- Collaborates with the Trust Officer to maintain up-to-date information on beneficiaries, and their changing needs and circumstances in order to carry out the Bank's fiduciary duties and to provide superior client service.
- Recommends appropriate financial products and services tailored to meet clients' objectives, tax and estate needs, risk tolerance and asset allocations.
- Acts as the primary point of contact or relationship manager for existing book of client accounts.
- Identifies opportunities for additional product cross-sell to existing clients.
- Develops and maintains a referral network of internal and external sources for additional sales opportunities.
- Maintains contact with existing clients, beneficiaries, and referral sources to deliver agreed upon services, address customer inquiries and resolve servicing issues.
- Interprets trust documents and client account agreements with an eye for detail.
- Exercises judgement in processing client requests and make recommendations for fiduciary approvals above specified limits.
- Strictly adheres to compliance and operational risk controls in accordance with Bank and regulatory standards.
- The role requires occasional travel for training and team meetings, and willingness to travel periodically, to locations within market as needed.
- Represents the Bank in community activities and industry organizations to enhance the Bank's image.
- May require work in a Midland office to ensure collaboration and support of internal and external customers.
- Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).
- Other duties as assigned.
- Bachelor's degree or equivalent experience in trust administration.
- 1+ years previous experience in trust administration (advanced designations and/or preparatory work or guidance may sometimes be assessed in lieu of experience).
- Understanding of different investment products and allocation strategies for meeting client investment objectives.
- Ability to read and interpret trust and legal documents.
- Demonstrated success working in team environment.
- Ability to meet time constraints without constant supervision.
- Professionalism and courtesy in dealing with customers and bank employees.
- Ability to articulate ideas concisely and work in a dynamic and fast past environment.
- High degree of accuracy with attention to detail required.
- Proficiency with trust accounting systems.
- Strong oral, written, and interpersonal communication skills.
- Strong organization and time management skills.
- Strong attention to detail.
- Ability to work independently and as part of a team.
- Business insight
- Cultivates innovation
- Drives results
- Makes sound decisions
- Being a brand champion
- Collaborates
- Communicates effectively
- Customer focus
- Being Authentic
- Emotional Intelligence
- Self development
- Being flexible and adaptable
-
Trust Administrator
1 week ago
Midland States Bank Chicago, United StatesJob Description · Trust Administrator · Salary Range: $62,800 - $83,700 annually · At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and e ...
-
Director of Trust Administration
2 weeks ago
Old Second National Bank Lombard, United StatesJob Description · Job DescriptionWho We Are · At Old Second, you're first For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started. · With great employees we've grown from a single locati ...
-
Estate Planning Paralegal
4 weeks ago
Latimer LeVay Fyock LLC Chicago, United StatesLatimer LeVay Fyock LLC is currently seeking a dynamic and initiative-taking Estate Planning Paralegal to join our team. In this crucial role, you will work closely with attorneys and clients in the preparation of estate planning documents and management of estate and trust admin ...
-
Estate Planning Attorney
3 weeks ago
McCormack Schreiber Legal Search Chicago, United StatesAbout the Position: · We are working with a premier mid-size law firm with an immediate need for an experienced estate planning attorney to join its Chicago office as a senior associate or junior partner. This firm has a thriving Trusts & Estates practice and offers a supportive ...
-
Northern Trust Chicago, United StatesSenior Consultant, Fund Administrator, Hedge Fund Services page is loaded · Senior Consultant, Fund Administrator, Hedge Fund Services · Apply · locations · Chicago, IL · time type · Full time · posted on · Posted 3 Days Ago · job requisition id · R124731 · About North ...
-
Trusts & Estates Attorney - AM LAW 100
3 weeks ago
LHH Chicago, United StatesI am currently working with an AM LAW top 100 ranked legal practice in Chicago, who are actively looking to recruit a junior attorney to join their growing trusts & estates group. · Responsibilities · You will work closely with Partners across the firm's national practice group o ...
-
business administrator
1 week ago
R&R Human Resources Solutions Chicago, United StatesThe Lawyers Trust Fund of Illinois (LTF) is hiring a Business Administrator who will be responsible for ensuring that the organization runs smoothly and operates effectively. Duties include bookkeeping, including processing of payroll, information management; organizational syste ...
