Trust Officer

4 weeks ago


Mount Vernon, New York, United States Orange County Trust Company Full time
Job Summary:

Orange County Trust Company seeks a skilled Trust Officer to manage and administer assigned accounts, including Estates, Trusts, Special Needs Trusts, and Agency accounts. The ideal candidate will possess a strong understanding of fiduciary knowledge and be able to make sound decisions in the administration of these accounts.

Key Responsibilities:

1. Manage a book of accounts and perform day-to-day administrative duties associated with these accounts. Demonstrate a high level of fiduciary knowledge through accurate administration and sound decision-making.

2. Collaborate with attorneys, accountants, beneficiaries, and co-fiduciaries in the administration of Trusts/Estates, adhering to the terms governing legal instruments and Court Orders to mitigate fiduciary risk.

3. Review and discuss discretionary payment requests with Trust beneficiaries and Co-Fiduciaries in accordance with the terms and standards in the governing legal instruments. Provide evaluation and recommendation for discretionary action and obtain the appropriate approval or non-approval of the same.

4. Review all assigned accounts once per calendar year as per assigned Trust Administrative Committee (TAC) schedule and complete the review on the Fitek portal for presentation at the monthly TAC meeting.

5. Cultivate and manage new business referrals received from Bank colleagues and area-professionals. Record activities in SalesForce.

6. Regularly engage in new business activities as directed by Trust Services Director or Department Manager to meet annual business development and calling goals. Record activities in SalesForce.

7. Proactively communicate and meet with existing clients on a regular basis to continuously evaluate their needs and deliver high-quality service. Record all meetings and contacts of substance in SalesForce.

8. Continuously build and grow their own Centers of Influence (COI) network.

9. Serve as the representative of the Trust Division in the market, including attendance at community events, seminars, and professional networking events.

10. Maintain awareness of products and services offered by the Trust Division, the Bank, and HVIA. Make presentations to Bank staff, clients, and professional advisors as required.

11. Monitor real estate held in fiduciary accounts, verifying that taxes are paid, insurance is in place, and minimizing risks associated with such assets. In responsible charge of engineering site inspections, coordinating appraisals, and 'phase-one' engineering.

Requirements:

1. Bachelor Degree or higher.

2. Five to 10 years of experience as a Trust Officer or a practicing attorney.

3. Certified Trust Fiduciary Advisor (CTFA) is desired but not required.

Work Environment:

1. Professional office environment.

Physical Demands:

1. Frequently required to sit for prolonged periods.

2. Normal range of vision, speech, and hearing abilities required.

3. Mobility required for greeting and assisting clients, prospective clients, and COIs.

4. Skillfully operate a computer, telephone, and other standard office equipment.

5. Travel to Bank, client, prospective client, and COI. Lift and/or move up to 20 pounds.

Equal Employment Opportunity:

Orange County Trust Company is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of age, sex, sexual orientation, race, color, creed, religion, ethnicity, national origin, alienage or citizenship, disability, marital status, military or veteran status, or any other legally-recognized protected basis under federal, state, or local laws, regulations, or ordinances. Upon request, individuals with disabilities may be entitled to a reasonable accommodation. A reasonable accommodation is a change in the way things are normally done that will ensure an equal employment opportunity without imposing an undue hardship on the bank. Please inform the Human Resources Department if you need assistance completing any forms or to otherwise participate in the application process or, at the appropriate time, to perform the essential functions of the job. This job description in no way states or implies that these are the only duties to be performed by an employee. Additional functions and requirements may be assigned by supervisors as deemed appropriate, based on the employee's knowledge, skill, and ability as well as his/her mental and physical abilities.

Salary:

Minimum Salary: 96,000

Maximum Salary: 120,000

Salary Unit:

Yearly
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