Wealth Management Officer
hace 23 horas
Portage
Job DescriptionOrganizational Expectations Of Employee: Adhere to organizational policies and procedures; act as a leader within and outside the organization; perform duties as workload necessitates; maintain a positive and respectful attitude; communicate regularly with supervisor about department issues; demonstrate flexible and efficient time management and an ability to prioritize workload; consistently report to work on time prepared to perform duties of position; meet or exceed department productivity standards; maintain confidentiality in reference to the Bank and its business, as well as the affairs of bank customers; attend and participate in staff, department, and other meetings, as required. Position Summary: Administers trust, conservatorship, estate, agency, and retirement plan accounts, assists in operational areas within the department, solicits new business and performs any necessary Bank training; oversees Bank stock transfer and dividend payment functions. All other duties and responsibilities as assigned. Supervisory Responsibilities: Yes Essential Duties and Responsibilities: • Where the Bank is named Personal Representative, ensures that the Will is probated, assets are marshaled, an inventory is filed with the court, and estate administration duties are carried out., • Handles correspondence in connection with any account relationship, including personal trust matters., • Maintains communication with beneficiaries of respective personal trusts., • Assists public accounting firms, the FDIC and OFIR, and external auditors during their examinations of the Trust Department., • Maintains contact with members of the legal, accounting, and other professions to identify new business prospects., • Ensures that financial or other required reports are prepared to ensure grantors, beneficiaries, and the Probate Court are provided with timely financial information., • Ensures that income and other required tax returns are prepared and filed when due. Ensures timely payment of individual estimated taxes., • Is responsible for administration of retirement plan accounts., • Assists in reviewing the trust accounting system and other operation software that is utilized., • Attends educational seminars to stay current on trust operations, trust administration, retirement plan changes, etc., as needed., • Responsible for tax reporting for the department., • Responsible for specific client accounts including annual administrative review, meetings with clients and keeping file documentation current., • Member of the Trust Administration and Investment Committee and participates in Directors Trust Committee meetings., • Responsible for setting up investment review reports for Trust Administration and Investment Committee and Directors Trust Committee meetings., • Works with the Senior Investment Officer on the investment portfolios of personal trust or other accounts., • Actively solicits new business prospects; makes sales and/or new business calls., • Reviews and places security orders from custodial customers., • Assists shareholders and works with AST on stock transfer and dividends for Southern Michigan Bancorp., • Maintains effective communications with other bank officers and new accounts personnel to promote referral of trust customers., • Maintains communication with the professional community to identify new business prospects., • Physical Demands, • Regularly sit for long periods of time, walk, bend over, stoop, and kneel., • Regularly use hands and fingers to handle objects, operate equipment such as 10-key pad, calculator, copier, PC keyboard and mouse., • Occasionally use hands and arms to reach, lift, move, carry, pull, and push files/objects up to 20 pounds while sitting, standing, climbing or walking., • Regularly use eyesight for close vision, distance vision, color vision, depth perception, and the ability to focus., • Regularly use the sense of hearing., • Regularly speak clearly using the English language., • Work Environment, • Standard office environment., • Exposed to temperature conditions common at the time., • Associate's degree in business or finance desirable, • Three to five years of trust experience with additional trust education, prior banking experience, and/or financial planning experience., • Effective interpersonal and communication (written and verbal) skills. Regularly communicate with clients, management, realtors, attorneys, accountants, and appraisers. Must be able to deal with attorneys, realtors, appraisers, and accountants with both integrity and assertiveness., • Excellent verbal and written communication skills as it relates to communicating with clients and professionals through routine reports and composition of original correspondence., • Ability to read and interpret technical documents and federal regulations., • Ability to speak effectively with groups of clients, prospects, and professionals., • Thorough knowledge of the banking industry., • Knowledge of federal and state trust regulations and rules and the ability to stay abreast of changes or modifications thereof., • Strong analytical, problem-solving, research, interpretive, and decision-making skills to identify, evaluate, and resolve issues/cases; interpret data to provide solutions., • Proficient computer skills (i.e., Microsoft Word, Excel, Outlook, any other software, etc.)., • Professional demeanor and interaction with all customers (internal and external) and a proactive team attitude., • Ability to work effectively in a team-oriented environment as well as independently., • Ability to pay attention to detail while handling a high volume of work with multiple interruptions., • Ability to work under minimal supervision, take initiative, problem-solve, work under time-sensitive deadlines, and handle multiple projects at once. Excellent time management, organization, and project management skills., • Any equivalent combination of education, experience, and training that provides the required knowledge, skills, and abilities. This job description describes the scope of the responsibility and essential functions of this position but should not be considered to be an all-inclusive listing of work requirements. Individuals may perform other duties as assigned including work in other areas to cover absences or relief to equalize peak work periods or otherwise balance the workload. This job description does not create an employment contract, implied or otherwise, other than an "at-will" working relationship.