Trust Officer at Midwest Trust Company – Westerville, Ohio

As a Trust Officer for Midwest Trust Company, you will play a crucial role in managing and administering trust accounts on behalf of our clients. Your expertise in trust administration, fiduciary responsibilities, and client relationship management will ensure the effective execution of trust services while maintaining compliance with legal and regulatory requirements.

Midwest Trust Company is a full-service wealth management institution offering complete trust services in the areas of personal trust administration, estate planning, investment management, retirement and investment planning, and profit sharing and 401(k) programs.

Midwest Trust Company was founded in 1993 and is headquartered in Overland Park, Kansas.

• Trust Administration: Oversee the administration of trust accounts, including establishing trusts, managing trust assets, and ensuring compliance with trust agreements and applicable laws.
• Client Relationship Management: Serve as the primary point of contact for high-net-worth clients, addressing their inquiries, providing guidance on trust-related matters, and cultivating strong relationships to understand their financial goals and needs.
• Fiduciary Duties: Fulfill fiduciary responsibilities by acting in the best interests of trust beneficiaries, making prudent investment decisions, and executing trust distributions and disbursements accurately and timely.
• Asset Management: Partner with Portfolio Managers to develop and implement investment strategies for trust assets in alignment with clients’ risk tolerance, investment objectives and applicable legal requirements.
• Risk Management: Assess and mitigate risks associated with trust administration, investment activities, and regulatory compliance, ensuring the protection of client assets and interests.
• Compliance: Stay abreast of regulatory changes and ensure adherence to trust laws, tax regulations, and industry standards to maintain compliance and mitigate legal risks.
• Documenting and Reporting: Prepare and maintain accurate trust documentation, including trust agreements, investment records, and financial reports, and provide comprehensive reporting to clients and regulatory authorities as required.
• Team Collaboration: Collaborate with internal Trust Experts, including Portfolio Managers, Legal and Compliance to address complex trust issues, resolve client concerns, and optimize trust administration process
• Assist clients with inquires, request and account maintenance.
• Coordinate client meetings, prepare meeting materials, and assist with follow-up tasks as needed.
• Maintain accurate client records and documentation.

Experience, Education, Knowledge, and Skills

• Bachelor's degree in finance, business administration, or related field; advanced degree preferably a law degree and/or professional certifications (e.g., CTFA, CFP, CFA preferred)
• Extensive experience (3-5 years) in trust administration, estate planning or wealth management preferably with a trust company or financial institution.
• In-depth knowledge of trust laws, fiduciary responsibilities, investment principles, and tax implications related to trust accounts.
• Strong analytical skills with the ability to assess complex financial situations and develop strategic solutions.
• Excellent communication and interpersonal skills for effectively interacting with clients, colleagues, and external stakeholders.
• Proficiency in trust administration software and Microsoft Office Suite.
• Commitment to upholding ethical standards, maintaining confidentiality, and delivering exceptional service to clients.