Job Description

Arden Trust Company provides industry-leading personal trust services designed to support families and preserve relationships for generations. As a professional trustee, we offer a depth of experience, technology and resources to handle trusts effectively. Our approach is rooted in fostering a meaningful partnership with the family's wealth management advisor to create a seamless trust experience. Together, we provide families with a holistic approach and specialized expertise, giving them peace of mind in every aspect of their financial lives.

SUMMARY:

The Trust Officer II administers the closing process for all personal trust accounts. Work with trust beneficiaries, accountants, and attorneys and partner with internal colleagues in tax, operations, administration, and investments to ensure accurate and timely tax clearance and payments, trust termination fees, and delivery of assets.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

To perform this job successfully, individual must be able to execute each essential duty satisfactorily.

Administer fiduciary accounts and interpret fiduciary documents in accordance with applicable laws, regulations and governing documents. Engage with and provide a high level of communication to beneficiaries with a focus on client satisfaction and asset retention, as appropriate. Engage with and provide guidance to internal colleagues, including but not limited to, portfolio managers, trust officers and operation colleagues regarding the trust termination process to ensure seamless information flow and achieve settlement goals. Collaborate, build, and maintain strong relationships with external business partners, including financial advisors, accountants and attorneys. Interface with tax partners to determine final tax reserve and fiduciary income and tax payments. Calculate and pay final account expenses. Facilitate retitling of various specialized assets including real estate, partnership interests, etc. Review and prepare trust accountings, receipt, release and indemnification agreements. Confirm distribution instructions, initiate, and oversee asset transfers and cash distributions. Oversee administrative review of closing trust accounts. Check files for correct forms, codes, and review payments and transactions for accuracy. Review trust document to ensure documents are in compliance. Support reporting requirements to the Trust Administrative Committee including timely and accurate reporting. Work with appropriate colleagues regarding liquidation and investment strategies for various fiduciary accounts. Comply fully with all policies and procedures as well as all regulatory requirements. Maintain all appropriate training and continuing education requirements as applicable. Strategically work with internal colleagues to develop new business opportunities from closing trust accounts.

KNOWLEDGE, SKILLS, AND/OR ABILITIES:

To perform this job successfully, the individual should have the following skills and abilities.

Ability to maintain confidentiality and exercise extreme discretion. Proficiency in MS Outlook, MS Excel, MS Word and MS PowerPoint. Ability to follow written and oral instructions. Exhibit professional phone demeanor.

Good organizational skills, efficiency skills, and communication skills, both verbal and written.

Be able to work effectively independently and collaboratively with a broad range of executives and members of the firm. Attention to detail. Commitment to professionalism, accountability, customer focus, and teamwork.

EDUCATION AND/OR EXPERIENCE:

College degree required Financial services experience and industry experience required

CERTIFICATES, LICENSES, REGISTRATION:

CTFA preferred

INTERNAL APPLICANT POLICY:

Internal applicants must be in good standing and have a minimum of 1 year of service with Kestra. Internal applicants must also have a minimum of 1 year service in current role unless approved by EVP.

BENEFITS:

Full health, vision, dental. 401(k) plans along with a host of voluntary plans such as car insurance, legal services and more (applicable to full time permanent employees).

DISCLOSURE:

By applying to a job at Arden Trust Company ( a subsidiary of Kestra Financial, Inc.), you are agreeing to the following statements:

You acknowledge that if hired, Kestra Financial, Inc. may, obtain and use background information concerning your credit, character, general reputation, personal characteristics, work habits, performance and experience for evaluation for your potential employment. It is the policy of Kestra Financial to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, sex, sexual orientation, gender, identity or expression, age, disability, marital status, citizenship, national origin, genetic information, or any other characteristic protected by law. Kestra Financial prohibits any such discrimination or harassment.

KESTRA VALUES:

Our Mission is Powering Financial Independence, enabling the growth and success of investing clients and the advisors who serve them. We do that by living our values: SERVE, MAKE IT HAPPEN, and ONE TEAM.