Fiduciary Management Professional

2 weeks ago


Denver, Colorado, United States First Western Full time
About the Role

We are seeking a highly skilled Fiduciary Officer I to join our team at First Western. As a key member of our trust operations team, you will play a vital role in helping our clients achieve their financial goals. Your expertise in investment and administration account review processes will ensure timely completion and adherence to governing documents, fiduciary administration principles, and legal standards.

In this role, you will have the opportunity to work closely with our Fiduciary Management team to deliver comprehensive solutions that exceed client expectations. You will also have the chance to develop your skills in policy and procedure design, training, and delivery to trust-related personnel. Additionally, you will actively engage in trust department-related audits and regulatory review exams, and lead resolution efforts for audit and exam findings and 'nFindings' items (as assigned).

Responsibilities:
  • Management of investment and administration account review process, ensuring that all account reviews are met in a timely manner and are consistent with governing documents, fiduciary administration principles and legal standards.
  • Reviews, approves and directs disbursement of fiduciary funds according to conditions of the trust and needs of beneficiaries as well as providing oversight of fiduciary accounts, cash balances, investment allocations, tax management, and asset holdings.
  • Support improved policy and procedure design, training, and delivery to trust related personnel
  • Actively engage in trust department related audits and regulatory review exams
  • Leads resolution efforts for audit and exam findings and 'nFindings' items (as assigned)
  • Oversees preparations and filing of fiduciary federal and state tax returns for clients' trusts.
  • Maintains current knowledge of and complies with all applicable tax and fiduciary laws, federal and state regulations and First Western policies and procedures.
  • Monitor and control risks related to account administration including review and approval of administrative and unique asset reviews in a timely manner.
  • Serves as resource for support teams and profit centers.
  • Consults with estate planning attorneys, accountants, wealth advisors and potential and existing clients to promote fiduciary and additional First Western product services.
  • Provides leadership to trust administration team by providing guidance to team on fiduciary matters and ensuring tasks are being completed, goals are being met and providing coaching and development opportunities.


Requirements:
  • Proficient with Microsoft Office Suite, with advanced Excel skills. Proficiency with one or more trust accounting systems.
  • Advanced knowledge of trust and tax laws, trust products, services, and operations
  • Excellent written and verbal communications skills
  • Strong presentation skills
  • Experience working with high net-worth clients
  • Excellent leadership and business development skills
  • Well-developed analytical and problem-solving skills.
  • Team-oriented, detail-oriented; ability to organize, prioritize and multi-task.


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