Trust Officer

at First Mid Bank & Trust in Champaign, Illinois, United States

Job Description

Position: Trust Officer
Location: Champaign, IL
Job Id: 3556
# of Openings: 1

Administers accounts where the Company acts in the capacity of personal representative of an estate, trustee under will or inter vivos trust agreement, as a court-appointed guardian of the estate, and as an agent under a custody, escrow, safekeeping, or investment management arrangement.

Responsibilities include, but are not limited to:
Where the Company is personal representative of an estate, the assigned trust officer is responsible for the following duties: Cooperating with legal counsel as to probate the will within departmental policies and applicable state law
Identifying, collecting, securing, and appraising all assets and preparing an inventory in a timely manner
Handling assets such as real estate and closely held corporations that must be specially managed
Maintaining contact with beneficiaries concerning their interest
Cooperating with accountant to properly determine tax elections, file federal and state tax returns, and pay taxes in a timely manner
Ensuring that all estate liabilities are identified, proven, and satisfied
Ensuring that remaining assets are distributed property

Where the Company acts as trustee, the assigned trust officer is responsible for the following duties: Administering trust in accordance with the will or trust agreement, Company policies, and state laws
Trust income is collected and properly processed and distributed or reinvested
Trust principal is properly managed, invested, and distributed
All tax reports and returns are prepared and submitted in a timely manner

Responsible for performing the statutory duties of a guardian of real and personal property in accordance with the directions of the court and concerned governmental agencies and within departmental procedures and policies
Responsible for performing all duties specified in the terms of a custodial, escrow, safekeeping, or investment management agreement. Secures and invests customer's assets, collects and remits or reinvests income as directed
Responsible for the administration and management of certain personal trusts
Responsible for building customer satisfaction in the Company
Cross-sell other Company services with officers in charge of retail deposits, retail lending, commercial lending, and cash management
Participate as a member of various Trust committees as assigned
Represent the Company and provide leadership in key community activities and committees
Participate in professional associations; attend conventions, conferences, and seminars
Build relationships with potential referral sources
Complete required training associated with job function
Build and maintain strong customer relationships
Perform other duties as assigned


Bachelor's degree in Finance or Business Administration or the equivalent of five plus years of specialized training in trust services

High level of analytical skills to conduct trust/investment account analysis and maintain account's progress in consideration of market trends, interest rates, economic conditions, and other factors
High level of interpersonal skills to interact with customers and potential customers in a professional manner
Adequate knowledge of both internal policies and procedures and the respective state and federal laws and regulations governing departmental functions to ensure performance of individual job duties within the proper control environment

First Mid Bancshares, Inc. is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.

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Job Posting: 11906634

Posted On: May 16, 2024

Updated On: Jun 15, 2024

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