Location: Louisville,KY, USA
As a Fiduciary Support Officer, you will be responsible for the coordinated delivery of processes specific to the administration of trust accounts in Wealth Management & Trust to ensure adherence to regulations and state specific statutes.
Responsibilities
* Support the coordinated delivery of processes specific to fiduciary accounts, including but not limited to:
* Onboarding of new fiduciary accounts (acceptance, opening, initial review, required notice letters)
* Coordinating the termination and distribution process for fiduciary accounts (termination, required notice letters, distribution schedules, coordination with Successor Trustee as appropriate)
* Monitoring and preparation of required notice letters to qualified beneficiaries at age of majority
* Responsible for completing periodic account reviews by reviewing governing instrument to ensure that appropriate ticklers and distributions are set up, appropriate parties are receiving statements, system coding is complete/accurate, and necessary documentation is on file
* Preparation of court accountings for guardian/conservator accounts
* Calculation of annual 5x5, unitrust, and total return distributions
* Coordination of post-death process for deceased clients/beneficiaries
* Review and maintenance of Future Business Files
* Review of new accounts to ensure proper forms and documentation are on file
* Processing of acceptance and termination paperwork subsequent to approval of TATC
* Processing of encroachment paperwork subsequent to approval of FOC
Job Requirements
The successful candidate will have the following qualifications:
* BA/BS degree in accounting or a related business field or equivalent work experience
* 5 years of banking and/or wealth management experience
* Employees are expected to represent Stock Yards Bank & Trust in a professional manner to customers and outside contacts.
* Employees must have excellent interpersonal communication skills, consisting of the ability to write and speak effectively to others.
* Employees must be a productive team player, with the ability to learn, apply training and comprehend policies and procedures.
* Employees should also be flexible to changing working situations and able to meet deadlines as they arise
* Ability to work independently in a fast-paced, deadline-driven environment
* Ability to multi-task and prioritize work to meet deadlines and time budgets
* Ability to maintain discretion, independence, and objectivity
* Ability to build trust and develop positive working relationships with all levels of management and staff
* Consistently self-motivated and dependable
* Ability to take ownership of assigned tasks and produce quality work
* Strong analytical skills with the ability to summarize information, identify trends, and reach conclusions
Benefits
* 401(k) with a company match of up to 6%
* ESOP employer match
* Medical insurance
* Dental insurance
* Vision insurance
* Cancer / Disease insurance
* Accident insurance
* Flexible Spending Accounts
* Health Savings Accounts
* Bank paid Life / AD& D insurance
* Voluntary Life / AD&D insurance
* Bank paid Short-Term and Long-Term Disability insurance
* Employee Stock Purchase Plan
* Employee Assistance Program
Physical Requirements
The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the functions of this job, the employee will continually communicate with coworkers or customers. The employee will constantly position themselves to sit or stand, and occasionally move around the office to access filing cabinets or office machinery. The employee will constantly operate a computer, using repetitive movements of hands and fingers, and other office productivity machinery, such as a calculator, copy machinery, and computer printer. The employee will frequently identify, observe and assess materials and information, visually or otherwise. The employee will frequently be required to lift or carry up to 10 pounds, and occasionally be required to lift or carry 11 - 50 pounds, with assistance if needed.
Employees must also have the ability and means to travel as necessary for the purpose of attending training, meetings, and other various business functions.