Trust Officer Job Description

Trust officer job description

The job of a trust officer is to manage the trust accounts of an institution of a company. She makes decision about investment of the trust funds according to the requirements and the choice of the client.

Trust officer job duties and responsibilities

The duties and responsibilities of a trust officer are:

• Administration and creation of trust accounts as per the client specifications
• Following the terms and conditions of the trust account while disbursement of funds
• Making investments from the surplus amount of the trust account keeping in tune with federal laws
• Filing tax returns in the trust accounts
• Keeping the requirements of the beneficiary in mind while making decisions regarding the trust fund
• Keeping track of the source of money inflow into the trust account and whenever required, communicating with the beneficiary to confirm facts
• Consulting with the attorneys of the clients before making investments on behalf of the client
• Exercise discretion about client details under all circumstances

Trust officer skills and specifications

The skills and specifications of a trust officer are:

• Excellent communication skills to confer with the beneficiary, client and attorneys
• A thorough knowledge about finance, investment and banking
• Good knowledge about computer applications
• Excellent organization, analytical and logical thinking ability
• Ability to make the right investments and advise the client on the same
• Ability to interpret the needs of the client
• A detailed knowledge about banking laws, federal laws and investment laws

Trust officer education and qualifications

The education and qualifications of a trust officer are:

• A four year bachelor’s degree in banking, finance and accounting
• A certification course in business administration
• A certification course in banking laws

Trust officer salary

Experience plays a very important role in determining the salary of a trust officer. Her salary may range between $43,343 and $73,063. His annual median salary of the officer is $61,708.