Trust Operations Officer jobs in Massachusetts

Trust Operations Officer directs the work of Trust Operations team in large and complex trust operations. Ensures that transactions are balanced and documented according to policies and procedures. Being a Trust Operations Officer oversees the input and maintenance of data in accounting systems and report generation. Coordinates the processing of dividends and disbursements. Additionally, Trust Operations Officer may require a bachelor's degree. Typically reports to a manager. The Trust Operations Officer manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Trust Operations Officer typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)

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Estate Settlement & Trust Termination Officer
  • Rockland Trust
  • Hyannis, MA FULL_TIME
  • Administer estates, manage and settle administrative trusts, and administer closing process for all estate and personal trust accounts, including but not limited to, testamentary and intervivos trusts, charitable trusts, life insurance trusts, special needs trusts, and other agency accounts. Work with estate and trust beneficiaries, accountants, and attorneys and partner with internal colleagues in tax, operations, administration, investments, and retail to ensure accurate and timely tax payments, estate and trust termination fees, and delivery of assets.


    Job Responsibilities:

    • Administer fiduciary accounts and interpret fiduciary documents in accordance with applicable laws, regulations and governing documents.
    • Facilitate onboarding of new estates and transition of closing trust accounts working closely with relationship managers.
    • 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, relationship managers and other bank colleagues regarding the estate settlement and trust termination process to ensure seamless information flow and achieve settlement goals.
    • Collaborate, build, and maintain strong relationships with external business partners, including accountants and attorneys.
    • Maintain appropriate estate calendars and checklists, and marshal, inventory, and facilitate appraisal of assets and report to the Fiduciary Acceptance Committee as required.
    • Interface with internal tax officer to determine final tax reserve and fiduciary income and estate tax payments. Calculate appropriate settlement reserves and pay settlement expenses.
    • Facilitate retitling of various specialized assets including real estate, partnership interests, etc.
    • Review and prepare trust & probate 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 on the real estate and estate matrix, and estate and termination fee matrix.
    • Work closely with senior fiduciary officers regarding situations requiring the use of fiduciary discretion as appropriate.
    • Work with appropriate colleagues regarding liquidation and investment strategies for various fiduciary accounts.
    • Comply fully with all bank policies and procedures as well as all regulatory requirements.
    • Maintain all appropriate training and continuing education requirements and external licenses and certifications as applicable.
    • Strategically work with internal colleagues to develop new business opportunities from closing trust and estate accounts.

    Candidate Qualifications

    • Bachelor's Degree
    • Minimum of 5 years' experience in a financial or legal services organization
    • JD, LLM or other legal designation/degree preferred
    • Completion of Trust Certificate and/or CTFA preferred
    • Strong oral and written communication skills are required
    • Excellent interpersonal skills with the ability to interact effectively with all levels of personnel, clients, and outside professionals
    • Familiarity with MA and RI probate requirements and estate and income taxation
    • Strong organizational skills & ability to work on multiple tasks/projects simultaneously
    • Must be familiar with trust accounting systems

    Our goal is to offer our colleagues the most generous benefits package possible. We strive to provide colleagues with a comprehensive benefits package and an environment that supports a healthy work-life balance. Benefits include: Competitive compensation with performance incentive awards, Health Insurance, Dental Insurance, a 401K and DC Plan for your retirement, LTD & Life Insurance, Day Care Reimbursement, Tuition Assistance for graduate and undergraduate programs, an award winning Wellness program and much more!

    At Rockland Trust you'll find a respectful and inclusive environment where everyone is given the chance to succeed. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, disability status, protected veteran status, or any other characteristic protected by law.

    Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.



    "Rockland Trust is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, disability status, protected veteran status, or any other characteristic protected by law. We recognize that in competitive financial services markets, employees make the difference between an ordinary company and an excellent one. Employees come to Rockland Trust with different backgrounds and experiences. These differences together can result in greater creativity, better insights, and improved decision-making, all vital to Rockland Trust's success in the New England marketplace.




