Senior Trust & Fiduciary Manager

Position Summary:

The Senior Trust & Fiduciary Manager has the responsibility for management and administration of fiduciary relationships, primarily personal trust, within Alerus’ trust department. This position is the primary owner of client facing trust team members and is responsible for leading, governing, and reporting business line objectives. This position will be responsible for developing and executing business plan initiatives.

Essential Responsibilities:

Job Function Number 1: Fiduciary Services Ownership – 30%

• Develop and implement department objectives, policies, and procedures.
• Provide overall supervision and coordination of Fiduciary team.
• Review and recommend acceptance or rejection of potential relationships and engagements; suggest and review fee scales.
• Formulate business development plans and participates in business development activities.
• Responsible for staffing, performance management, career development, salary recommendations and disciplinary processes for assigned team.
• Coordinate estate planning activities with those of other AIFS functions, including estate and trust administration, tax, investment, and operations.
• Deliver consistent level of customer service to existing AIFS customers.

Job Function Number 2: Administration Management – 30%

• Administer special AIFS accounts, especially those of a delicate or complex nature.
• Assign accounts and maintain proper workload distribution among the Trust and Estate team.
• Ensure that tax liabilities and other obligations of accounts are met.
• Analyze trust instruments to determine duties and responsibilities of the company.
• Confer with client companies, administrators, co-trustees, beneficiaries, attorneys, and others regarding accounts.

Job Function Number 3: Risk Management and Compliance – 20%

• Maintain and enhance systems to track compliance in all areas of AIFS.
• Ensure all necessary financial and legal data is collected and that all procedures pertaining to the estate planning function adhere to company policy and legal requirements.
• Prepare various reports and regulatory filings related to our fiduciary services (13F, RCT, Reg. R etc.)
• Develop plan for staff training and personal development.
• Review and implement internal risk management and OCC exam recommendations.

Job Function Number 4: Sales Management – 10%

• Develop and maintain a high level of Personal Trust, IRA and Agency product knowledge.
• Supervise and personally participate in the solicitation of new business by meeting with clients and/or their attorneys to discuss matters such as the financial and tax objectives involved in their estates; promoting other company services when feasible.
• Review distribution channels other than internal partners for future prospects.
• Monitor and provide necessary updates on marketing materials and presentations to marketing.
• Educate team members, internal partners, and referral channels on industry trends and opportunities around our solution set.

Job Function Number 5: AIFS Activities – 10%

• Maintain, enhance and implement approved policies and programs of AIFS and provide overall supervision and coordination.
• Direct or engage in a variety of corporate trust activities.

Position Requirements:

Qualifications:

• Bachelor’s degree in Finance, Accounting, or Business.
• CPA or law degree preferred.
• Minimum 10 years’ experience in the Fiduciary industry.
• Actively involved in the community in areas that offer potential for new business.
• Proficient computer skills including Windows based software (Excel, Word, and Outlook).

Personal Characteristics:

• Strong written and verbal communication skills.
• Proven interpersonal and negotiating skills.
• Management skills.
• Adaptable, flexible, organized and able to multi-task, work independently.
• Proven analytical, evaluative and problem-solving abilities, used to determine appropriate actions and manage deadlines.

Physical Demands: (must be met with or without a reasonable accommodation)

• Extended periods of time sitting at a desk and using office equipment.
• Ability to operate a personal computer/laptop for approximately 8 hours per day.
• Extended time is spent reviewing physical and electronic documents.
• The employee is occasionally required to stand, walk, reach with arms and hands, climb or balance, and to stoop, kneel, crouch or crawl. Vision abilities required by this job include close vision.
• Periodically, may also do light lifting of supplies and materials which weighs in at approximately 20 lbs.
• Will spend most of time in an indoor environment.

Alerus Financial is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.

Job Type: Full-time