Hybrid Sr Trust Officer chez Eastern Bank Corp
Eastern Bank Corp · Manchester, États-Unis d'Amérique · Hybrid
- Professional
- Bureau à Manchester
MAJOR RESPONSIBILITIES:
Cambridge Trust – A Division of Eastern Bank is hiring a Senior Trust Officer in NH
In accordance with Bank’s policies and procedures, as well as applicable federal and state laws, rules, and regulations:
Review and approval of new trust and estate accounts.
Provide advice and guidance on trust and estate matters.
Strong judgment and ethical standards are needed to make independent decisions.
Team focus working with Wealth Management colleagues, partners, and senior leaders to build relationships, provide support, and help to move business forward.
Strengthens and reinforces CTC’s role as trusted advisor providing client-centered advice and guidance.
MAJOR RESPONSIBILITIES:
- Responsible for administering book of business, including completion of internal administrative reviews, working with business partners, following Bank policies and procedures, and meeting the Bank’s client service standards.
- Engages with other lines of business within Bank to fully serve clients’ financial needs.
- Participates in required annual administrative reviews of accounts.
- Fiduciary account guidance and expertise:
- Review Bank’s fiduciary acceptance of new irrevocable trust accounts and estates.
- Review administrative matters regarding trust and estate administration, including, but not limited to, death of a beneficiary, account termination, unitrust calculations, or court action.
- Completes document reviews for trust and estate accounts, including amendments and restatements, nonjudicial settlement agreements, decanting trusts, and court modifications.
- Periodically works with outside trust counsel on trust and estate matters.
- Serves as a voting member of Trust Administration Committee (TAC) reviewing discretionary actions where Bank is serving as a trustee.
- Knowledge of applicable state laws, rules, and regulations, including relevant tax and banking rules and regulations. Assists with business development opportunities specific to trust and estate settlement.
PROBLEM SOLVING & DECISION MAKING:
In accordance with Bank’s policies and procedures, as well as applicable federal and state laws, rules, and regulations:
- Review and approval of new trust and estate accounts.
- Provide advice and guidance on trust and estate matters.
- Strong judgment and ethical standards are needed to make independent decisions.
- Team focus working with Wealth Management colleagues, partners, and senior leaders to build relationships, provide support, and help to move business forward.
- Strengthens and reinforces Cambridge Trust's role as trusted advisor providing client-centered advice and guidance.
- Responsible for administering book of business, including completion of internal administrative reviews, working with business partners, following Bank policies and procedures, and meeting the Bank’s client service standards.
- Engages with other lines of business within Bank to fully serve clients’ financial needs.
- Participates in required annual administrative reviews of accounts.
- Fiduciary account guidance and expertise:
- Review Bank’s fiduciary acceptance of new irrevocable trust accounts and estates.
- Review administrative matters regarding trust and estate administration, including, but not limited to, death of a beneficiary, account termination, unitrust calculations, or court action.
- Completes document reviews for trust and estate accounts, including amendments and restatements, nonjudicial settlement agreements, decanting trusts, and court modifications.
- Periodically works with outside trust counsel on trust and estate matters.
- Serves as a voting member of Trust Administration Committee (TAC) reviewing discretionary actions where Bank is serving as a trustee.
Knowledge of applicable state laws, rules, and regulations, including relevant tax and banking rules and regulations. Assists with business development opportunities specific to trust and estate settlement.
In accordance with Bank’s policies and procedures, as well as applicable federal and state laws, rules, and regulations:
Review and approval of new trust and estate accounts.
Provide advice and guidance on trust and estate matters.
Strong judgment and ethical standards are needed to make independent decisions.
Team focus working with Wealth Management colleagues, partners, and senior leaders to build relationships, provide support, and help to move business forward.
Strengthens and reinforces CTC’s role as trusted advisor providing client-centered advice and guidance.
REQUIREMENTS:
Minimum 5 years of experience in Wealth Management, Estate Planning, and/or Trust and Estate Administration. High ethical standards and excellent judgment
Excellent organization, communication, and client service skills.
- Ability to prioritize, juggle a variety of tasks, operate independently, pay attention to detail, and interact with staff at all levels.
- Positive attitude, team player, and willingness to accept new assignments and pitch-in.
- Self-motivated with ability to work independently and as a member of a larger team.
- Valid driver’s license.
Education:
Bachelor’s Degree in pre-law, business, finance, or equivalent education.
Bachelor and Law Degrees required.
Certified Trust & Financial Advisor (CTFA) and/or Trust School desirable, but not required.
Licensed to practice in at least one state, New Hampshire, Maine, and/or Massachusetts
- Strong computer skills, including office software such as word processing, spreadsheet, and presentation applications.
