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Baird · 2 days ago

Sr. Trust Officer

Evansville, IN

Full-time

Hybrid

Senior Level

5+ years exp

Baird is a company that specializes in fiduciary services, and they are seeking a Sr. Trust Officer to manage the administration of trust accounts while providing high-level service to clients. The role involves working closely with Financial Advisors and navigating complex family dynamics to ensure clients' wishes are fulfilled according to trust documents.

Financial Services

Growth Opportunities

Responsibilities

Professional trust administration within the scope of the governing document and in accordance with applicable state law

Provide proactive solutions to client needs and deliver prompt, professional communication to clients and Financial Advisors

Demonstrate expertise on the terms and practical application of trust document provisions, understanding how each trust fits within larger, complex relationships with a variety of account types

Educate trust beneficiaries on the terms and requirements of the trust

Navigate complex family dynamics

Prepare necessary documentation and recommendation for Administrative Review Committee on any discretionary decisions to be made on behalf of beneficiary

Coordinate client requests for funds including regular remittances and disbursements

Facilitate communication between multiple beneficiaries, internal and external advisors, and co-trustees, as well as act as a referral network

Understand trust taxation and consider tax implications for current and remainder beneficiaries

Work with internal partners to provide appropriate oversight of non-standard assets (real estate, promissory notes, mortgages, closely held businesses, oil and gas interests)

Assistance in implementing personal and charitable gifting strategies

Manage allocation of income and principal for distributions, including trust-related expenses and distributions on behalf of clients and beneficiaries

Facilitate annual IRA Required Minimum Distributions

Monitor daily transactions posted to trust accounts to ensure accuracy

Collaborate with the client’s advisors, attorneys, and accountants, on complex administrative matters

Provide mentorship to team members and others within Trust Administration

Prepare 60-day and annual account reviews

Serve on Administrative Review Committee or Policies and Procedures Committee

Occasional travel for client meetings