Sr. Trust Officer
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Job Location:
Evansville, IN - USA
Monthly Salary:
Not Disclosed
Posted on:
10 hours ago
Vacancies:
1 Vacancy
Job Summary
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 Youll 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 clients 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 Youll 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.
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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.
Required Experience:
Senior IC
Key Skills
- CCTV
- Federal Agencies
- Customer Service
- Clearance
- Facility
- Suspicious Activity
- Property Damage
- Public Safety
- Daily Operations
- Professional Development
- Access Control
- Communication
- General Public
- Procedures
- Powerpoint
About Company
Baird is an employee-owned wealth management, capital markets, asset management and private equity firm. Leveraging our deep expertise and broad skills, we're dedicated to providing the best advice and service to our individual, corporate, institutional and municipal clients.
