Hills Bank Trust Officer in North Liberty, Iowa
North Liberty, IA, USA
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SCHEDULE: Monday through Friday
This position will be responsible for retention and development of existing and new business opportunities, administration and retention of personal trust business and estate administration with the objective of profit for the Bank and quality service to the customers. The primary focus of this position is to administer trusts and estates for customers and their families, with the expectation of supporting other Trust and Wealth Management Officers with trust and estate planning for their customers.
Account Administration: (80%)
Administer various wealth management accounts including Estates, Estate Agencies, Personal Trusts, Conservatorships, Insurance Trusts, Charitable and Donor Advised Trusts, all types of IRAs, Individual Portfolios and Institutional Relationships as provided under the governing instrument in accordance with Bank policy, established practice, approved procedures and legal constraints with primary focus in the area of trust and estate administration and estate planning.
Assist with the preparation and filing of tax returns and other regulatory filings required for personal or charitable trusts.
Work with investment officers to invest client accounts in wealth management model portfolios. Maintain investment direction in all accounts under administration, including monitoring of investment objectives, asset allocations, and keeping cash invested as appropriate.
Perform annual account and investment reviews for each assigned account.
Ensure that transactions in accounts under their direct administration are given proper tax codes, have a general knowledge of tax rules and will assist in timely delivery of tax reporting to clients of the bank.
Work in conjunction with active and potential Trust and Wealth Management customers and their legal and accounting advisors to develop or improve the customer's individual and or business estate and financial planning or other trust related business. This may include review of legal documents such as wills or trusts prepared by outside legal counsel where the bank is named in some fiduciary capacity.
Business Development: (15%)
Sustain and develop relevant relationships with the local market area legal and accounting and professional community to enhance and garner business opportunities.
Sustain and develop relevant relationships with Hills Bank employees outside the department to garner referrals and other business opportunities. Participate in training bank wide staff on how referrals can be made.
Participate in the Bank's business development activities. Represent the Bank in industry and professional associations, community organizations, local business groups, etc. and promote the Bank's favorable image.
Cross-sell commercial, retail and mortgage banking services and products to Trust and Wealth Management customers. Develop joint marketing relationships and strategies with other areas of the Bank.
Establish and promote personal and department reputation for exemplary customer service and sound investment strategy and results.
Contribute to the annual department sales goals by achieving or exceeding a personal sales goal set by department management.
Departmental Improvement: (5%)
Stay current on pertinent market and regulatory developments and identify current and potential markets. Develop and implement plans and programs to respond to those developments and target desired trust and wealth management markets.
Enhance and maintain department's reputation as an area leader in Trust and Estate Administration.
EDUCATION AND SPECIAL REQUIREMENTS:
Juris Doctorate of Law degree (J.D.) required
Experience with direct client-facing personal banking, wealth management, trust or estate account administration responsibility preferred but not required.
EQUAL OPPORTUNITY EMPLOYER
Our goal is to keep our employees and customers safe. Until further notice, we have implemented the following requirement for our current and future employees.
A face mask or face shield MUST be worn by ALL employees:
+ + When entering and exiting the facilities
In the lobby
For all meetings with a customer(s) present
For employee-only meetings in an office or conference room where plexiglass and/or distancing are not possible
Whenever you are away from your workstation or office