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Kraken Bank is looking for a talented and experienced business person to support the Trust offering of the institution. This includes helping clients manage the complicated environment of trusts. Cross-training, education, adhering to policies and procedures, helping build the products and services, reporting, and overall administration of Trust services are all essential duties of the role.
Other responsibilities include performing a detailed analysis of unique needs and requirements of accounts; studies nominating instruments, determines cash requirements, and anticipates tax consequences. Conducts a review of wills and trust agreements to ensure accounts are properly structured to meet fiduciary responsibilities.
Directs the collection, appraisal, safekeeping, disposition, and accounting for all tangible and intangible personal property in accordance with the terms and conditions of the fiduciary agreement under which the Bank is appointed and in accordance with related Bank policies, procedures and processes.
Investigates and follows up on significant changes in status of existing clients; maintains an active awareness of changes in legal requirements which may affect trust and estate accounts; resolves any issues or problems as necessary. Prepares and maintains documentation, status records and reports on trusts, estates, business development, and financial planning activities; prepares various reports, statements, and forms including tax, regulatory, and other governmental forms as required.
Reviews each relationship at least annually to ensure compliance with trust terms, proper fee allocation, proper documentation, investment, etc. Responds to inquiries or refers inquiries to the appropriate department or person, and exhibits the necessary follow through with clients and/or staff involved.
We’re powered by people from around the world with their own unique and diverse experiences. We value all Krakenites and their talents, contributions, and perspectives, regardless of their background.
As an equal opportunity employer we don’t tolerate discrimination or harassment of any kind. Whether that’s based on race, ethnicity, age, gender identity, citizenship, religion, sexual orientation, disability, pregnancy, veteran status or any other protected characteristic as outlined by federal, state or local laws.
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