    If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process, or are limited in the ability or unable to access or use this online application process and need an alternative method for applying, you may contact 781.982.6198 or email Careers@RocklandTrust.com for assistance. "


     

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AVP, Compliance Officer
  • Rockland Trust
  • Norwood, MA FULL_TIME
  • This position will leverage the Bank's GRC tool for managing regulatory developments, assessing risks and controls and monitoring/testing of high-risk areas. This position also provides support and gu...
  • 20 Days Ago

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Commercial Loan Officer - Plymouth
  • Rockland Trust
  • Plymouth, MA FULL_TIME
  • We offer an extensive and highly supportive branch network, competitive products and pricing and exceptionally strong local operational support to help you achieve your business development objectives...
  • 23 Days Ago

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Business Banking Officer-Boston
  • Rockland Trust
  • Boston, MA FULL_TIME
  • Rockland Trust is currently seeking a motivated and experienced Business Banking Officer for the Greater Boston area. Recent and extensive internally driven market research has demonstrated tremendous...
  • 10 Days Ago

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Commercial Loan Officer-Waltham
  • Rockland Trust
  • Waltham, MA FULL_TIME
  • We offer an extensive and highly supportive branch network, competitive products and pricing and exceptionally strong local operational support to help you achieve your business development objectives...
  • 11 Days Ago

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Commercial Credit Officer
  • Rockland Trust
  • Brockton, MA FULL_TIME
  • The Commercial Credit Officer (CCO) is a credit orientated role as well as a personnel management and leadership role. Under the direction and review of the Senior Commercial Credit Officer (SCCO), yo...
  • 1 Month Ago

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Operations Administrator
  • The Judge Group
  • Swedesboro, NJ
  • Aspire Bakeries is a North American baking company with a leadership position in specialty frozen baked goods. Formed fr...
  • 3/28/2024 12:00:00 AM

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Operations Administrator
  • Equinox
  • New York, NY
  • Company Description OUR STORY Equinox Group is a high growth collective of the world's most influential, experiential, a...
  • 3/28/2024 12:00:00 AM

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Operations Administrator
  • TRIGO Global Quality Solutions
  • Taylor, MI
  • TRIGO is seeking to fill a Operations Administrator position Taylor, MI. Overall Purpose of an Operations Administrator ...
  • 3/27/2024 12:00:00 AM

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Operations Administrator
  • Advanced Robotics Group, LLC
  • Houston, TX
  • Job Description Job Description As Operations Administrator you will directly impact the growth and success of the compa...
  • 3/27/2024 12:00:00 AM

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Operations Administrator
  • CRSG Construction & Realty Services Group
  • New York, NY
  • Job Description Job Description Position Overview: The Operations Manager is responsible for overseeing and optimizing v...
  • 3/26/2024 12:00:00 AM

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Operations Administrator
  • Construction Realty Safety Group (CR Safety)
  • New York, NY
  • Position Overview: The Operations Manager is responsible for overseeing and optimizing various operational activities wi...
  • 3/25/2024 12:00:00 AM

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Operations Administrative Specialist
  • Cherokee Nation Businesses
  • New Orleans, LA
  • Job Description Operations Administrative Specialist This position requires an active Secret clearance or the ability to...
  • 3/25/2024 12:00:00 AM

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Operations Administrator
  • Macrena Corporation DBA Everline Coatings and Services Orlando South
  • Orlando, FL
  • Job Description Job Description Current reporting location in Casselberry, planning to move to South Orlando/Kissimmee a...
  • 3/25/2024 12:00:00 AM

Massachusetts is the 7th-smallest state in the United States. It is located in the New England region of the northeastern United States and has an area of 10,555 square miles (27,340 km2), 25.7% of which is water. Several large bays distinctly shape its coast. Boston is the largest city, at the inmost point of Massachusetts Bay, and the mouth of the Charles River. Despite its small size, Massachusetts features numerous topographically distinctive regions. The large coastal plain of the Atlantic Ocean in the eastern section of the state contains Greater Boston, along with most of the state's po...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Trust Operations Officer jobs
$80,845 to $116,894

Trust Operations Officer in Davenport, IA
The Senior Trust Operations Officer responsibilities include coordinating activities between client services, trust operations and the back-office service provider, partnering with staff to develop best practices and tools to improve workflows and efficiency and managing and providing leadership across simultaneous work requests and projects.
February 18, 2020
Trust Operations Officer in Rapid City, SD
Smith brings extensive industry experience in Retail Operations, Lending, Business Development, Marketing and Training.
December 13, 2019
Trust Operations Officer in Stockton, CA
His track record includes streamlining operations, maximizing productivity and reducing costs for manufacturing companies in the U.S.
December 15, 2019