Trust-Estate Officer

Responsibilities include but are not limited to :

• Oversee proper administration of trust and estate accounts to ensure compliance with all regulatory rules, regulations, laws, and bank policy and procedures.
• Trust administration including review synopsis and administration of the trust in accordance with the governing document;
• perform annual reviews, clear and professional correspondence with beneficiaries, attorneys, accountants, and other interested parties;

review of required tax filings; oversee and facilitate the termination and distribution of assets upon occurrence of a terminating event.

Estate administration including review and synopsis of documents, clear and professional correspondence with beneficiaries, attorneys, accountants, and other interested parties;

collection, valuation of estate assets; management of assets; coordination of the preparation and filing of estate and income tax returns, preparation of accounting and distribution of assets.

• Partner with Valley Wealth Management (VWM) advisors for Investment management and oversight, including establishment of investment objective and target asset allocation for each account, and periodic assessment to assure each account is managed pursuant to its objectives and is in line with its targets.
• Analyze trust documents for administrative, legal, tax, and investment issues and escalate to management when appropriate.
• Responsible for large securities litigation settlement accounts, including preparation of accounting, wires, purchase, and sale of securities and T-bills using internal vendor system or partnering with broker / dealer affiliate.
• Responsible for the trading of corporate and municipal bonds and equities trades using internal vendor system or partnering with broker / dealer affiliate.

Maintain and monitor list for TIC (Trust Investment Committee) review.

• Monitor proxy voting through Broadridge(software) and present at TAC (Trust Administrative Committee) meeting.
• Administer Investment Management, Custody, Corporate Trust, and Escrow accounts.
• Knowledge of internal processes and procedures for account pre-acceptance, account opening / closing / and maintenance, investment process including annual regulatory and administrative reviews, and other administrative processes.
• Develop and retain new business opportunities by deepening existing relationships and through external professional advisor community with whom the employee interacts.
4 days ago