Wealth Advisor / Trust Officer
Location: Albuquerque, New Mexico
Description: New Mexico Bank & Trust is currently seeking to employ Wealth Advisor / Trust Officer right now, this position will be designated in New Mexico. Detailed specification about this position opportunity please read the description below. The Wealth Advisor II administers accounts (both trust and investment management accounts) while complying with Federal, state, and local laws and th! e appropriate documents and pursuant to the Company and Wealth Management Group guidelines.
Responsibilities :
1. Consults with client's attorney who drafts legal documents specifying details, conditions, and duration of trust 2. Performs continuing administration of assigned accounts of a more complex nature or higher market value, including revocable and irrevocable trusts, estates, investment management/advisory accounts, conservatorships, custody and escrow accounts 3. Provides such services as calculating and making distributions to beneficiaries, paying appropriate bills, ensuring tax returns are prepared and filed on a timely basis, overseeing investment management review and implementation, coordinating real estate management, and all usual and customary duties required to administer estates and trusts 4. Monitors daily trust reports and maintains account files to ensure compliance with department standards 5. Reviews and submits to the Investmen! t Department the information necessary for asset purchases and! sales relative to the proper investment objective of the account 6. Includes designated Associate in client meetings and assigns follow-up duties as necessary; and maintains current working knowledge of various computer systems and software in order to process work efficiently and effectively. 7. Locates and places funds, securities, and other assets in trust account 8. Negotiates with public agencies, e.g. Social Security Administration and Workers' Compensation Commission, in effort to accumulate all assets into trust; 9. Directs collection or liquidation of assets and payment of debts for trusts 10. Directs disbursement of funds according to conditions of trust or needs of court ward or beneficiary 11. Ensures that excess or surplus funds are invested according to terms of trust and wishes of trust client (if applicable), or as determined by document and needs of beneficiaries. 12. Provides the communications and educational link with beneficiaries regarding administrat! ion, investments, accounting, and tax reporting; 13. Acts as the primary contact with client and professionals in the ongoing administration of the account 14. Actively works to retain and maintain all suitable account relationships; 15. Identifies and expands other business revenue potential and business contacts from existing customer and business relationships 16. Cross-sells trust and banking products to existing customers as appropriate. 17. Provides sales support and pre-qualifies referrals from Centers of Influence (COI's) to the unit's Business Development Officer 18. Makes referrals and participate in sales calls with Business Development Officers, as required; 19. Cross sells other WMG services and bank products/services as appropriate 20. Responsible for generating annualized fees pursuant to current WMG standards or more from existing relationships (clients and COI's) 21. Keeps informed of new developments, policies, laws, and regulations concerning trust/estate! /financial planning and account administration or coordinating with the! Compliance Department and/or other appropriate personnel in all matters relating to account documentation, compliance, and risk management. 22. Performs other duties as assigned.
1. Bachelor’s Degree in Finance, Economics, or Accounting 2. 4 years of experience as a Wealth Advisory or Trust Officer. 3. Knowledge of Microsoft Word, Excel, and Outlook 4. Or equivalent combination of education and experience
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If you were eligible to this position, please email us your resume, with salary requirements and a resume to New Mexico Bank & Trust.
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This position will be started on: Thu, 01 Aug 2013 17:19:30 GMT
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