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The Trust Relationship Administrator is responsible for administration of assigned accounts, including but not limited to, compliance with governing document(s), investments, distributions, and reports to Director of Trust Relationships. The Trust Relationship Administrator is also a partner of PBAT & CO (the Bank’s nominee partnership) and is approved to sell, purchase, and transfer securities.
Key Duties and Responsibilities
Responsibility 1: Administration and Customer Relations
Performs continuing administration of assigned accounts, including revocable and irrevocable trusts, estates, investment management/advisory accounts, conservatorships, custody, employee benefit, and escrow accounts. Considers, and authorizes when appropriate, distributions to beneficiaries, payment of appropriate bills, coordinating the timely filing of tax returns, overseeing investment management review and implementation, coordinating real estate management, and all other usual and customary duties required to administer estates and trusts. Prepares and presents annual administrative and investment reviews. Reviews and submits to Operations the paperwork for asset purchases and sales relative to account investments. Provides the communications and educational link with beneficiaries regarding administration, investments, accountings, and tax reporting. Acts as the primary contact with clients and professionals in the ongoing administration of the account. Serves as backup as needed and requested for Trust Relationship Managers within the department.
Responsibility 2: Compliance
Keeps informed of new trust-related developments, policies, laws, and regulations concerning personal trust administration, employee benefit plans, trust planning, and general fiduciary account administration. Maintains working knowledge of master documents of preferred vendors.
Responsibility 3: Investment Management
Coordinates with retained investment advisors and mutual fund companies to ensure the investment services offered clients fulfill the investment goals and objectives established and the expenses are contained within approved limits.