Trust Officer jobs in New Bedford, MA

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Estate Settlement & Trust Termination Officer
  • Rockland Trust
  • Hyannis, MA FULL_TIME
  • Administer estates, manage and settle administrative trusts, and administer closing process for all estate and personal trust accounts, including but not limited to, testamentary and intervivos trusts, charitable trusts, life insurance trusts, special needs trusts, and other agency accounts. Work with estate and trust beneficiaries, accountants, and attorneys and partner with internal colleagues in tax, operations, administration, investments, and retail to ensure accurate and timely tax payments, estate and trust termination fees, and delivery of assets.


    Job Responsibilities:

    • Administer fiduciary accounts and interpret fiduciary documents in accordance with applicable laws, regulations and governing documents.
    • Facilitate onboarding of new estates and transition of closing trust accounts working closely with relationship managers.
    • Engage with and provide a high level of communication to beneficiaries with a focus on client satisfaction and asset retention, as appropriate.
    • Engage with and provide guidance to internal colleagues, including but not limited to, portfolio managers, relationship managers and other bank colleagues regarding the estate settlement and trust termination process to ensure seamless information flow and achieve settlement goals.
    • Collaborate, build, and maintain strong relationships with external business partners, including accountants and attorneys.
    • Maintain appropriate estate calendars and checklists, and marshal, inventory, and facilitate appraisal of assets and report to the Fiduciary Acceptance Committee as required.
    • Interface with internal tax officer to determine final tax reserve and fiduciary income and estate tax payments. Calculate appropriate settlement reserves and pay settlement expenses.
    • Facilitate retitling of various specialized assets including real estate, partnership interests, etc.
    • Review and prepare trust & probate accountings, receipt, release and indemnification agreements. Confirm distribution instructions, initiate, and oversee asset transfers and cash distributions.
    • Oversee administrative review of closing trust accounts. Check files for correct forms, codes, and review payments and transactions for accuracy. Review trust document to ensure documents are in compliance.
    • Support reporting requirements to the Trust Administrative Committee including timely and accurate reporting on the real estate and estate matrix, and estate and termination fee matrix.
    • Work closely with senior fiduciary officers regarding situations requiring the use of fiduciary discretion as appropriate.
    • Work with appropriate colleagues regarding liquidation and investment strategies for various fiduciary accounts.
    • Comply fully with all bank policies and procedures as well as all regulatory requirements.
    • Maintain all appropriate training and continuing education requirements and external licenses and certifications as applicable.
    • Strategically work with internal colleagues to develop new business opportunities from closing trust and estate accounts.

    Candidate Qualifications

    • Bachelor's Degree
    • Minimum of 5 years' experience in a financial or legal services organization
    • JD, LLM or other legal designation/degree preferred
    • Completion of Trust Certificate and/or CTFA preferred
    • Strong oral and written communication skills are required
    • Excellent interpersonal skills with the ability to interact effectively with all levels of personnel, clients, and outside professionals
    • Familiarity with MA and RI probate requirements and estate and income taxation
    • Strong organizational skills & ability to work on multiple tasks/projects simultaneously
    • Must be familiar with trust accounting systems

    Our goal is to offer our colleagues the most generous benefits package possible. We strive to provide colleagues with a comprehensive benefits package and an environment that supports a healthy work-life balance. Benefits include: Competitive compensation with performance incentive awards, Health Insurance, Dental Insurance, a 401K and DC Plan for your retirement, LTD & Life Insurance, Day Care Reimbursement, Tuition Assistance for graduate and undergraduate programs, an award winning Wellness program and much more!

    At Rockland Trust you'll find a respectful and inclusive environment where everyone is given the chance to succeed. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, disability status, protected veteran status, or any other characteristic protected by law.

    Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.



    "Rockland Trust is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, disability status, protected veteran status, or any other characteristic protected by law. We recognize that in competitive financial services markets, employees make the difference between an ordinary company and an excellent one. Employees come to Rockland Trust with different backgrounds and experiences. These differences together can result in greater creativity, better insights, and improved decision-making, all vital to Rockland Trust's success in the New England marketplace.




