Senior Personal Trust Administration Officer

Stifel•St. Louis, MO

About The Position

The Senior Personal Trust Administration Officer Administers complex trust accounts in accordance with the terms of the trust document and all applicable laws.

Requirements

Understand and comply with all regulations, including the Community Reinvestment Act, Bank Secrecy Act, Fair Credit Reporting Act, etc.
Ability to use logic and reasoning to identify complex problems; review related information and develop options and implement solutions.
Ability to assess liability and react appropriately and promptly.
Knowledge of principles and processes for providing customer and personal services.
Ability to use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Ability to lead a group of professional level employees.
Minimum Required: Bachelor's degree in business or related field
Minimum Required: 5+ years' experience in Personal Trust Administration or Estate Planning
Minimum Required: CTFA or CFP
Proficient in Microsoft Excel, Word, PowerPoint, Outlook

Responsibilities

Communicate and maintain relationships with FAs, attorneys, and CPAs regarding client needs.
Act as a resource for other Trust Officer's to help them prepare for meetings.
Review trusts to ensure compliance with regulatory guidelines and fiduciary responsibility.
Ensure files are complete for annual audit by federal and state examiners under Regulation 9 laws and guidelines.
Coordinate, monitor and execute post-death provisions with appropriate areas of trust company.
Review the trust for the dispositive provisions and notify remaindermen.
Review estate assets and coordinate the disposition with the attorney, personal representative and remaindermen and secure decedent's real property and tangible personal property by visiting site.
Review Court Accountings and file with the appropriate Court or Court Referee.
Serve as a team lead by working to field questions from other Trust Officers and Trust Associates, train new administrative employees, and work with managers on department efficiency and development.
Approve, coordinate and supervise the establishment of the account with the trust company including, coordination and monitoring of transferred assets, correct statement recipients, collecting cost basis information, approving account on system, approving fee schedule set-up, etc. Review daily account activity.
Notify the client and FA of any unusual activity in the account.
Revalue charitable trusts on an annual basis to ensure payments are going to the beneficiaries per the trust provisions.