GBC Bank · 6 hours ago
Trust Officer
Greenfield, IN
Full-time
Onsite
Senior Level
5+ years expGBC Bank is seeking a Trust Officer who will oversee the management and strategy of trust accounts, ensuring compliance with legal requirements and safeguarding clients' interests. This role involves client relationship management, investment strategy oversight, and providing estate planning consultation to meet beneficiaries' goals.
BankingFinancial ServicesVenture Capital
Responsibilities
Handle and manage trust accounts, ensuring compliance with legal and regulatory requirements
Act in the best interest of beneficiaries, adhering to the terms of the trust document
Oversee the strategic management of trust assets, including investment decisions and portfolio management (oversight as it relates to the trusts intent)
Works closely with clients to understand their goals and objectives, ensuring the trust account aligns with their wishes
Provides advice on estate planning and wealth management, often collaborating with portfolio managers, wealth advisors, CPA’s and estate attorneys
Trust officers work with the Portfolio Manager and Wealth Advisor to develop and implement investment strategies that align with the trust’s goals utilizing financial planning to assess risk tolerance and market conditions and make informed decisions for the trust
Build and maintain relationships with clients, beneficiaries, and center of influence advisors such as CPA’s and Attorney’s
Conduct regular meetings to update clients on trust performance and address any concerns
Build long-term relationships with clients, regularly reviewing the trust’s performance and adjusting as needed based on changing circumstances or goals
Prepare and execute legal documents related to trust management
Ensure timely disbursement of distributions to beneficiaries as per the trust agreement
Maintain accurate records of transactions, communications, and trust activity
Prepare financial statements and reports for auditing purposes
Stay informed about changes in laws and regulations that affect trusts and fiduciary responsibilities
Ensure all trust activities comply with state and federal laws
Provide guidance on estate planning strategies to clients
Collaborate with attorneys and tax professionals to develop comprehensive plans
Address and mediate disputes regarding the trust among beneficiaries or between beneficiaries and trustees
Stay current with trust and estate laws and regulations
Ensure all activities meet regulatory requirements
Identify and mitigate potential risks
Maintain proper insurance coverage
Collaborate with attorneys, CPAs, and other professionals
Assist with estate planning strategies
Help structure trusts to meet client objectives
Provide expertise on tax implications through financial planning
Prepare tax returns and other required filings
Coordinate with custodians and other service providers
Manage trust accounting and fee calculations
Handle trust modifications and terminations
Responds to inquiries or refers inquiries to the appropriate department or person and exhibits the necessary follow-through with customers and/or staff involved
Assists in implementing cost controls for the department and monitors expenses to ensure compliance with budget
Assumes responsibility for special projects; gathers data and prepares reports for Senior Management, audits and other personnel
Answers telephones, answers questions and directs callers to proper Bank personnel
Assumes responsibility for various department functions in the absence of staff members or in overload situations
Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions
Demonstrates knowledge of and adherence to Equal Employment Opportunity (EEO) policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action
Assures compliance with all Bank policies and procedures and all applicable state and federal banking laws, rules and regulations
Completes administrative tasks correctly and on time; supports the Bank’s goals and values; benefits the Bank through outside activities
Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct
Qualification
Required
Bachelor's degree (BA) or Master of Business Administration (MBA) finance, accounting or a related field from a college or university
Minimum of five (5) years of relevant experience focused on the Trust business either at a corporate fiduciary or law firm
In depth knowledge of financial markets, investment strategies and all fiduciary products and services surrounding trusts & estate planning, including all legal, tax and regulatory requirements applicable to fiduciary relationships
Ability to analyze financial data and assess investment opportunities
Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, speak clearly to clients, advisors and employees
Skilled communicator, capable of explaining complex financial concepts to clients who may not have a financial background
Precision in handling documentation and maintaining records
Strong analytical skills to assess investment opportunities and manage risk
Excellent interpersonal skills to build relationships with clients and stakeholders
Intermediate skills in computer terminal and personal computer operation; host computer system; word processing, spreadsheet and specialty software programs
Intermediate typing skills to meet production needs of the position
Intermediate math skills; ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs
Ability to deal with complex problems involving multiple facets and variables in non-standardized situations
Ability to work with minimal or no supervision while performing duties
Current driver's license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities
Preferred
Advanced degrees or professional certifications such as CFP, CTFA and/or J.D. strongly preferred
Company
GBC Bank
GBC Bank is a community bank opened in 1871 in Greenfield, Indiana.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Mike Graf
Chief Executive Officer
Victor Melchiorre
Chief Risk Officer (CRO)
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