Trust Administrator manages and administers a group of trust accounts. Reviews legal and financial documents, cultivates customer relationships and transfers and invests balances for clients. Being a Trust Administrator requires a bachelor's degree in area of specialty. Typically reports to a manager or head of a unit/department. To be a Trust Administrator typically requires 2 to 4 years of related experience. Gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. (Copyright 2024 Salary.com)
First State Trust Company
Personal Trust Administrator
Location: West Palm Beach, FL
Schedule: Full-Time & Hybrid
About First State Trust Company
First State Trust Company (“FSTC”) is a Delaware chartered trust company with offices in Wilmington, Delaware, and West Palm Beach, Florida. FSTC is rapidly growing. This position is a new addition to the staff, located in the West Palm Beach, FL branch.
First State Trust Company (“FSTC”) is a Delaware chartered trust company in Wilmington, Delaware. Since 1982, FSTC has been providing corporate trust, custody, and administration services to trust clients. Formerly known as Citi Institutional Trust Company and dating back to its roots as E.F. Hutton Trust Company, FSTC has concentrated its focus on strategic alliances with world-class financial service firms. Our strategic alliances allow clients to take advantage of FSTC’s independent professional trust administration services, combined with the investment management services of their chosen provider.
Position Responsibilities
FSTC is looking for a Personal Trust Administrator to work as part of a Trust team to provide first-class service and administrative support for Personal Trust Relationship Managers. This position is an addition to our team to support our continued growth. This person is expected to learn, understand, and apply fiduciary laws and regulations in accordance with the administration of trusts. Must work with clients, beneficiaries, Financial Advisors, Investment Managers, Lawyers, and Accountants. Additional responsibilities include but are not limited to: bill pay, receiving, confirming, and authenticating requests from beneficiaries, tax payment and mailing of forms as necessary, opening, funding accounts, closing and delivering assets for terminating accounts, preparation of correspondence as requested, opening and sorting mail, preparation of discretionary request documentation for trust committees, and handle documentation requirements for special/unique assets. Work with the New Business Group and Compliance with regard to AML, KYC, and new account paperwork.
Additional responsibilities may include but are not limited to:
Knowledge & Qualifications