Trust Account Admin

First National Bank Alaska•Anchorage, AK

54d

About The Position

Develops and maintains trust and other investment management relationships and administers complex trust and other fiduciary accounts by performing the following essential duties and responsibilities: Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Manages complex trust and other fiduciary accounts and ensures compliance with Trust Department policies, procedures, and all applicable regulations, statutes, and legal precedents. Acquires, expands and retains customer relationships by identifying banking opportunities, strategizing proactive business development activities, cultivating referral networks, and focusing on viable target markets. Reviews investment opportunities, calculates cash flow projections with regard to investment earnings, and formulates recommendations to rebalance investments based on criteria established for the account by the client and Trust Committee; manages account investments and their appropriateness in conjunction with Investment Officer by looking at composition and performance. Effects requests for distribution to beneficiaries as directed by the enabling document or Trust Committee. Regularly executes all the activities set forth in the bank's Business Development Program, including scheduling proactive meetings with customers, prospective customers and Centers of Influence (COIs), tracking and reporting calls and pipeline details, participating in bank-sponsored events designed to strengthen customer relationships and networks, and engaging in relevant community organizations and events. Represents the Trust Department in the community and maintains business relationships with customers, attorneys, and beneficiaries relating to the management of trust account. Prepares investment and business development presentations, and writes technical proposals for presentation to bank customers, potential clients, or governmental entities. Manages challenging customers and works to build ongoing relationships. Analyzes the needs of existing and potential customers considering account profitability and other related factors to market the appropriate trust products/services; recommends to the Trust Committee approval/declination of trust relationships. Assists in training Trust Support Staff and provides guidance as needed. Keeps informed about the Trust industry, state statute changes, standards, best practices, trends and regulatory changes to ensure compliance with all applicable trust laws, rules, regulations, and practices. May perform the function of Portfolio Manager with the assistance of the Investment Officer, calculating the maturity, duration, and performance of portfolios, comparing to established benchmarks, and presenting reports of portfolio performance upon request. Performs other work-related duties as assigned by supervisor.

Requirements

Bachelor's degree in business, economics, accounting, finance or related field plus three years' trust, financial industry, or related professional experience; or equivalent combination of education/training and experience
Familiarity with legal terminology and working knowledge of sound fiduciary principles required
word processing and spreadsheet software experience required
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures or governmental regulations.
Ability to write reports, business correspondence and procedure manuals.
Ability to effectively present information and respond to questions from groups, management, clients, attorneys, and accountants.
Ability to work with mathematical concepts such as probability and statistical inference.
Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Nice To Haves

Bachelor's degree in business, economics, accounting, finance or related field plus four years progressively responsible trust, finance, or investment experience; or equivalent combination of education/training and experience.
Experience managing involved processes; client relationship management experience.
Presentation software skills preferred.

Responsibilities

Manages complex trust and other fiduciary accounts and ensures compliance with Trust Department policies, procedures, and all applicable regulations, statutes, and legal precedents.
Acquires, expands and retains customer relationships by identifying banking opportunities, strategizing proactive business development activities, cultivating referral networks, and focusing on viable target markets.
Reviews investment opportunities, calculates cash flow projections with regard to investment earnings, and formulates recommendations to rebalance investments based on criteria established for the account by the client and Trust Committee; manages account investments and their appropriateness in conjunction with Investment Officer by looking at composition and performance.
Effects requests for distribution to beneficiaries as directed by the enabling document or Trust Committee.
Regularly executes all the activities set forth in the bank's Business Development Program, including scheduling proactive meetings with customers, prospective customers and Centers of Influence (COIs), tracking and reporting calls and pipeline details, participating in bank-sponsored events designed to strengthen customer relationships and networks, and engaging in relevant community organizations and events.
Represents the Trust Department in the community and maintains business relationships with customers, attorneys, and beneficiaries relating to the management of trust account. Prepares investment and business development presentations, and writes technical proposals for presentation to bank customers, potential clients, or governmental entities. Manages challenging customers and works to build ongoing relationships.
Analyzes the needs of existing and potential customers considering account profitability and other related factors to market the appropriate trust products/services; recommends to the Trust Committee approval/declination of trust relationships.
Assists in training Trust Support Staff and provides guidance as needed.
Keeps informed about the Trust industry, state statute changes, standards, best practices, trends and regulatory changes to ensure compliance with all applicable trust laws, rules, regulations, and practices.
May perform the function of Portfolio Manager with the assistance of the Investment Officer, calculating the maturity, duration, and performance of portfolios, comparing to established benchmarks, and presenting reports of portfolio performance upon request.
Performs other work-related duties as assigned by supervisor.