Trust Specialist

Location: Clearwater
Posted on: November 20, 2024

Job Description:

GENERAL FUNCTION:

.Partner with the Senior Trust Officers and Trust Officers in every aspect of servicing their client base to ensure greater client satisfaction, client retention and growth, and compliance with all policies and procedures governing fiduciaryrelationships.Primary responsibility for the fiduciary team''s interface with the trust accounting system, the IA Workflow System, the Unique Assets Team and all trust operations functions

DUTIES AND RESPONSIBILITIES:

.Client Service

Partner with a Trust Officer to service his/her clients

Frequent direct communication with clients

Support the Trust Officer to administer multigenerational trusts, often with discretionary income and principal payments distributed among multiple family members, while managing financial risk

Partner with the Trust Officer to retain client base by working with the client service team and partnering with internal and external service providers to optimize effectiveness and efficiency in achieving the highest client service standards

Partner with the Trust Officer to resolve client issues

Ensure a smooth transition as the client moves among service models

.Account Administration

Assist with the completion of annual administrative account reviews

Provide necessary maintenance/interface for trust accounting system

Review and ensure the quality of the daily account activity in the IA Workflow System

Ensure compliance and proper documentation requirements are met, consistent with internal fiduciary policies and procedures regarding business acceptance, discretionary actions, and all other bank policies, procedures and guidelines

Work closely with the Trust Officer and Trust Tax Accountants to ensure proper tax reporting

Work with IASC to open and close accounts; process additions to and distributions from accounts

Frequent interaction with various operations teams within the Bank

.Sales

Partner with the Trust Officer on client sales calls

Prepare marketing proposals and materials

Participate in the Life360 Process to identify and provide appropriate products, services, and cross-selling opportunities

Demonstrate client contact and relationship management skills

Utilize and ensure prospect/client information is appropriately entered, updated, and managed in the CRM tracking system

.Other

Demonstrate a sense of urgency for client service and completion of projects/tasks

Demonstrate sound decision-making skills, including balancing business risk to Fifth Third Bank with client interests

Work with multiple managers and balance competing priorities

Champion the Bancorp Vision and Core Values through personal actions

Recommend enhancements to policies and procedures

Develop a working knowledge of current trends and changes in the industry with regard to fiduciary matters (e.g. estate planning, probate, estate, gift and income tax planning, guardianships, special needs trusts, state-specific law)

.Supervisory Responsibilities: None

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