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Fiduciary Support Specialist
4 weeks ago
As a Fiduciary Support Officer at Stock Yards Bank & Trust, you will play a crucial role in ensuring the coordinated delivery of processes specific to the administration of trust accounts in Wealth Management & Trust. Your primary responsibility will be to ensure adherence to regulations and state-specific statutes.
Key Responsibilities:- Onboarding of New Fiduciary Accounts: You will be responsible for the acceptance, opening, initial review, and required notice letters for new fiduciary accounts.
- Termination and Distribution Process: You will coordinate the termination and distribution process for fiduciary accounts, including termination, required notice letters, distribution schedules, and coordination with the Successor Trustee as appropriate.
- Monitoring and Preparation of Required Notice Letters: You will monitor and prepare required notice letters to qualified beneficiaries at the age of majority.
- Account Reviews: You will be responsible for completing periodic account reviews by reviewing the governing instrument to ensure that appropriate ticklers and distributions are set up, appropriate parties are receiving statements, system coding is complete and accurate, and necessary documentation is on file.
- Court Accountings: You will prepare court accountings for guardian/conservator accounts.
- Distribution Calculations: You will calculate annual 5x5, unitrust, and total return distributions.
- Post-Death Process: You will coordinate the post-death process for deceased clients/beneficiaries.
- Future Business Files: You will review and maintain Future Business Files.
- Account Processing: You will review new accounts to ensure proper forms and documentation are on file, process acceptance and termination paperwork subsequent to approval of TATC, and process encroachment paperwork subsequent to approval of FOC.
- Education: BA/BS degree in accounting or a related business field or equivalent work experience.
- Experience: 5 years of banking and/or wealth management experience.
- Skills: Excellent interpersonal communication skills, ability to write and speak effectively to others, ability to work independently in a fast-paced, deadline-driven environment, ability to multi-task and prioritize work to meet deadlines and time budgets, ability to maintain discretion, independence, and objectivity, ability to build trust and develop positive working relationships with all levels of management and staff, consistently self-motivated and dependable, ability to take ownership of assigned tasks and produce quality work, strong analytical skills with the ability to summarize information, identify trends, and reach conclusions.
- 401(k) Plan: With a company match of up to 6%.
- Medical Insurance: Comprehensive medical insurance coverage.
- Dental Insurance: Dental insurance coverage.
- Vision Insurance: Vision insurance coverage.
- Cancer/Disease Insurance: Cancer/disease insurance coverage.
- Accident Insurance: Accident insurance coverage.
- Flexible Spending Accounts: Flexible spending accounts for medical and dependent care expenses.
- Health Savings Accounts: Health savings accounts for medical expenses.
- Life/AD&D Insurance: Bank-paid life and accidental death and dismemberment insurance.
- Voluntary Life/AD&D Insurance: Voluntary life and accidental death and dismemberment insurance.
- Short-Term and Long-Term Disability Insurance: Bank-paid short-term and long-term disability insurance.
- Employee Stock Purchase Plan: Employee stock purchase plan.
- Employee Assistance Program: Employee assistance program for employee well-being and support.