Trust Account Admin
Start a career with First National Bank Alaska, the *Best Place to Work in Alaska* as recognized 11 years in a row by Alaska Business magazine readers.
GENERAL PURPOSE SUMMARY
Develops and maintains trust and other investment management relationships and administers complex trust and other fiduciary accounts by performing the following essential duties and responsibilities:
ESSENTIAL DUTIES AND RESPONSIBILITIES
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Manages complex trust and other fiduciary accounts and ensures compliance with Trust Department policies, procedures, and all applicable regulations, statutes, and legal precedents.
- Acquires, expands and retains customer relationships by identifying banking opportunities, strategizing proactive business development activities, cultivating referral networks, and focusing on viable target markets.
- Reviews investment opportunities, calculates cash flow projections with regard to investment earnings, and formulates recommendations to rebalance investments based on criteria established for the account by the client and Trust Committee; manages account investments and their appropriateness in conjunction with Investment Officer by looking at composition and performance.
- Effects requests for distribution to beneficiaries as directed by the enabling document or Trust Committee.
- Regularly executes all the activities set forth in the bank’s Business Development Program, including scheduling proactive meetings with customers, prospective customers and Centers of Influence (COIs), tracking and reporting calls and pipeline details, participating in bank-sponsored events designed to strengthen customer relationships and networks, and engaging in relevant community organizations and events.
- Represents the Trust Department in the community and maintains business relationships with customers, attorneys, and beneficiaries relating to the management of trust account. Prepares investment and business development presentations, and writes technical proposals for presentation to bank customers, potential clients, or governmental entities. Manages challenging customers and works to build ongoing relationships.
- Analyzes the needs of existing and potential customers considering account profitability and other related factors to market the appropriate trust products/services; recommends to the Trust Committee approval/declination of trust relationships.
- Assists in training Trust Support Staff and provides guidance as needed.
- Keeps informed about the Trust industry, state statute changes, standards, best practices, trends and regulatory changes to ensure compliance with all applicable trust laws, rules, regulations, and practices.
- May perform the function of Portfolio Manager with the assistance of the Investment Officer, calculating the maturity, duration, and performance of portfolios, comparing to established benchmarks, and presenting reports of portfolio performance upon request.
- Performs other work-related duties as assigned by supervisor.
- Stay updated on relevant laws and regulations and complete all compliance training on time.
- Knowledgeable of and comply with bank policies, procedures, laws, and regulations that apply to you and your job.
- Maintain customer confidence and protect the bank’s operations by you and your delegates identifying and protecting confidential information.
QUALIFICATION REQUIREMENTS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
EDUCATION and/or EXPERIENCE:
Minimum: Bachelor’s degree in business, economics, accounting, finance or related field plus three years’ trust, financial industry, or related professional experience; or equivalent combination of education/training and experience
Preferred: Bachelor’s degree in business, economics, accounting, finance or related field plus four years progressively responsible trust, finance, or investment experience; or equivalent combination of education/training and experience. Experience managing involved processes; client relationship management experience.
OTHER SKILLS and ABILITIES:
Familiarity with legal terminology and working knowledge of sound fiduciary principles required; word processing and spreadsheet software experience required. Presentation software skills preferred..
LANGUAGE SKILLS:
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures or governmental regulations. Ability to write reports, business correspondence and procedure manuals. Ability to effectively present information and respond to questions from groups, management, clients, attorneys, and accountants..
MATHEMATICAL SKILLS:
Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
REASONING SKILLS:
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms. The employee is frequently required to talk and hear. The employee is occasionally required to stand; walk; stoop, kneel, crouch, or crawl.
The employee must occasionally lift and/or move up to 50 pounds. Specific vision ability required by this job includes close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
WORKING CONDITIONS
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
The noise level in the work environment is usually moderate.
Travel to local and out-of-town locations by automobile, airplane or boat may be required. Occasionally overnight travel is required.
