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Administers accounts where the Company acts in the capacity of personal representative of an estate, trustee under will or inter vivos trust agreement, as a court-appointed guardian of the estate, and as an agent under a custody, escrow, safekeeping, or investment management arrangement.
Responsibilities include, but are not limited to:
- Where the Company is personal representative of an estate, the assigned trust officer is responsible for the following duties:
- Cooperating with legal counsel as to probate the will within departmental policies and applicable state law
- Identifying, collecting, securing, and appraising all assets and preparing an inventory in a timely manner
- Handling assets such as real estate and closely held corporations that must be specially managed
- Maintaining contact with beneficiaries concerning their interest
- Cooperating with accountant to properly determine tax elections, file federal and state tax returns, and pay taxes in a timely manner
- Ensuring that all estate liabilities are identified, proven, and satisfied
- Ensuring that remaining assets are distributed property
- Where the Company acts as trustee, the assigned trust officer is responsible for the following duties:
- Administering trust in accordance with the will or trust agreement, Company policies, and state laws
- Trust income is collected and properly processed and distributed or reinvested
- Trust principal is properly managed, invested, and distributed
- All tax reports and returns are prepared and submitted in a timely manner
- Responsible for performing the statutory duties of a guardian of real and personal property in accordance with the directions of the court and concerned governmental agencies and within departmental procedures and policies
- Responsible for performing all duties specified in the terms of a custodial, escrow, safekeeping, or investment management agreement. Secures and invests customer's assets, collects and remits or reinvests income as directed
- Responsible for the administration and management of certain personal trusts
- Responsible for building customer satisfaction in the Company
- Cross-sell other Company services with officers in charge of retail deposits, retail lending, commercial lending, and cash management
- Participate as a member of various Trust committees as assigned
- Represent the Company and provide leadership in key community activities and committees
- Participate in professional associations; attend conventions, conferences, and seminars
- Build relationships with potential referral sources
- Complete required training associated with job function
- Build and maintain strong customer relationships
- Perform other duties as assigned
Qualifications
Education/Experience:
- Bachelor's degree in Finance or Business Administration or the equivalent of five plus years of specialized training in trust services
Skills:
- High level of analytical skills to conduct trust/investment account analysis and maintain account's progress in consideration of market trends, interest rates, economic conditions, and other factors
- High level of interpersonal skills to interact with customers and potential customers in a professional manner
- Adequate knowledge of both internal policies and procedures and the respective state and federal laws and regulations governing departmental functions to ensure performance of individual job duties within the proper control environment
First Mid Bancshares, Inc. is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.
THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT
HP123
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