Trust Administrator

Job Description

VP, Trust Officer | Confidential Employer

The Tone:
This is a full-time hybrid role at Wintrust Private Trust Company, located in St. John, Indiana, USA. Wintrust Wealth Management serves the financial needs of private clients, including high net worth individuals, business owners, and institutions, offering comprehensive investment, trust, and asset management services. This role is crucial for expertly administering complex personal trust accounts and driving new business growth for the company.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: Hybrid – St. John, Indiana, USA
• Pay: $85000–$110000 yearly
• Mission: Own the complete administration of personal trust accounts and drive new business development.
• Tech Stack: Microsoft Office Suite (Word, Outlook, Excel)

What You’ll Actually Do
• Account Administration: Oversee the complete administration of diverse personal trust accounts, including estates, guardianships, and IRAs, ensuring adherence to governing documents and bank policies.
• Client & Partner Relations: Act as the primary contact for clients, beneficiaries, and co-fiduciaries, resolving complex issues and coordinating with internal and external partners like attorneys and portfolio managers.
• Business Development: Cultivate relationships with referral sources, cross-sell Wintrust Wealth Management services, and actively generate new revenue from existing and prospective clients.
• Financial Management: Manage all substantive financial aspects of accounts, including coordinating investment reviews, authorizing payments, overseeing real estate, and ensuring tax compliance.
• Operational Compliance: Monitor account files for adherence to WPT policies, manage asset transfers, oversee cash processing, and maintain organized physical and electronic records.

The Must-Haves
• Background: Bachelor’s degree required; Senior-level experience in trust administration.
• Experience: Minimum of 8 years of trust administration experience, with extensive knowledge of estates, personal trusts, IRAs, and investment management accounts.
• Skills: Exceptional verbal and written communication skills, highly proficient with Microsoft Office Suite (Word, Outlook, Excel), strong sales acumen.
• Bonus: Ability to handle multiple responsibilities in an often stressful environment; Ability to effectively communicate and relate to professionals, clients and partners with vastly different educational backgrounds, interests, and beliefs.