Assistant Trust Officer

Peapack-Gladstone Bank is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all of our clients' needs. We offer an innovative approach to private banking to help clients establish, maintain and expand their legacy.

What makes Peapack-Gladstone Bank different from our competition? We are an institution that's over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the seventh consecutive year, by American Banker as one of the 'Best Bank to Work For' across the nation. Our secret sauce in one word is our 'culture'. We value a diverse, equitable, inclusive and safe workspace. Our one-team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.

There are multiple way to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (a committee focused on enriching the lives of women - Leading Inspiring Females Together). Said quite simply, the culture is amazing!

PGB Trust & Investments of Delaware

Assistant Trust Officer

Position Summary:

Serve as primary liaison with Trust Administration and SEI and current clients and Provide Trust Administrative Support

Position Responsibilities:

• Collect, evaluate, and organize necessary trust documentation and prepare files for new accounts.
  
  
  
• Establish and manage trust accounts, including opening bank and brokerage accounts.
• Support Trust Officers in the daily administration of accounts.
• Process and monitor investment transactions, distributions, and expense payments in accordance with trust agreements.
• Conduct compliance checks for new trusts and resolve exceptions, adhering to all regulatory requirements.
• Serve as a liaison with clients, attorneys, and advisors to ensure seamless account management.
• Conduct annual reviews of assigned trusts and maintain accurate records using trust accounting software.
• Prepare reports, business correspondence, and beneficiary notices, ensuring timely and accurate delivery.
• Assist in preparing invoices for trustee services and support the collection of outstanding fees.
• Training: Mentor and train trust administration assistants as needed.
• Stay updated on legal, tax, and investment developments impacting trust accounts.
• Maintain accurate and complete account records including supporting documentation for accounts, discretionary distributions, and payments
  
  
  
  
• Prepare KYC, Account Opening Documentation, and Client Profile. Establish new accounts on SEI system
• Test security system on a monthly basis and submit report
• Build and maintain positive relationships with clients and internal partners
  
  
  
• Special Projects and Duties as Assigned
  
  
  

Essential Skills and Experience:

• College Degree or equivalent experience
• Ability to read, write and speak English Clearly
• Ability to operate on SEI platform, Trust 3000, Microsoft Word, Microsoft Excel, Microsoft Outlook
• Willingness to learn new systems and procedures and the flexibility to change when necessary
• Strong understanding of trust documents, legal terminology, and regulatory requirements
  
  
  
• Ability to interact effectively and tactfully with customers and personnel of other departments
• Knowledge of own department's operations, polices, and procedures
• Must be an organized, independent, and detail minded individual
• Minimum one years' experience in Trust Administration

Nonessential Skills and Experience:

• Serve as a backup for other job functions
• Maintain a Neat and orderly work area

Benefits

Peapack-Gladstone Bank offers medical, dental, and vision coverage to full-time employees, in addition to a competitive PTO package and 401k match.