Stifel Trust Company is looking for a seasoned trust professional to partner with a high net worth team. In this role, the Senior Personal Trust Administration Officer Administers complex trust accounts in accordance with the terms of the trust document and all applicable laws. The ideal candidate will have their CTFA or CFP designation and have experience working in estate planning or personal trust administration.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Develop relationships with clients through frequent contact via telephone, email, or in writing. Communicate with FAs, attorneys, and CPAs regarding client needs. Meet with clients as necessary or requested. Act as a resource for other Trust Officer's to help them prepare for meetings.
- Review trusts to ensure compliance with regulatory guidelines and fiduciary responsibility. Interpret document to ensure appropriate administration of trusts. Make sure files are complete for annual audit by federal and state examiners under Regulation 9 laws and guidelines. Review and report account status annually. Consult with supervisor to clarify ambiguous terms or provisions of the document.
- Coordinate, monitor and execute post-death provisions. Coordinate notification of client's death with appropriate areas of trust company. Review the trust for the dispositive provisions and notify remaindermen. Coordinate with attorney, CPA and personal representative the closing of the estate and the preparation of a 706 to determine each party's responsibility. Review estate assets and coordinate the disposition with the attorney, personal representative and remaindermen. Review estate tax return (706) and order of distribution. Coordinate the transfer of assets from the estate to the trust (where applicable) or out of the trust per the dispositive provisions.
- Review Court Accountings and file with the appropriate Court or Court Referee.
- Review work of Trust Associate assigned to help with account administration for accuracy and discuss any issues with Trust Associate. Keep manager apprised of performance.
- Monitor trust activity. Approve, coordinate and supervise the establishment of the account with the trust company including, coordination and monitoring of transferred assets, correct statement recipients, collecting cost basis information, approving account on system, approving fee schedule set-up, etc. Review daily account activity. Establish recurring bill payments and client disbursements. Keep client and FA apprised of any unusual activity in the account. Monitor the yearly gift from the client to insurance trusts for payment of premiums. Revalue charitable trusts on an annual basis to ensure payments are going to the beneficiaries per the trust provisions.
- Bachelor's degree in business or related field required; JD or MBA preferred.
- 10 years' experience in Personal Trust Administration or Estate Planning required.
- CTFA or CFP required; CPA desired.
- Understand and comply with all regulations, including the Community Reinvestment Act, Bank Secrecy Act, Fair Credit Reporting Act, etc.
- Ability to use logic and reasoning to identify complex problems; review related information and develop options and implement solutions. Ability to assess liability and react appropriately and promptly.
- Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
- Ability to use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Ability to lead a group of professional level employees. Ability to inspire and motivate others to perform at their best.
- Proficient in Microsoft Excel, Word, PowerPoint, Outlook
Established in 1890, Stifel is one of the nation's leading full-service wealth management and investment banking firms. Stifel serves clients from more than 400 offices across the United States and ranks as the nation's seventh largest full-service investment firm in terms of number of financial advisors. We are also a leading provider of investment banking services to the middle market, a top-ten municipal bond underwriter, and home to one of the industry's largest research franchises. In addition our Stifel Bank subsidiary provides a comprehensive range of banking services.
At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.
The health and safety of our employees and candidates is very important to us. We continue to monitor the current public health situation and have adjusted our hiring procedures to include virtual recruiting tools that allow us to continue meeting new candidates. We look forward to “virtually” meeting you.
Stifel Bank is an affirmative action and equal opportunity employer. All candidates will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, veteran status, genetic information or any other protected characteristic under applicable law.
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