Trust Team Manager manages and oversees a team of Trust Officers assigned to the largest and most complex trust accounts. May manage the administration of other credit and wealth management related products and services. Being a Trust Team Manager typically requires a bachelor's degree. Typically reports to a head of a unit/department or Top Executive. The Trust Team Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Trust Team Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
Frandsen Bank & Trust seeks a Trust Administrative Assistant, who will be based out of our East Grand Forks Wealth Management and Trust office location. This position will work closely with the Relationship Officer. Additionally, they will have an opportunity to develop their skills with the potential to move into a trust position.
Main Responsibilities
· Perform clerical functions related to opening client accounts and ongoing account coding based on account features chosen by the client.
· Work with designated officer(s) and the client in obtaining the required documents based upon the type of account(s) established.
· Organize and assist in the maintenance of complete internal client account, external 401k account, and investment-related electronic and paper records as required for compliance.
· Initiate, process, and mail all mandatory retirement-related letters and tax forms including but not limited to 1099Rs, 5498s, RMD letters, Summary Annual Reports, and safe-harbor notices.
· Perform various administrative duties (i.e., typing, filing, answer phones, mailing documents/letters, etc.) and other duties and projects as assigned by the officer.
· Day-to-day support of the Wealth Management and Trust Department Officers and clientele
Minimum Requirements
· Two to three years’ experience in investment management, trust, retirement plans, or in the general financial services industry
Preferred Qualifications
· College degree preferred but not required
· General knowledge of finance and accounting principals
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