1st Source Bank · 2 months ago
Administrator II, Personal Trust, South Bend, IN
South Bend, Indiana, United States
Full-time
Onsite
Mid Level
3+ years exp1st Source Bank is seeking an Administrator II for their Personal Trust division. The role involves managing assigned accounts related to trusts, estates, or agencies, and requires interaction with customers, attorneys, and beneficiaries to ensure compliance and meet the needs of all parties involved.
BankingFinanceFinancial Services
Responsibilities
Manages assigned accounts in accordance with the terms of the nominating instrument and in a manner consistent with the needs of principals, beneficiaries, etc
Analyzes and studies nominating instruments
Arranges for the assembly, appraisal, evaluation, transfer and protection of assets of business interests
Sets up documentation of new accounts, determines the frequency and amount of payments, considers tax liabilities and arranges for accounting and distributions
Coordinates administrative functions with other areas and individuals, such as investment officers, estate analysis officers, attorneys, co-executors and others as required
Contacts or corresponds with persons, agencies and organizations who have an interest in any aspect of an account
Resolves problems brought by principals, beneficiaries, and others as needed
Makes court appearances at audits or other proceedings and deals with realtors, attorneys, agents and others for the acquisition, disposition or preservation of trust assets and related business
Advises senior officers and members of the trust investment committee on questions concerning the acceptability of trust positions and the proper use of income or principle for accounts being managed
Develops new business and advises or consults with other officers on details or proposed plans
Responsible for the supervision of assigned staff and exercises the usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, and terminations (if applicable)
Regular and predictable attendance is an essential requirement of the position
Responsible for the completion of all compliance training related to the position
Must understand all applicable laws and regulations that apply to the position and complies with the requirements
Qualification
Required
Manages assigned accounts in accordance with the terms of the nominating instrument and in a manner consistent with the needs of principals, beneficiaries, etc
Analyzes and studies nominating instruments
Arranges for the assembly, appraisal, evaluation, transfer and protection of assets of business interests
Sets up documentation of new accounts, determines the frequency and amount of payments, considers tax liabilities and arranges for accounting and distributions
Coordinates administrative functions with other areas and individuals, such as investment officers, estate analysis officers, attorneys, co-executors and others as required
Contacts or corresponds with persons, agencies and organizations who have an interest in any aspect of an account
Resolves problems brought by principals, beneficiaries, and others as needed
Makes court appearances at audits or other proceedings and deals with realtors, attorneys, agents and others for the acquisition, disposition or preservation of trust assets and related business
Advises senior officers and members of the trust investment committee on questions concerning the acceptability of trust positions and the proper use of income or principle for accounts being managed
Develops new business and advises or consults with other officers on details or proposed plans
Responsible for the supervision of assigned staff and exercises the usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, and terminations (if applicable)
Regular and predictable attendance is an essential requirement of the position
Responsible for the completion of all compliance training related to the position
Must understand all applicable laws and regulations that apply to the position and complies with the requirements
Good PC skills--proficiency in Word and Excel essential
Ability to be proactive, take initiative, and carefully monitor, follow through, and complete every project/responsibility
Good written and verbal communications skills
Highly motivated
Professional demeanor
Analytical and problem-solving skills with attention to detail
Strong relationship management skills
Preferred
Three (3) to five (5) years trust experience preferred
Bachelors Degree preferred
Company
1st Source Bank
1st Source has offered clients a convenient and friendly way to bank for over 150 years.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Andrea Short
President
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