Trust Officer

Bank of Utah • Salt Lake City, UT

3h • Onsite

About The Position

Bank of Utah is hiring a Trust Officer to work at its City Creek Branch in Salt Lake City, Utah, on a Monday–Friday schedule. The role administers assigned fiduciary accounts and estates, maintains client relationships, coordinates with clients, attorneys, investment advisors, and tax professionals, and supports new business development through referral networks and presentations. The position requires five to ten years of relevant fiduciary administration and relationship management experience, along with a bachelor’s degree or equivalent experience. CTFA or CFP certification is preferred.

Requirements

• Bachelor’s degree or equivalent experience.
• Five to ten years of relevant experience in fiduciary administration and relationship management.
• Proficiency in Microsoft Office, trust accounting software (AccuTrust), electronic document management (Director), workflow forms (Unity), and related trust and investment systems.
• Excellent written and verbal communication skills, including high-touch communication with clients.
• Team-oriented approach, excellent judgment, initiative, and adaptability.
• Good interpersonal relationship and service skills.

Nice To Haves

• CTFA or CFP certification.

Responsibilities

• Respond to client visits, calls, emails, correspondence, and other requests.
• Administer the opening and closing of accounts, including preparing and reviewing account documents, coordinating review of fiduciary documents, assessing incoming assets, preparing governing documents, maintaining account profiles, and completing checklists.
• Administer fiduciary accounts in accordance with governing documents and applicable federal and state laws and regulations.
• Prepare, complete, and present account reviews to the Trust Committee.
• Direct and approve receipts and disbursements, submit discretionary distribution requests, and coordinate with investment advisors to document investment objectives.
• Monitor cash balances, submit and approve trade requests as needed, and confirm the completion and accuracy of posted transactions.
• Administer miscellaneous assets, including real estate, LLCs and partnerships, oil and gas, and precious metals; pay property taxes and insurance, inspect properties, and obtain and update valuations.
• Establish and maintain account files, scan and index documents, and send closed or aged files for storage or destruction.
• Coordinate tax reporting with tax professionals; verify information for 1099 and 5498 forms; review, sign, and file trust tax returns; and direct and approve tax payments and refunds.
• Receive and withdraw physical assets and documents in and out of the trust vault under dual control.
• Administer estates by gathering, securing, inventorying, maintaining, valuing, reporting, and disposing of estate assets.
• Prepare account files and information for annual audits and regulatory examinations.
• Build and maintain a network of referral sources, including lawyers, CPAs, investment advisors, and other centers of influence.
• Respond to referrals from prospects, centers of influence, and internal sources.
• Make formal and informal presentations about the bank’s fiduciary and investment services to internal audiences, prospects, and referral sources.
• Perform other duties as assigned.

Benefits

• Medical, dental, and vision plans.
• 401(k) plan and match up to 5 percent in the employee stock ownership program, subject to eligibility requirements.
• 12 paid bank holidays and paid time off, including paid parental leave.
• Volunteer opportunities in the communities where employees work and live.
• Awards and recognition for employees living the bank’s values.
• Great work-life balance with a Monday–Friday schedule.
• Competitive pay and benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level