Trust Manager Job Description
Trust manager
provides support to Trust Officers in the servicing and operational maintenance of more complex trust and estate account /portfolios, ensuring compliance with pertinent Company policies and external regulations.
Trust Manager Duties & Responsibilities
To write an effective trust manager job description, begin by listing detailed duties, responsibilities and expectations. We have included trust manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Keep abreast of knowledge and skills relevant to the fiduciary industry by reading all communication received from the legal department and attending all informative sessions (updates received from legal department, broadcasts, Economics, Cost to company )
Look at files that are not financially viable and get rid of them by looking at other options, increasing the fees and getting other Trusteeship
Check that properties that are rented monthly or per period is collected timeously
Manage various daily, monthly, annual reports Investment Trust, New Trust, Trust in creation, Maintenance and Outstanding Insurance
In more complex cases interact with walk-in and telephone clients on a daily basis, with regards to complaints, queries, legal advice
Keep abreast of the latest available investment types by knowing what the different interest rates are, the potential capital growth potential risk
Understand the Absa Approved Investment Policy, Absa Approved Policy and Absa Trust Investment Policy by checking that investments are placed as approved, approving investments from R400, 000.00- R800, 000.00 and escalating to the Branch Manager, investments that are from R800, 000.00- R1.5 million and investments that are above R1.5 million, to be tabled to the Investment Committee
Manage the liquidity of funds ensuring the timeous investment of surplus funds on a daily basis, by getting the monthly report of all Trust with investments of balance of R10 000.00 or more
Check reports on a monthly basis for discrepancies, Reconciliations between the Trust systems and banks accounts and all Trusts in excess of R10 000.000 etc
Draw reports on SARS E-filing of all the outstanding cases and ensure that the Trust Officer and ensure that Tax returns are completed, submitted and paid on time
Trust Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Trust Manager
List any licenses or certifications required by the position: CPA, ITIL, PMP, CEBS, CIMA, ICSA, CCTS, STEP, R&D, EA
Education for Trust Manager
Typically a job would require a certain level of education.
Employers hiring for the trust manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Education, Law, MBA, Business/Administration, Economics, Management, Computer Science
Skills for Trust Manager
Desired skills for trust manager include:
Its products
Processes
Related bank and regulatory regulations
Trust division
Investments and taxes
Real estate and financial statements
Trust unit and division
Agile development process
CCPA
CCRA
Desired experience for trust manager includes:
Organised and able to work both as part of a team on your own initiative towards specific targets and objectives
Commitment to ethical and professional behaviour
3 years’ relevant experience 3 years’ relevant experience
ICSA/STEP qualified or part qualified ICSA/STEP qualified or part qualified
Good understanding of Microsoft products Good understanding of Microsoft products
A customer oriented approach, motivated whilst working to short deadlines A customer oriented approach, motivated whilst working to short deadlines
Trust Manager Examples
1
Trust Manager Job Description
Job Description Example
Our company is growing rapidly and is hiring for a trust manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for trust manager
- Participate and contribute to ongoing development of Investment Trust department structures, processes and controls
- Own and agree corrective action items with the Internal Audit and Management Assurance for items related to the Trust Office
- Reviewing and analyzing trust documents, Last Will and Testaments, powers of attorney, health care directive, shareholder agreements, and other related documents
- Engagement planning, organization, and delegation to maximize efficiency & effectiveness, achieve quality goals, maintain productivity, and maximize realization
- Performing research using CCH Intelliconnect, RIA Checkpoint and/or BNA Online
- Managing client assignments and assuring timely filing of all related tax returns
- Developing outside relationships with a goal of fostering business development opportunities through involvement in leadership roles in professional groups, community service, and personal relationships with other professional advisors such as attorneys, investment advisors, insurance advisors, private bankers
- Prepare Trust Accountings and Trust and Estate tax returns
- Planning for trusts and estates
- Preparing 709s, 706s and 1041 forms
Qualifications for trust manager
- Strong relationship building to maintain positive working relationships with peers, management and clients Strong relationship building to maintain positive working relationships with peers, management and clients
- Commitment to ethical and professional behaviour Commitment to ethical and professional behaviour
- Commitment to on-going learning, implementing new knowledge into practice Commitment to on-going learning, implementing new knowledge into practice
- 3 years relevant experience is desirable
- Excellent organisational skills Excellent organisational skills
- Significant experience servicing Fiduciary and High Net Worth individual clients & their related entities, businesses, & families while working with their various professional advisors (attorneys, estate planners, investment advisors, insurance advisors)
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Trust Manager Job Description
Job Description Example
Our company is searching for experienced candidates for the position of trust manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for trust manager
- Working with a variety of clients
- The successful candidate will assess conceptual soundness and performance of financial and risk management models, including extreme stress market conditions such as CCAR scenarios
- Assessing model risk by reviewing model assumptions, examining model input, data transformations, diagnosis test, verifying the statistical formulation, replicating SAS code and developing alternative models to perform statistical testing, and writing validation reports
- Interacting with model developers, risk managers, product controllers and other members of the validation team on technical aspects related to model performance
- Ensures performance management discussions are conducted with all employees providing feedback on their performance against their mandate, reviewing results, and discussing activities to build skill and proficiency
- Work with Partners and assist Consultants to analyze, scope and document improvements following required SDLC/ BPLC guidelines
