City National Bank ยท 1 day ago
Trust Administration Officer II
Wilmington, DE
Full-time
Onsite
Entry Level
$59K/yr - $94K/yr
3+ years expCity National Bank is a financial services company founded in 1954, dedicated to helping clients and communities flourish. They are seeking a Trust Administration Officer II, responsible for administering personal trust accounts and ensuring compliance with the governing documents while maintaining relationships with clients.
BankingFinanceFinancial Services
Responsibilities
For Trusts where CNB is trustee, reviews and revises paperwork from sales team (e.g., agreements, fee schedules, transfer proxies, receipt of assets, ensure accurate cost basis and tax acquisition dates, obtain any missing information and signatures, etc.). Make corrections and additions to ensure accuracy
Prepare new account paperwork, as required
Analyze anticipated income to insure sufficient cash is maintained to meet beneficiary distributions, banks fees, trust bills, etc
Obtain missing documents from clients
For Trust accounts, initiate annual administrative review of accounts. Review files for completed forms, codes, review payments and transactions and for accuracy. Review forms to ensure they are consistent with the Trust Document
Produce and review various tax reports for clients and intermediaries. Research tax deficiency notices. Pay estimated taxes and allocates tax payments between principal and income, file returns, and maintains tax calendars. Communicate with Tax Vendor and external intermediaries
Gather data for account reconciliation, ensuring distribution requirements are met for charitable trusts, computes distribution amounts for uni-trust accounts and reviews fee agreements between the bank, clients, and Co-Fiduciaries
Complete discretionary distribution requests. Submit formal requests to the Trust Officer for approval
Coordinate set up, tracking, and monitoring of personal property inventory; real estate, mineral, oil and gas, intellectual properties, and special financial assets. (i.e., notes, loans, partnerships, etc.)
Provide client service by responding and researching client and colleague inquires by phone, email, and written communications
Respond to advisors and intermediaries regarding the administration and maintenance of accounts
Fields phone calls from clients and intermediaries
Review documents and responses to compliance department, audit and OCC inquiries after research is performed by TA
Gather information from clients for projects
Prepare draft correspondence letters and memos
Maintain new account logs
Follow appropriate Regulation 9 process
Maintain all appropriate training and continuing education requirements for both internal programs and external licenses and certifications
Qualification
Required
Bachelor's Degree or equivalent
3+ years of experience in financial services required
3 + years of basic computer experience (e.g. Microsoft Word, Excel, Outlook) required
Preferred
3+ years of experience in trust administration preferred
Strong written and verbal communications skills
Ability to gather, arrange, compile, interpret, analyze, summarize and evaluate information and data to identify opportunities and formulate conclusions and recommended actions
Ability to set priorities, and objectives
Trust Certificate and/or CTFA a plus
Benefits
Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
Generous 401(k) company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation, sick and volunteer time
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement
Company
City National Bank
City National Bank offers a full complement of banking, trust and investment services. It is a sub-organization of City National.
1001-5000 employees
H1B Sponsorship
City National Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (76)
2024 (78)
2023 (145)
2022 (93)
2021 (107)
2020 (62)
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-01-13IPO
Leadership Team
Howard Hammond
CEO City National Bank
Fiyaz Khan
Senior Vice President, Structured Products
Recent News
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