Trust Specialty Asset Manager 1

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JOB FUNCTION / SUMMARY:

Manages and develops a portfolio of specialty assets and client relationships for Trust and Asset Management accounts.  Trust specialty assets include real estate, oil & gas, closely-held entities, notes and mortgages, and tangible personal property.

ESSENTIAL DUTIES & RESPONSIBILITIES:

• Manages and develops new business for various types of trust and asset management relationships.
• Provides specialty assets management and client services for a portfolio of specialty assets in accordance with the terms of governing documents, client investment needs, applicable federal, state, and local laws and regulations, and Bank/Trust Department policies and procedures.
• Provides clients with solutions to specialty assets or account problems; designs, structures, and manages individual assets or portfolios to meet specific client objectives and investment performance; assists in providing in-depth portfolio analysis to ensure proper diversification.
• Acts as the specialty assets management representative for internal partners focusing on exceptional service delivery and new business development in a specific geographic area.
• Keeps current with all developments, applicable laws and regulations within individual field.
• May represent Bank on boards or committees related to businesses or institutions for which the Trust Department provides a service.
• Analyzes, studies, and gains full understanding of governing and legal documents.
• Assures the specialty assets management and account activities are in compliance with Bank/Trust Department policies, procedures, and any applicable federal/state laws and regulations.
• Contacts or corresponds with attorneys, agencies, co- trustees/co-executors, lessors, and other parties who have an interest in any aspect of a specialty asset or its account.
• Seeks guidance from management and members of the Specialty Assets Management Committee or Trust Administrative Committee on questions or concerns regarding the administration and management of specialty assets and accounts.
• May represent the company in business activities and serves as a contact for customers, attorneys, CPAs and beneficiaries relating to assets and accounts under management.
• Documents in accordance with Trust policy and keeps current records on all property held at the direction of the settlor or owner.
• Directs collection of earnings from sale of assets and placement of proceeds in trust account.
• Assists more senior asset managers in producing proposals for new business pricing or terms.
• Reviews financing documents to assure that the Bank is comfortable with all terms and conditions that may require the hiring of trustee counsel to represent the Bank in the transaction and the negotiation of terms of the documents.
• Incumbent is required to comply with all applicable federal, state, and local banking and industry related laws and regulations including but not limited to the Bank Secrecy Act.

SUPERVISORY RESPONSIBILITIES:

None

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE:

• Requires a Bachelor's degree, preferably in Business, Finance, or Accounting
• Specialty assets management, trust administration/operations, banking, or financial services experience and an understanding of the banking industry preferred.
• Industry licensing preferred but not required.
• Basic knowledge of Microsoft Office applications, including Excel, PowerPoint, and Office

ESSENTIAL MENTAL & PHYSICAL REQUIREMENTS:

• Ability to work under stress and meet deadlines
• Ability to operate  related equipment to perform the essential job functions
• Ability to read and interpret a document if required to perform the essential job functions
• Ability to travel if required to perform the essential job functions
• Ability to lift/move/carry approximately 10 pounds if required to perform the essential job functions.  If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an “undue hardship” then the employee mus