    If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process, or are limited in the ability or unable to access or use this online application process and need an alternative method for applying, you may contact 781.982.6198 or email Careers@RocklandTrust.com for assistance. "


     

  • 1 Day Ago

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Part Time Banker I Somerset Branch
  • Rockland Trust
  • Somerset, MA PART_TIME
  • As a Banker at Rockland Trust, you are a key player in the Retail Branch setting, providing exceptional customer service and expert financial guidance to our clients. Each day, you will use your broad...
  • 1 Day Ago

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Relationship Manager - IMG
  • Rockland Trust
  • Hyannis, MA FULL_TIME
  • The Relationship Manager will be responsible for building and maintaining strong relationships with high-net-worth clients, providing a high level of personalized services to IMG's clients while suppo...
  • 4 Days Ago

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Branch Manager Nantucket Amelia Branch
  • Rockland Trust
  • Nantucket, MA FULL_TIME
  • As a Branch Manager at Rockland Trust, you are instrumental in driving branch success and delivering exceptional customer experience as you build, coach, develop, lead, and motivate a dedicated team o...
  • 9 Days Ago

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Seasonal Teller Trainee Cape Cod Area
  • Rockland Trust
  • Hyannis, MA FULL_TIME
  • As a Seasonal Teller you will make important contributions to our success by personally representing the bank to our customers as you support a number of local branches. Following the completion of Te...
  • 13 Days Ago

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Seasonal Teller Trainee Nantucket Area
  • Rockland Trust
  • Nantucket, MA FULL_TIME
  • As a Seasonal Teller you will make important contributions to our success by personally representing the bank to our customers as you support a number of local branches. Following the completion of Te...
  • 15 Days Ago

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0 Trust Officer jobs found in New Bedford, MA area

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Sr. IT Business Manager – Commercial / R&D
  • Mid Sized CPG Company
  • Lakeville, MA
  • Overview: This role will partner with both the Chief Commercial Officer for International & Ingredients and Chief Commer...
  • 3/28/2024 12:00:00 AM

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TRUSTED ADVISOR Insurance Sales Producer
  • Cesar A Loaiza
  • Johnston, RI
  • Job Description Job Description Position Overview Are you skilled, motivated, outgoing, and enjoys working independently...
  • 3/26/2024 12:00:00 AM

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Probate Associate Attorney
  • Taunton Family Law Firm
  • Taunton, MA
  • Job Description Job Description Our firm is a growing, fast-paced, and diverse law practice. The firm concentrates on he...
  • 3/25/2024 12:00:00 AM

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Relationship Manager
  • Rockland Trust
  • Hyannis, MA
  • Rockland Trust is currently seeking a dynamic and client-focused Relationship Manager to join our Hyannis/Osterville tea...
  • 3/24/2024 12:00:00 AM

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Sales Executive
  • CIB Group Services LLC
  • Taunton, MA
  • Declare Your Sales Career Independence. Choose freedom from your sales job that: Makes you restart every year at zero wi...
  • 3/24/2024 12:00:00 AM

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Manager, Category Strategy & Performance Improvement
  • CVS Health
  • Woonsocket, RI
  • Position Summary At every step of our nearly 60-year journey, from beginnings as ‘Consumer Value Stores’ to transforming...
  • 3/24/2024 12:00:00 AM

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Outside Sales Executive
  • Growing Managed IT Service Provider
  • Cranston, RI
  • Job Description Job Description Job Description We are a growing Managed IT Service Provider and Telecom company that pr...
  • 3/24/2024 12:00:00 AM

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eCommerce New Channel Account Executive
  • PepsiCo
  • Sharon, MA
  • Overview: Work for a global FMCG company with some of the worlds most trusted and iconic brands. Be part of an exciting ...
  • 3/24/2024 12:00:00 AM

New Bedford is a city in Bristol County, Massachusetts, United States. As of the 2010 census, the city had a total population of 95,072, making it the sixth-largest city in Massachusetts. New Bedford is nicknamed "The Whaling City" because during the 19th century, the city was one of the most important whaling ports in the world, along with Nantucket, Massachusetts and New London, Connecticut. The city, along with Fall River and Taunton, make up the three largest cities in the South Coast region of Massachusetts and is known for its fishing fleet and accompanying seafood producing industries ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Trust Officer jobs
$81,268 to $115,724
New Bedford, Massachusetts area prices
were up 1.6% from a year ago