-
Sr. Trust Advisor, Global Family Office
2 weeks ago
Northern Trust Chicago, United StatesSr. Trust Advisor, Global Family Office (GFO) page is loaded · Sr. Trust Advisor, Global Family Office (GFO) · Apply · remote type · Hybrid · locations · Chicago, IL · time type · Full time · posted on · Posted 2 Days Ago · job requisition id · R120740 · About Northe ...
-
Northern Trust Chicago, United StatesTeam Lead, Senior Consultant, Fund Administrator, Hedge Fund Services page is loaded · Team Lead, Senior Consultant, Fund Administrator, Hedge Fund Services · Apply · locations · Chicago, IL · time type · Full time · posted on · Posted 2 Days Ago · job requisition id · ...
-
Fiduciary Account Manager, GFO
6 days ago
Northern Trust Corporation Chicago, United States Full timeAbout Northern Trust: · Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. · Northern Trust is proud to provide innovative financial services and guidance to the world's most succ ...
-
Senior Trust Advisor
2 weeks ago
Northern Trust Chicago, United StatesNorthern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families ...
-
Executive Assistant
4 weeks ago
Southern Graphics Systems, Inc Chicago, United StatesGeneral Overview: · The Executive Assistant role supporting the CEO at SGS & Co Chicago is one of organization, attention to detail and proactive management of administration and logistics that keep the "C-Suite" office and infrastructure running smoothly. This role works indepen ...
-
Systems Support Engineer
4 weeks ago
Keeper Security Chicago, United StatesKeeper is hiring a talented System Support Engineer to join the Keeper family. This is a 100% remote position · Keeper's cybersecurity software is trusted by millions of people and thousands of organizations, globally. Keeper is published in 21 languages and is sold in over 120 c ...
-
Senior Tax Administrator
2 weeks ago
Northern Trust Chicago, United StatesNorthern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families ...
-
Analyst, Institutional Fund Accounting
2 weeks ago
Northern Trust Chicago, United StatesAnalyst, Institutional Fund Accounting page is loaded · Analyst, Institutional Fund Accounting · Apply · locations · Chicago, IL · time type · Full time · posted on · Posted 2 Days Ago · job requisition id · R124822 · About Northern Trust:Northern Trust, a Fortune 500 ...
-
Private Equity Accounting, Sr Accountant
2 weeks ago
Northern Trust Chicago, United StatesPrivate Equity Accounting, Sr Accountant page is loaded · Private Equity Accounting, Sr Accountant · Apply · locations · Chicago, IL · time type · Full time · posted on · Posted Yesterday · job requisition id · 109351 · About Northern Trust:Northern Trust, a Fortune 50 ...
-
Accountant, Prvt Equity Acctng
2 weeks ago
Northern Trust Chicago, United StatesAbout Northern Trust · Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. · Northern Trust is proud to provide innovative financial services and guidance to the world's most succ ...
-
Trust & Estate Attorney
4 weeks ago
Gpac Chicago, United States Full timeTrust & Estates Associate Attorney · Established law firm is seeking a Trust & Estates Associate Attorney to add to their growing team · Trust & Estates Associate Attorney Requirements: · 5+ years experience in trust & estates, · Experience in high-net-worth trust and estates ad ...
-
Northern Trust Corporation Chicago, United States Full timeAbout Northern Trust: · Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. · Northern Trust is proud to provide innovative financial services and guidance to the world's most succ ...
-
Account Manager, Treasury Management
1 week ago
Northern Trust Corporation Chicago, United States Full timeAbout Northern Trust: · Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. · Northern Trust is proud to provide innovative financial services and guidance to the world's most succ ...
Trust Administrator - Chicago, United States - Midland States Bank
Description
Job Description
Trust Administrator
Salary Range: $62,800 - $83,700 annually
At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.
Position Summary
The Trust Administrator is responsible for servicing and maintaining existing relationships with investment management clients, trust clients, beneficiaries, and other interested parties in partnership with the accounts' designated Trust Officer. In addition, the Trust Administrator may serve as the lead relationship manager on his/her own book of business. This position is an individual contributor role.
Primary Accountabilities
Position Qualifications
Education/Experience:
Competencies:
At Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident and more excited to do great things for our customers, each other and our company. We're proud to be an Equal Opportunity and Affirmative Action employer. At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.
If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at
THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT
Compensation details: Yearly Salary
PId5e0fcf3778e
