Job Description

Job Description

Job Description

Trust Officer

Bank of Pontiac is seeking professional, outgoing, Trust Officer. Bank of Pontiac opened its doors for business in 1947. We are a strong community bank offering a variety of financial services to both individuals and businesses in Livingston, Grundy, McLean, and Tazewell Counties and surrounding communities. We believe in serving and reinvesting in our communities by supporting local schools, churches, clubs, and organizations. At Bank of Pontiac, we believe that “Together We’re Better.”

Key Objective

The Bank Trust Officer will provide clients with expert advice on trust and estate matters, creating and overseeing trusts under the terms of the governing trust documents.

Job Responsibilities

• Assists clients with formation of new trust accounts, providing advice concerning types of trusts and arrangements that are best suited for the situation.
• Collaborates with client’s attorney to draft legal documents specifying trust and estate provisions, duration, and other matters.
• Collaborates with the bank’s investment analysts to choose appropriate investments based on long-term financial goals and the best interests of the beneficiaries; ensures that fiduciary judgment is followed in investment of the trust.
• Facilitates the process of transferring funds and assets to corpus of trust.
• Collects income or proceeds from sales of assets and deposits funds in trust accounts.
• Facilitates payment of debts, liquidation of liabilities, and disbursement of funds as needed by the beneficiaries and conditions of the trust.
• Prepares and reports financial accountings for grantor, beneficiaries, executors, and/or courts as required by specific provisions of a trust agreement.
• Prepares, files, and pays, or oversees preparation and payment of applicable state and federal taxes for the trust.
• Promotes the bank’s trust services to clients, community members, and business associates.
• Acts as personal financial advisor when specified by the guidelines of the trust agreement.
• Performs other related duties as assigned.

Requirements:

• Excellent verbal and written communication skills.
• Thorough understanding of tax law, investments, financial planning, and financial ethics.
• Ability to identify appropriate options for clients in terms of investment and liquidation.
• Ability to maintain confidentiality.
• Excellent mathematical ability.
• Ability to maintain tact, composure, and professionalism when situations become stressful.

Education and Experience:

• Bachelor’s degree in Banking, Finance, Accounting, or related field required.
• At least three years of experience with a bank, investment bank, law firm, or stock brokerage.
• Willing to take Cannon Trust Schooling

Physical Requirements:

• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times.
• Must be able to travel to meet with clients at times.

This is a full-time position located in our Pontiac office. The position offers a competitive salary to include a full benefits package offering of health, dental, vision, life insurance, 401k, pension, and generous paid time off.

At Bank of Pontiac, we believe that diversity fuels innovation. Bank of Pontiac is committed to equal opportunity employment and diversity in the workplace.

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