Sr Trust Officer

Ameriprise Financial-posted 3 months ago
$120,000 - $162,000/Yr
Full-time • Mid Level
Hybrid • Minneapolis, MN
5,001-10,000 employees
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
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In this role you will work directly with financial advisors and trust clients to create, enhance, and expand their relationship with Ameriprise. Responsibilities include Fiduciary administration of complex estate and personal trust accounts, reviewing and interpreting Wills and Trust agreements, conferring with attorneys, financial advisors and clients regarding establishment, administration, and operation of trust accounts. You will also be responsible for establishing and maintaining positive client relationships, quality customer service, and client retention.

  • Responsible for overall trust account servicing, including initial and ongoing account reviews, discretionary distribution reviews, relationship building with advisors, clients and attorneys, research of legal issues, detailed knowledge of state and federal statutes governing trust administration, and interpretation of and execution of actions as directed by governing documents including Wills, Trusts, Codicils, Amendments, FLP, Contracts, etc.
  • Actively participate in Trust Administrative Sub-Committee meetings.
  • Perform administrative account reviews annually.
  • Work with advisors, attorneys, accountants, and family members to ensure timely and accurate estate settlement including review document to determine dispositive provisions, review/approve payment of final expenses, coordinate gathering of material/documents for the final income tax return and estate tax return, determine whether other assets flow into trust/estate, ensure proper distributions made to beneficiaries, ongoing communication with beneficiaries and advisors.
  • Assist in the sales process for Personal Trust; review and analyze documents, propose changes, negotiate and provide legal research as necessary, oversee and monitor account establishment and funding.
  • Responsible for identification of core business opportunities in the Ameriprise Financial Advisor channel via outbound call component.
  • Coordinate preparation of trust tax returns and Agency letters with accountant, address coding and other issues impacting preparation of returns, develop new policies and procedures to address enhancements and changes, review tax returns for accounts administered, assist other team members as necessary to help ensure timely preparation and review of all returns is completed.
  • Lead and/or participate in other projects as a subject matter expert (e.g., IRA development, coordination with Financial Planning, litigation settlement, system).
  • 7-10 years' relevant experience
  • Trust investment background and/or experience with brokerage and/or delivery of trust services through alternative channels helpful.
  • Experience in trust management.
  • Good written and oral communication skills.
  • Strong organizational skills and attention to detail.
  • Ability to prioritize and follow through.
  • Good analytical and problem-solving skills.
  • Vacation time
  • Sick time
  • 401(k)
  • Health insurance
  • Dental insurance
  • Life insurance
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