Senior Trust Officer-Los Angeles
Company: San Pasqual Fiduciary Trust Company
Location: Los Angeles
Posted on: November 16, 2024
Job Description:
San Pasqual Fiduciary Trust Company is the only California and
Nevada-based trust company dedicated to providing trustee-only
services. We never sell investment products, which enables us to
provide our clients with truly impartial fiduciary service. We
devote our skills, expertise, and resources to trust administration
and management. We are a small but growing firm located in Downtown
Los Angeles, California and Reno, Nevada.We are seeking someone to
join our Trust Professionals Team in our Downtown Los Angeles
location. This is a full-time position working with private trusts,
including components of banking, trust and estate law, and asset
management.Please note that this is NOT a sales position, and it
has a HYBRID office/remote schedule. It is NOT 100% remote, and
employees are expected to report to the downtown Los Angeles office
on a regular basis. This is a new position due to company
growth.Successful candidates for this role will demonstrate their
technical strengths and contribute to our day-to-day client
operations, without any requirement for client development. The
role requires great attention to detail to comply with all
policies, procedures, and trust accounting practices.Significant
prior knowledge of and experience with trust administration is
required.In addition, a professional demeanor with interpersonal
communication skills and the ability to maintain strict
confidentiality is a must. You would work as part of a team with
the administration of various trust accounts.Our Ideal Candidate
is:
- Someone with an entrepreneurial mindset, wanting to be directly
involved in the day-to-day administration for our clients and
embraces the phrase "other duties as required".
- Naturally curious, a self-starter interested in learning and
welcomes constructive criticism.
- An organized, detail-oriented, hands-on team player who enjoys
a challenge.
- Has a problem-solving mentality, can think on their feet and
change course quickly and calmly.
- A good communicator, willing and able to take the initiative to
pick up the phone to speak with clients or advisors in order to
resolve concerns or issues.
- Currently within a commutable distance of our DTLA
office.Primary Job Duties and Responsibilities
- Serve as Senior Trust Officer on a variety of trusts to ensure
each trust is administered in accordance with applicable laws,
regulations, and the terms of the governing instrument.
- On-board new trusts including review and interpretation of
trust documents to identify any potential issues, marshalling of
assets and preparation of internal account set-up forms.
- Apply principles of the California Probate Code applicable to
trust administration and understand the tax implications of the
various kinds of trusts.
- Effectively establish and manage client relationships through
interaction with grantors and beneficiaries.
- Determine beneficiary distribution amounts and frequency and
present any discretionary distributions for Trust Committee
approval.
- Perform annual reviews of assigned trusts and evaluate the
performance of investment advisors assigned to the trusts.
- Establish and maintain relationships with attorneys, CPA's and
other professional advisors to assure clients receive quality
service and to enhance business development opportunities.
- Other duties as required.Educational and Other Requirements
- Bachelor's degree (Emphasis in Trust Administration, Business,
Finance, Accounting, or Law is preferable).
- Additional certification (i.e. JD /MBA/CTFA/CFP/CPA) is
strongly preferred.
- 8+ years of trust administration or planning experience with a
focus on exemplary customer service for high net-worth clients
($1MM+ level clientele).
- Experience with ultra-high net worth multi-generational $50MM+
families with complicated assets and sophisticated trust structures
strongly preferred.
- Demonstrated experience with sophisticated trust and asset
structures and providing thoughtful client solutions.Desired Skills
- Strong analytical and problem-solving skills.
- Excellent organizational skills and superior time
management.
- Capacity to understand complex legal documents (trusts, wills,
court rulings).
- Exceptional attention to detail in all facets of the job.
- The ability to work under pressure and meet deadlines.
- Ability to ask for/take feedback on work and apply changes as
necessary.
- Flexible and receptive to contribute in a variety of ways that
often arise in a small office environment that may not correlate to
the candidate's technical skill set, and actively suggest
improvements to procedures and policies.
- A strong work ethic, willing to work extended hours as
needed.
- Strong preference for previous experience with ClientPoint,
TrustDesk and/or OneSource.What We Offer
- Medical, dental and vision coverage.
- Basic life and long-term disability insurance.
- 401(K) with company matching.
- Parking (or public transportation reimbursement).
- 4 weeks paid time off (annual accrual).
- 9 paid holidays + 2 paid floating holidays.
- Opportunity for growth within the company.PLEASE NOTE that we
are ONLY looking for local candidates. This position is NOT 100%
remote and we do not pay for relocation services.Salaried exempt
compensation commensurate with experience. Salary range is
$115,000-$165,000/year. Eligible for increases and/or bonus during
annual review based on job performance.
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Keywords: San Pasqual Fiduciary Trust Company, Newport Beach , Senior Trust Officer-Los Angeles, Accounting, Auditing , Los Angeles, California
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