Trust Associate

JOB SUMMARY :

Assists with the administration, operational processing / recordkeeping and investment functions of the Trust Department. Personally administers assigned accounts of a routine nature under the supervision and guidance of the Vice President, Senior Trust Officer.

ESSENTIAL DUTIES AND RESPONSIBILITIES :

Duties include, but are not limited to, the following :

Trust Assistant Duties and Responsibilities

• Daily input / review / monitoring of information to third party service provider. Process cashier's checks produced locally by the Trust Department
• Set up, maintain and close accounts on the trust system and completing applicable department check lists
• Reconcile balances with outside brokers, and monitoring Certificate of Deposit maturities and reinvestments
• Maintain account files, mailings of customer statements, tax information and insurance information
• Prepare information for reports to the Internal Officers Trust Committee and the Board of Directors Trust Committee, and serves as the Recording Secretary for the minutes of the Internal Officers Trust Committee
• Monitor the daily work of the Trust Administrative Assistant and trains that individual in trust projects as assigned
• Maintain and update Trust Department Spreadsheets (e.g., Real Estate, Insurance, Account Review Cycles, Fee Income Information, Fee Billings and Tax Payments)
• Coordinate and mail accounting statements to customers and gathers necessary year-end accounting and tax information for preparation of fiduciary income tax returns and court reports
• Assist in the development of new trust business
• Serve as the primary back-up to duties performed by the Trust Administrative Assistant
• Conducts other duties as may be assigned

Trust Administrative Duties and Responsibilities

KNOWLEDGE REQUIREMENTS :

Good understanding of the various functions of a Trust Department, including operational processing, trust administration, trust investments and compliance

EDUCATION / EXPERIENCE :

SKILLS :