- Maintain a general working knowledge of all Teams within business unit, applications utilized, and Partner areas that interface with the business unit and a detailed knowledge and understanding of the areas they are personally involved in
- Maintain or enhance, as appropriate, a structured and focused mechanism for take on of new business and/or new products
- Independently manage a variety of large and complex business area-related projects, providing guidance and leadership to Partners and Consultants
- Understand the Client’s business and their strategic goals and objectives
Qualifications for trust manager
- Prior experience performing trust and estate accountings
- 3+ years Trust and Estate Tax experience
- Well-developed analytical, problem-solving, organizational and project management skills
- One (1) year applicable knowledge or experience in investment / portfolio management, brokerage, finance or equivalent
- Seven (7) year applicable knowledge or experience in investment / portfolio management, brokerage, finance or equivalent
- Willingness to complete professional accreditations such as the Member, Trust Institute (MTI)
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Trust Manager Job Description
Job Description Example
Our innovative and growing company is looking for a trust manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for trust manager
- Manage Delaware-based trust administration staff, including 6 direct reports who administer 800+ trusts organized under Delaware law created by clients of Fiduciary Trust
- Oversee administration of all Delaware trust accounts
- Oversee administration of Unique Assets held in Delaware trusts
- Respond to Internal Audit, Compliance and to requests from Delaware banking regulators
- Proactively develop talent based on business needs, clearly articulate and advocate corporate initiatives, and champion a culture of continuous improvement and change
- Develop clear and concise recommendations, prepare and deliver well-designed presentations, practice exceptional interpersonal skills and develop consultative relationships with trusted internal and external business partners
- Act as a member of the Operating Committee of Fiduciary Trust and serve on various committees of FTCI to improve policy, process and procedure in the administration of trusts and client accounts
- Manage an investment trust team ensuring appropriate staffing and structures in place to deliver required Investment Trust services
- Plan, organise, manage and monitor the team activities and performance to deliver agreed client service in accordance with SLAs and the regulatory / statutory requirements
- Review and sign-off of accounts files, board papers, proof reports and other associated calculations and information re team deliverables
Qualifications for trust manager
- 6 years or equivalent of trust compliance or audit experience
- Fiduciary Examination experience with the OCC, FRB or State Regulators
- Professional certification in Trust/Wealth Management Compliance
- Bilingual fluency in French and English is preferred
- Or related experience
- Previous experience with Trust and Estates
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Trust Manager Job Description
Job Description Example
Our company is growing rapidly and is hiring for a trust manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for trust manager
- Manage, and produce where required, schedules and information in relation to Investment Trust’s board meetings ensuring timely and accurate delivery to agreed timetables and SLA standards
- Ensure appropriate maintenance of accounting records, calculation of relevant fees and expenses (including Directors remuneration), invoice settlement and completion of relevant investment monitoring requirements
- Ensure effective and cooperative liaison with internal and external parties relevant to team deliverables (includes clients, auditors, tax consultants and others)
- Provide technical advice and support re Investment Trust valuation, accounting and reporting activities to team members and support functions
- Where appropriate or required deputise for Head of Investment Trust Department and provide cover and support for other Investment Trust teams
- Take ownership of contracts management and contractual reporting
- Develop and present business segment reviews
- Managing revenue associated with projects
- Translate Customer needs/requirements into detailed Project plans shared with other Functions involved and driving internal execution to meet the targets
- Comply with all Quality Specific Goals
Qualifications for trust manager
- Operational planning techniques
- Ability to communicate complex planning advice in a comprehensive, yet concise and practical manner
- Lead, champion and participate with clients and employees at local community events, business associations, sponsorships, charities
- Extensive experience coordinating activities of diverse, global, functional teams
- Extensive experience working with various projects and/or software development methodologies
- Able to establish, build and maintain strong and effective working relationships at all levels across the organization
5
Trust Manager Job Description
Job Description Example
Our growing company is looking to fill the role of trust manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for trust manager
- Production of annual accounts for complex trusts and companies that are either part of a structure or individual entities
- Responsibility for conducting the verification of ownership and value of assets and liabilities for those areas not assigned to an Asset Management Team for verification during the year under review
- Managing or mentoring other members of the team – including workflow, quality of work, staff assessment, learning and development and career progression as required
- Provide tax planning and consulting to our firm’s high net worth clients for estate and individual income taxes
- Manage, coach and mentor less experienced staff
- Performs account administration functions to meet or exceed service level standards and in methods to achieve the highest customer satisfaction, efficiency and compliance levels
- Responds timely to management, client, client’s agents or partner’s inquiries as requested
- Provide high level personal income tax and estate tax compliance services estate planning advisory services
- Review and prepare individual, fiduciary, estate and gift tax returns
- Prepare and review estate and trust fiduciary accountings
Qualifications for trust manager
- Extensive experience coordinating activities of diverse, global, functional teams -Extensive experience working with various projects and/or software development methodologies
- Knowledge of trust operations and accounting systems, usually acquired through related experience, is needed to manage relationships and administer master trust and custody accounts
- This role will be suited to an A-level student with Grades at C or above
- ICSA Certificate/Diploma is desirable but not essential
- The ideal candidate will have strong investment knowledge, to include alternative investments
- Working knowledge of Global Custody