Sr. Trust Officer

Baird•Evansville, IN

6d•Hybrid

About The Position

About the Role: Our Trust Officers are experienced fiduciary professionals responsible for the administration of trust accounts in accordance with the terms specified in the trust instrument, while also providing personalized, high-level service to clients. Our Trust Officers work closely with our Financial Advisors to ensure our clients’ wishes are carried out based on the terms of the trust document. This position requires on-site attendance five days per week in our Evansville, IN office for a minimum of six months during the initial training period. Following the successful completion of training and performance review, the role will transition to a hybrid work schedule consisting of 4 days per week in office and 1 remote work day. The Impact You’ll Make: Professional trust administration within the scope of the governing document and in accordance with applicable state law. Provide proactive solutions to client needs and deliver prompt, professional communication to clients and Financial Advisors. Demonstrate expertise on the terms and practical application of trust document provisions, understanding how each trust fits within larger, complex relationships with a variety of account types. Educate trust beneficiaries on the terms and requirements of the trust. Navigate complex family dynamics. Prepare necessary documentation and recommendation for Administrative Review Committee on any discretionary decisions to be made on behalf of beneficiary. Coordinate client requests for funds including regular remittances and disbursements. Facilitate communication between multiple beneficiaries, internal and external advisors, and co-trustees, as well as act as a referral network. Understand trust taxation and consider tax implications for current and remainder beneficiaries. Work with internal partners to provide appropriate oversight of non-standard assets (real estate, promissory notes, mortgages, closely held businesses, oil and gas interests). Assistance in implementing personal and charitable gifting strategies. Manage allocation of income and principal for distributions, including trust-related expenses and distributions on behalf of clients and beneficiaries. Facilitate annual IRA Required Minimum Distributions. Monitor daily transactions posted to trust accounts to ensure accuracy. Collaborate with the client’s advisors, attorneys, and accountants, on complex administrative matters. Provide mentorship to team members and others within Trust Administration. Prepare 60-day and annual account reviews. Serve on Administrative Review Committee or Policies and Procedures Committee. Occasional travel for client meetings. What You’ll Bring to Baird: Advanced knowledge of fiduciary law, trust taxation, and estate settlement principles and theories. Expertise in understanding and explaining Trust documents and Wills/Codicils. Solid knowledge of TrustDesk (preferred) or other trust accounting systems. High School diploma required or an equivalent combination of education, training or experience. Post-secondary degree preferred. 5+ years minimum experience in trust administration. CTFA a plus, but not required. JD a plus, but not required. #LI-TA1 Baird is committed to diversity and provides employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, pregnancy, citizenship, national origin, age, disability, military service, veteran status, sexual orientation, gender identity or expression, genetic information, or any other status protected by law. Baird is an employee-owned, international financial services firm specializing in wealth management, capital markets, private equity and asset management. Our mission is straightforward. We strive “to provide the best financial advice and service to our clients and be the best place to work for all.” Our culture is like no other with extraordinary people who make Baird great for our clients and one another. Nationally recognized as a great place to work since 2004, we invite you to learn more about Baird, our culture and our people. Baird is committed to inclusion & diversity for our clients, our associates and the communities where we live and work. This commitment stems from our culture of integrity, genuine concern for others and respect for the individual. We view inclusion & diversity as an ongoing journey – one of shared responsibility, continuous improvement and a focus on progress. We invite you to join us as we work together to foster an environment where diversity unites rather than divides us.

Requirements

Advanced knowledge of fiduciary law, trust taxation, and estate settlement principles and theories.
Expertise in understanding and explaining Trust documents and Wills/Codicils.
Solid knowledge of TrustDesk (preferred) or other trust accounting systems.
High School diploma required or an equivalent combination of education, training or experience.
5+ years minimum experience in trust administration.

Nice To Haves

Post-secondary degree preferred.
CTFA a plus, but not required.
JD a plus, but not required.

Responsibilities

Professional trust administration within the scope of the governing document and in accordance with applicable state law.
Provide proactive solutions to client needs and deliver prompt, professional communication to clients and Financial Advisors.
Demonstrate expertise on the terms and practical application of trust document provisions, understanding how each trust fits within larger, complex relationships with a variety of account types.
Educate trust beneficiaries on the terms and requirements of the trust.
Navigate complex family dynamics.
Prepare necessary documentation and recommendation for Administrative Review Committee on any discretionary decisions to be made on behalf of beneficiary.
Coordinate client requests for funds including regular remittances and disbursements.
Facilitate communication between multiple beneficiaries, internal and external advisors, and co-trustees, as well as act as a referral network.
Understand trust taxation and consider tax implications for current and remainder beneficiaries.
Work with internal partners to provide appropriate oversight of non-standard assets (real estate, promissory notes, mortgages, closely held businesses, oil and gas interests).
Assistance in implementing personal and charitable gifting strategies.
Manage allocation of income and principal for distributions, including trust-related expenses and distributions on behalf of clients and beneficiaries.
Facilitate annual IRA Required Minimum Distributions.
Monitor daily transactions posted to trust accounts to ensure accuracy.
Collaborate with the client’s advisors, attorneys, and accountants, on complex administrative matters.
Provide mentorship to team members and others within Trust Administration.
Prepare 60-day and annual account reviews.
Serve on Administrative Review Committee or Policies and Procedures Committee.
Occasional travel for client meetings.