Trust Officer

Milwaukee, WI

Posted: 04/02/2024 Employment Type: Direct Hire Industry: Finance

Job Description

Our client, a recognized and leading financial services company headquartered in the MKE market, is looking for a Trust Officer.  This individual will be responsible for the day-to-day management and administration for a wide variety of trust accounts, which may include Settlement, Special Needs, SAM Trusts, Directed Trusts and court supervised trusts, ensuring compliance with applicable laws, regulations, policies and procedures.

Are YOU able to interact professionally with clients; interact with beneficiaries, courts and other third party professionals at all times?   Do YOU have strong interest in acquiring knowledge in the Trust Administration business with a strong sense of confidentiality and ability to exercise sound judgment?

ARE YOU THE RIGHT CANDIDATE?   

RESPONSIBILITIES:

  • Thorough understanding of trust documents; trust accounting concepts; and tax reporting activities.
  • Respond promptly to client distribution requests and make distributions of cash and assets as required.
    • Process cash movements, including trust distributions and trust deposits.
  • Recommend portfolio realignments for discretionary accounts under the supervision of a Senior Trust Officer.
  • Understand the needs of and duties to the principals, income beneficiaries and remaindermen.
  • Professional advisor to trust beneficiaries, third party administrators and other service professionals
  • Comply with Trust Administration checklists related to opening and closing of accounts; and account reviews.
  • Oversee the completion of trust tax returns.
  • Complete annual account reviews as required by the South Dakota Division of Banking.
  • Handle 150-225 accounts with an average account size of $100,000- $1M with low to medium level of complexity.
  • Meet with Trust Committee, as necessary
    • Prepare appropriate presentations for Trust Committee review

 

Job Requirements

  • Minimum one (1) year of technical expertise in the area of settlement or directed trust administration.
  • Some travel required for business development opportunities.
  • Spanish speaking is a plus.
  • Undergraduate degree.
  • Trust and estate or financial background.

Meet Your Recruiter

Nicole Mortell, CPC
Partner, Vice President of Sales

Nicole earned her Bachelor of Arts from UW-Oshkosh and began her staffing career shortly after graduation.  Quickly, Nicole found her passion rising to top producer year after year and from there in 2006 she became one of the founding Partners of AllianceStaff.  Today as Partner and VP of Sales and Marketing, she remains on the front lines of recruitment and client management, while simultaneously fostering the growth of AllianceStaff by identifying key business development opportunities and training team members to develop their own desks. Nicole partners with companies across a wide range of industries to understand their hiring needs and to help them build the best possible teams.  She has been recruiting in Milwaukee for over 15 years and has developed a unique insight into the hiring needs of the local market. She creates strong business relationships, many of which turn into long-term friendships, attesting to the loyalty she has with her clients and candidates. She listens.  She asks questions. And she understands that a great talent match never needs to be sold.  Nicole intuitively knows when she’s found the right match, and her long track record of successful placements proves her skill.

In her free time you can find Nicole on the soccer field watching her twin boys play in rain, sleet or snow (true soccer mom!!), staying on top of fitness trends, checking out a new restaurant with her girlfriends, traveling with her husband Tom or snuggling with her baby girl Mariah (Australian miniature Labradoodle.)

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