Itasca Bank & Trust Co. · 4 hours ago
Trust Associate
Greater Chicago Area
Full-time
Onsite
Mid Level
3+ years expItasca Bank & Trust Co. is an independently owned, local community bank dedicated to quality service and community involvement. The Trust Associate will support Trust Administrators with account management, investment monitoring, and client inquiries while ensuring compliance and operational efficiency.
Financial ServicesVenture Capital
Responsibilities
Support Trust Administrators, including account setup and maintenance, client distributions, and bill payments
Prepare and monitor investment profiles and assist with quarterly investment reviews
Ensure timely and accurate entry of account information into internal systems
Assist with completion of initial and annual trust account reviews
Track and coordinate trust account opening and closing, ensuring timely and accurate processing
Authorize and prepare bill payment requests for pre-approved vendors accurately and ensuring compliance
Research trust-related matters and provide conclusions for Trust Officer review
Track and maintain real estate assets including insurance, appraisals, and property tax payments
Respond to client inquiries and coordinate with Trust Administrators to resolve issues efficiently
Generate routine trust reports and account statements for internal and external customers
Initiate and monitor asset collection, ensuring complete and timely receipt of all assets
Provide support for tax reporting, including tracking payments and filings to ensure compliance
Reviews, and makes recommendations for operational procedures changes to improve efficiencies, accuracy, streamlining and compliance
Digitize and archive client documents in accordance with retention policies
Support internal, state, and FDIC audit processes
Provide cross-functional support within the trust operations department
Prepare discretionary distribution requests for Administrator’s review
Manage incoming and outgoing mail, including trust-related client communications
Prepare account inventories and annual accountings
Qualification
Required
Minimum 3 years of Trust Operations/Administration, Bank Operations, or Bank Compliance experience
High school diploma or equivalent
Enthusiastic, self-motivated individual with the ability to work in high pressure, time sensitive environment
Excellent interpersonal skills and customer service skills
Excellent organizational skills and attention to detail
Strong analytical skills and problem-solving skills
Excellent verbal and written communication skills
Demonstrated professionalism and discretion with internal and external customers
Effective collaboration at all levels of the organization
Willingness to share knowledge and learn from others
Ability to handle sensitive and confidential matters
Proficient in Microsoft Office (Word, Excel, Outlook, and PowerPoint)
Preferred
Associate degree in related field
Experience with trust accounting systems
Company
Itasca Bank & Trust Co.
Itasca Bank & Trust Co. is a banking firm that specializes in banking, financial planning, women's initiative, wealth management and trust.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Marc DeFauw
Chief Financial Officer
Michael-Anne Peck
Vice President and Chief Trust Officer
Company data provided by crunchbase