Trust Administrator II

About the role

Osaic is hiring a Trust Administrator II for its Premier Trust unit, located in Henderson, Nevada. The Trust Administrator handles the basic administration of assigned accounts, represents the company in dealings with customers, outside professionals and beneficiaries, and has discretionary distribution approval based on Board-approved levels. The position ensures compliance with trust policies, procedures and state regulations, and may be responsible for one employee. It is full time, five days a week in the office, with a salary of $50,000-$60,000 per year plus an annual bonus.

Key responsibilities

• Administer accounts in line with the governing instrument and the needs of principals, beneficiaries and remaindermen
• Contact interested parties and agencies and advise other officers on proposed plans
• Assist in analyzing fund needs and coordinate the preparation of federal and state trust tax returns
• Maintain client data, initiate funding of new accounts and prepare initial and annual trust reviews
• Submit discretionary requests to the TAC committee and act on system ticklers
• Answer phones and emails, direct callers and keep all records confidential
• Comply with company policies, state laws and the BSA, OFAC AML and USA PATRIOT ACT requirements, including customer identification and reporting suspicious activity
• Take part in annual BSA/AML/OFAC and compliance training and stay current on regulatory rulings

Required profile

• Minimum two years of trust administration experience; a Bachelor's degree preferred
• Intermediate knowledge of state trust compliance regulations, trust policies and procedures, and trust products and services
• Ability to work independently and with a team, with minimal supervision
• Current driver's license and a vehicle with insurance if driving is required

Required skills

• Word processing and spreadsheets (Microsoft Word, Excel)
• Typing speed sufficient for the position's production needs
• Intermediate math skills and good written and oral communication

What we offer

• Health, vision and dental insurance
• 401k and paid time off
• Volunteer days and additional benefits