Opportunities • Frink-Hamlett

Opportunities

Fiduciary Officer (DALLAS).159

Job Title
Fiduciary Officer (DALLAS).159
Duration
Description

A premier financial services firm located in Dallas, Texas seeks a Fiduciary Officer to join its collaborative and team-oriented environment. Compensation is competitive with an attractive benefit package.

Primary Duties

  • Support internal colleagues in all aspects of the administration of trust accounts where the firm serves as trustee.
  • Participate in the review of distribution request memos for content and appropriate supporting documentation, review of Special Investment Requests, review of Power-to-Adjust Requests, etc., including coaching of internal client team members on appropriate submission content.
  • Review sophisticated inter-vivos and testamentary trust instruments for high-net worth clients and prepare accurate abstract / synopsis of relevant provisions.
  • Issue spot newly accepted trusts to provide proper account setup guidance to internal colleagues. 
  • Prepare Initial Trust Reviews for newly opened trust accounts to assist internal colleagues and ensure accurate administration from inception.
  • Oversee the trust termination process when trusts terminate, including drafting Receipt, Release & Refunding Agreements.
  • Serve as dedicated fiduciary resource for specialized accounts and assets, such as Irrevocable Life Insurance Trusts.
  • Support internal colleagues in the administration of trusts including training on appropriate trust administration techniques (overdraft management, discretionary distributions, compliance with trust policies, termination activities, management of special investments, etc.).
  • Assist in editing and/or drafting of policies and procedures.
  • Review workflows submitted by client teams that pertain to trust accounts to ensure accuracy and proper trust administration.
  • Perform additional special projects, as needed (for example, review trusts for compliance with investment policies; review trust accounting system information for accuracy and remediate as necessary, assist with new technology initiatives within the Trust Administration group).
  • Work with other departments as necessary to effectuate proper trust administration.

Requirements 

  • College degree required; Law degree preferred.
  • 2 years’ experience in personal trust administration.
  • Knowledge of trust law.
  • Excellent analytical skills and attention to detail.
  • Working knowledge of basic income tax, estate tax, gift tax and GST tax.
  • Highly motivated and a self-starter, able to work independently.
  • Good interpersonal skills-ability to deal effectively with a wide variety of people.
  • A team player.
  • Excellent computer skills; proficiency with Microsoft Word and Excel.
  • Ability to handle multiple competing priorities and organize tasks effectively.
  • Excellent oral and written communication skills.

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