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Trust Officer
WesBanco
Wheeling, WV, United States
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Requirements
Bachelor's Degree.
Juris Doctorate, Accounting or Business Administration background preferred.
Professional designations (CTFA or CFA) preferred, but not required.
Three to five years of experience in Trust Administration preferred, but not required.
Job Description
JOB SUMMARY:
Trust officers administer and manage trust accounts and ensure that such administration is in compliance with federal and state laws as well as internal procedures. A Trust Officer must have an interest and understanding of basic estate and trust administration procedures as well as a general understanding of investments and Modern Portfolio Theory. Trust Officers must also have good people skills and represent the Bank in a professional manner with existing clients and new prospective clients. Trust Officers have new business and business retention goals consistent with their specific duties and account loads.
CUSTOMER SERVICE SKILLS:
Willingness to provide a level of service which will clearly differentiate us from our competitors.
INTERPERSONAL SKILLS:
Professional demeanor in appearance, interpersonal relations, work ethic and attitude.
Possess clear, concise, effective written and oral communication skills to effectively express thoughts, ideas and concepts to bank employees and bank customers.
Ability to interact effectively with professionals: attorneys, accountants, etc.
OFFICE SKILLS:
Ability to perform general clerical duties and operate various department equipment.
Knowledge and ability to use computer terminal/Microsoft Office products to accomplish work responsibilities.
Ability to work under pressure.
Must be willing to work as part of a team.
Must have strong organizational skills and the ability to handle detail oriented work.
Ability to work within time frames and meet deadlines.
Must possess solid analytical and problem solving skills.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
While a law degree is not required, a Trust Officer must be able to read legal agreements and understand trust law and tax law as it relates to clients needs and within the scope of training provided by the Bank. Significant prior legal, accounting or trust and estate administration experience is helpful as it reduces the need for mentorship and speeds the assumption of a significant and more complex account load.
A Trust Officer will oversee many financial responsibilities for their clients and must have an interest and understanding of the various aspects of personal taxation, investments, financial planning, accounting and insurance.
A Trust Officer must be suited to deal with the emotional elements attached to money. Clients and their needs must be managed effectively to ensure their comfort and understanding of the process used by the Bank to ensure prudent accumulation, investment, protection and usage of trust assets.
Actively seek to develop/retain trust business from account assignments.
Administer a full and varied account load which may be less sensitive than that assigned a senior officer.
Expected to operate with moderate independence and solve problems/resolve complaints within established policies/procedures.
Operate in a team environment with capability to provide coverage for other team members.
OTHER REQUIREMENTS:
Banking is a highly regulated industry and you will be expected to acquire and maintain a proficiency in the bank's policies and procedures, and adhere to all laws, rules and regulations that are applicable to your conduct and the work you will be performing. You will also be expected to complete all assigned compliance training in a timely manner.
Ability to work some Saturday mornings in tax season if necessary.
High interest level in finance, investing, accounting, and estate planning.