Trust Officer Job Description

May 16, 20120 Comments

Trust officer job description

The job of a Trust Official is to deal with accounts of the trust. They have to make decisions about financial issues of the trust according to the specifications and the choices of the client.

Trust officer job duties and responsibilities

The duties and responsibilities of a trust officer are:

  • Administration and formation of trust accounts in accordance with the client specifications
  • Following the set policies of the trust account for funds disbursement
  • Making investment strategies from the extra amount of the trust account in consideration with federal laws
  • Filing tax returns
  • Keeping the specifications of the beneficiary in mind while deciding about trust funds
  • Keeping track of the source of money influx into the trust account and whenever required, connecting with the beneficiary to validate facts
  • Consulting with the legal professionals of the clients before creating investment strategies on part of the client
  • Exercise attention about customer details under all circumstances

Trust officer skills and specifications

The skills and specifications of a trust officer are:

  • Excellent interaction skills to consult the beneficiary, clients and attorneys
  • Complete understanding about finance, investments and banking
  • Good understanding about computer applications
  • Excellent organization, systematic and sensible thinking ability
  • Ability to make the right investments and advise the client on the same
  • Ability to transform the needs of the client
  • A detailed understanding about financial regulations, federal regulations and financial commitment laws

Trust officer education and qualifications

The education and qualifications of a trust officer are:

  • A 4 years Bachelor’s degree in banking, finance and accounting
  • A certification course in business administration
  • A certification course in banking laws

Trust officer salary

The average salary for this position ranges from $43,343 to $73,063.

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