Job Purpose & ScopeResponsible for the day-to-day administration of a portfolio of corporate trust accounts and a variety of associated trust functions.
Essential Job Functions- Administers municipal bond issues and other types of fiduciary accounts as assigned.
- Reviews new corporate accounts as assigned.
- Participates in business development activities, which include soliciting and acquiring new escrow, custody, paying agent and trustee business relationships for the Bank.
- Serves as backup to Corporate Trust EVP and provides additional oversight relative to Corporate Trust Operations.
- Prepares and presents internal reports.
- Corresponds, communicates, and meets with clients.
- Establishes effective relationships with fellow employees to maximize business development potential.
- Compiles reports for State Board of Finance and other external examiners annually.
- Responsible for FAST Cab inventory semi-annually and vault inventory quarterly.
- Responsible for the following monthly:
- DS Statements
- Reviewing Alerts and implementing appropriate actions
- Debt Service payment letters
- Completing IRS Form 8038-CP
- UCC Filings
- Client Point Letters as needed
Knowledge, Skills & Abilities- Knowledge of trust frameworks, financing arrangements, fiduciary accounting and associated transaction documents.
- Ability to work in a team environment.
- Ability to maintain confidentiality.
- Ability to travel on Bank business.
- Ability to demonstrate attention to detail and maintain quality and accuracy of work products.
- Ability to demonstrate sound judgment in identifying transactions/circumstances requiring special attention.
- Ability to communicate effectively both verbally and in writing.
- Ability to demonstrate initiative to accomplish work objectives.
- Ability to work effectively and demonstrate flexibility in a continually changing environment.
- Ability to demonstrate effective organization, critical thinking, analytical, and problem-solving skills.
- Ability to manage multiple tasks with exacting deadlines in a fast-paced environment.
- Ability to work without close supervision.
- Ability to demonstrate effective customer service skills.
- Ability to work extended hours to accomplish work goals.
- Skill in using computer and Microsoft Office, including Word, Excel, PowerPoint and Outlook.
Basic Qualifications- Bachelor's degree in business, finance, accounting required, economics, banking, or an equivalent combination of education and experience, required.
- Minimum 6 years of experience in corporate trust, public finance, fiduciary administration, wealth management, commercial banking, or related financial services, required.
- Trust school certification, preferred
- This position may require access to certain confidential information and areas of the Bank. Successful completion of a post-offer enhanced criminal background screening including fingerprinting is required.
Job ExpectationsOperate customary equipment and technology used in a business environment, with or without accommodation.
Note: This description is not an exhaustive list of all job functions, duties, skills, and job standards required. Other job functions, duties, skills, and standards may be added. Management reserves the right to add or change the job requirements at any time.
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