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Vice President, Director of Fiduciary Services

Company: Northwest Bank & Trust Company
Location: Davenport
Posted on: November 14, 2023

Job Description:

Northwest Bank & Trust Company's Investment Management Group is currently looking for a Director of Fiduciary Services. In this position you will be part of the leadership team for our department, overseeing the fiduciary services we provide.
Supervisory Responsibilities

  • Assist the Senior Vice President in the process of recruiting, interviewing, hiring, and training fiduciary staff.
  • Oversee the daily workflow of the fiduciary services offered by the Investment Management Group. This includes, but not limited to, after death administration, trust administration and conservatorships.
  • Provide constructive and timely performance evaluations.
  • Handle discipline and termination of employees in accordance with company policy.
  • Perform other related duties as assigned.

    Department Management Role

    • Oversight of fiduciary services offered by the Investment Management Group.
    • Coordinate efforts with other management to ensure effective operation of the Investment Management Group.
    • Oversee the daily workflow of the fiduciary services offered by the Investment Management Group including on-boarding and on-going administration of all trust and estate administration to ensure all fiduciary services are managed in a productive and effective manner that avoids undue risk and liability.
    • Serve as the primary point of contact for client-requested estate planning document reviews.
    • Oversight of the Will File including the communication strategy to those clients currently found in the Will File and the communication strategy to centers of influence that will grow the Will File.
    • Assist in the preparation of Investment Management Group budget, strategic plan and marketing plan.
    • Serve on the Trust Investment & Account Review Committee. Responsible for reviewing investment portfolios of all accounts periodically. Serve as a non-voting member of the Trust Committee.
    • In the absence of the department manager, review and sign trust vouchers for manager's trust accounts

      Individual Contributor Role

      • Administration of Personal Trusts, IMAs, IRAs and Estates, which includes counseling customers and being their primary point of contact concerning tax, estate and financial planning needs.
      • Continuously looks for improvements in the overall administration process.
      • Collection of reasonable fees for time and responsibility in administering accounts, including additional time & charges.
      • Development and growth of Personal Trust, IMAs, IRAs and Estate accounts through growth within our existing book, generating referrals from other staff within the companies, and promoting trust and investment services to centers of influence and prospects outside the companies.
      • Other Duties as Assigned

        Required Skills/Abilities:

        • Excellent verbal and written communication skills.
        • Excellent interpersonal and customer service skills.
        • Excellent organizational skills and attention to detail.
        • Excellent time management skills with a proven ability to meet deadlines.
        • Strong analytical and problem-solving skills.
        • Strong supervisory and leadership skills.
        • Ability to prioritize tasks and to delegate them when appropriate.
        • Ability to function well in a high-paced and at times stressful environment.
        • Proficient with Microsoft Office Suite or related software.

          Education and Experience:

          • A minimum of 5 years in Trust and Estate Administration, or 5+ years of investment experience with a desire to add Trust and Estate Administration to your skills
          • A four year degree or commensurate experience in Trust and Estate administration
          • A CTFA, CFP, JD, or CPA designation will be given strong preference.

            Physical Requirements:

            • Prolonged periods of sitting at a desk and working on a computer.

              We will provide:

              • An outstanding working environment with a great team
              • Excellent pay and benefits
              • Ongoing training
              • A commitment to helping you be successful

                If you are the person we've described above, we want to meet you. Why join us?
                Over 50 years ago, our department was founded with the mindset of offering investment and estate services as a fiduciary. By definition a fiduciary is bound, by law, to go above and beyond the "Suitability Standards" placed on much of the investment industry. Fiduciaries are required to put the best interest of their clients ahead of their own and we bring this level of integrity to our clients each and every day. This is the way we have conducted our business for over 50 years and we are excited for what the next 50 years will bring. WE ARE LOOKING FOR SOMEONE WITH A SIMILAR MINDSET TO FILL THIS ROLE.
                Our clients currently entrust us with over $420 million in assets and maintain an average household balance in excess of $1million . We value excellent experiences for both our customers and our employees, and know that every person working here is important to our success. Because of that, we encourage their ideas, celebrate their achievements and promote their development.
                Northwest Bank & Trust is a community bank with an entrepreneurial spirit. We are constantly looking for ways to build on our success which means we are not afraid to think outside the box and do things differently. That's why we assembled a team of leading local tax & accounting firms with over 300 years of total experience, and combined them with our expertise in banking and wealth management - to provide a truly complete financial services platform for our clients.
                We will provide you a working environment where you will understand why what you do matters. You will know how you are contributing to the overall success of our organization and will share in the pride of our accomplishments. Plus ... we have great benefits including a choice of Health and Dental plans, Long Term Disability and Life Insurance, a 401(k) with an employer match (both Traditional and Roth options), and the option to work partially remotely.
                Northwest Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.

Keywords: Northwest Bank & Trust Company, Davenport , Vice President, Director of Fiduciary Services, Accounting, Auditing , Davenport, Iowa

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