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Job Title: Trust Officer
Location: Cass County, IL
Reports To: Bank President
Employment Type: Full-Time
Position Overview:
We are seeking an experienced and detail-oriented Trust Officer to oversee and manage our established trust portfolio and dedicated trust department staff. This role is responsible for the administration of personal trusts, estates, investment agency accounts, and IRAs, ensuring compliance with fiduciary regulations and internal policies.
Key Responsibilities:
- Administer an existing portfolio of trust and estate accounts in accordance with applicable laws and fiduciary standards.
- Oversee day-to-day operations of the trust department, including managing and mentoring support staff.
- Ensure the accurate and timely execution of account activities such as distributions, asset transfers, tax reporting, and statement processing.
- Serve as the primary point of contact for clients, beneficiaries, attorneys, accountants, and other professionals.
- Maintain thorough and organized documentation in accordance with internal procedures and regulatory requirements.
- Collaborate with internal departments (e.g., legal, compliance, operations) to ensure smooth account management and risk mitigation.
- Participate in trust committee meetings and contribute to the strategic development of trust services.
- Stay up to date on trust laws, tax regulations, and fiduciary standards.
Qualifications:
- Minimum 5 years of experience in trust administration, preferably in a community bank or regional institution.
- Strong working knowledge of trust and estate law, fiduciary principles, and regulatory requirements.
- Comfortable with the administrative responsibilities of trust management.
- Experience supervising or mentoring staff is preferred.
- Excellent communication and interpersonal skills.
- Professional designations (CTFA, CFP, JD, or CPA) are a plus but not required.
- Bachelor's degree in finance, accounting, business, or a related field.
Salary : $90,000 - $110,000
