1st Source Bank-posted about 1 month ago
Full-time • Mid Level
South Bend, IN
1,001-5,000 employees
Credit Intermediation and Related Activities

POSITION SUMMARY Responsible for the administration of assigned accounts, specializing in one of the following areas: trusts, estates or agencies; represents the company in business activities and contacts with customers, attorneys, and beneficiaries relating to these accounts. ESSENTIAL REQUIREMENTS Manages assigned accounts in accordance with the terms of the nominating instrument and in a manner consistent with the needs of principals, beneficiaries, etc. Analyzes and studies nominating instruments. Arranges for the assembly, appraisal, evaluation, transfer and protection of assets of business interests. Sets up documentation of new accounts, determines the frequency and amount of payments, considers tax liabilities and arranges for accounting and distributions. Coordinates administrative functions with other areas and individuals, such as investment officers, estate analysis officers, attorneys, co-executors and others as required. Contacts or corresponds with persons, agencies and organizations who have an interest in any aspect of an account. Resolves problems brought by principals, beneficiaries, and others as needed. Makes court appearances at audits or other proceedings and deals with realtors, attorneys, agents and others for the acquisition, disposition or preservation of trust assets and related business. Advises senior officers and members of the trust investment committee on questions concerning the acceptability of trust positions and the proper use of income or principle for accounts being managed. Develops new business and advises or consults with other officers on details or proposed plans. Responsible for the supervision of assigned staff and exercises the usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, and terminations (if applicable). Regular and predictable attendance is an essential requirement of the position. Responsible for the completion of all compliance training related to the position. Must understand all applicable laws and regulations that apply to the position and complies with the requirements. NON-ESSENTIAL FUNCTIONS Performs all other duties as assigned.

  • Manages assigned accounts in accordance with the terms of the nominating instrument and in a manner consistent with the needs of principals, beneficiaries, etc.
  • Analyzes and studies nominating instruments.
  • Arranges for the assembly, appraisal, evaluation, transfer and protection of assets of business interests.
  • Sets up documentation of new accounts, determines the frequency and amount of payments, considers tax liabilities and arranges for accounting and distributions.
  • Coordinates administrative functions with other areas and individuals, such as investment officers, estate analysis officers, attorneys, co-executors and others as required.
  • Contacts or corresponds with persons, agencies and organizations who have an interest in any aspect of an account.
  • Resolves problems brought by principals, beneficiaries, and others as needed.
  • Makes court appearances at audits or other proceedings and deals with realtors, attorneys, agents and others for the acquisition, disposition or preservation of trust assets and related business.
  • Advises senior officers and members of the trust investment committee on questions concerning the acceptability of trust positions and the proper use of income or principle for accounts being managed.
  • Develops new business and advises or consults with other officers on details or proposed plans.
  • Responsible for the supervision of assigned staff and exercises the usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, and terminations (if applicable).
  • Responsible for the completion of all compliance training related to the position.
  • Must understand all applicable laws and regulations that apply to the position and complies with the requirements.
  • Three (3) to five (5) years trust experience preferred.
  • Good PC skills--proficiency in Word and Excel essential.
  • Ability to be proactive, take initiative, and carefully monitor, follow through, and complete every project/responsibility.
  • Good written and verbal communications skills.
  • Highly motivated.
  • Professional demeanor.
  • Analytical and problem-solving skills with attention to detail.
  • Strong relationship management skills.
  • Bachelors Degree preferred.
  • Ability to travel as needed for meetings, projects, seminars, etc.
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