Wealth Management Officer

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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.

• 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
• Assist public account firms, the FDIC or 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
• Attend 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 communication 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
• Participates in professional and civic organization activities to promote a high profile for the bank in community and business prospects

None

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily and maintain confidentiality and professionalism. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

• Associate’s degree in business or finance desirable.
• Three to give 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 work with attorneys, realtors, appraisers, and accountants with both integrity and assertiveness.
• Excellent verbal and written communication skills relating to communication with clients and professionals through routine reports and composition or 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 ellent time management, organization, and project management skills.
• Any equivalent combination of education,…