Personal Trust Administrator II, Indianapolis, IN

at  1st Source Bank

POSITION SUMMARY

Responsible for the administration of assigned accounts, specializing in one of the following areas: trusts, estates or agencies; represents the company in business activities and contacts with customers, attorneys, and beneficiaries relating to these accounts.

ESSENTIAL REQUIREMENTS

• 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).
• 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.

EXPERIENCE/SKILLS

• Three (3) to five (5) years trust experience preferred.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.

EDUCATION

Bachelors Degree preferred.

TRAVEL REQUIREMENTS

Ability to travel as needed for meetings, projects, seminars, etc.

Performs all other duties as assigned.