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About the Role

A Trust Officer at Canandaigua National Bank provides complete trust services for various accounts, including estates, personal trusts, and guardianships. This role is responsible for administering the bank's legal and fiduciary duties for assigned accounts, retaining existing business, and pursuing new opportunities to meet annual goals.

Responsibilities

• Provides complete trust services to include estates, personal trusts, guardianships, corporate trusts, and any other appropriate fiduciary capacity.
• Assumes responsibility for the administration and discharge of the bank’s legal/fiduciary responsibility for all assigned estate and trust accounts.
• Makes a complete analysis of requirements of the assigned accounts; studies nominating instrument, determines cash requirements, and anticipates tax consequences.
• Reviews wills and trust agreements in setting up accounts to determine fiduciary responsibilities.
• Administers Supplemental Needs Trusts, including consideration of beneficiary needs, applicable trust terms, and coordination with government benefits requirements for disabled beneficiaries.
• Arranges meetings with clients or other interested parties as necessary.
• Directs the collection, appraisal, safekeeping, disposition and accounting for all tangible personal property, in accordance with the terms and conditions of the fiduciary agreement, under which the bank is appointed and the policies and procedures of the CNB Wealth.
• Confers with clients, heirs, attorneys, and other interested parties as necessary over the life of the account to explain the bank’s role; resolves problems, establishes the needs and interests of each, and provides assistance.
• Coordinates with the Wealth Advisor to monitor the cash and investments of each account with consideration of the objectives of the accounts, the needs of beneficiaries, and cash requirements for taxes and distributions.
• Maintains an active awareness of changes in legal requirements which may affect trust and estate accounts, in connection with the SCPA and EPTL.
• 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.
• Actively engages in customer activity to meet the required annual CNB Wealth goals as established as part of the CNB Wealth’s operating plan.
• Performs tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances.

Requirements

• A B.A. or B.S. degree in a field related to banking normally required.
• A minimum of five (5) years' experience administering fiduciary accounts normally required.
• Related legal/business experience in the financial services industry, including trust and estate planning experience preferred.
• Knowledge of government benefits for disabled beneficiaries preferred, including benefits considerations relevant to the administration of Supplemental Needs Trusts.
• CTFA (Certified Trust and Financial Advisor) certification preferred.

Skills

• Trust services administration
• Estate and trust account administration
• Fiduciary responsibility
• Business development
• Financial analysis
• Tax consequence anticipation
• Legal document review (wills, trust agreements)
• Supplemental Needs Trust administration
• Government benefits knowledge
• Client relations
• Investment monitoring
• Legal requirement awareness (SCPA, EPTL)
• Documentation and reporting
• Customer activity engagement

Location

• Pittsford, NY

Work Type

• Hybrid (4 days in office/1 day work from home)

Experience Level

• 5+ years of experience administering fiduciary accounts

Education Level

• B.A. or B.S. degree in a field related to banking
• Juris Doctor (JD) or master’s degree preferred

Salary/Compensations

• $82,500 - $102,000

Benefits

• Medical, Dental, Vision, FSA, HSA options for both part-time and full-time employees
• Medical coverage offered for domestic partners
• Paid Holidays, Vacation, and Sick time
• 401(k), Profit Sharing, and Employee Stock Ownership Plan (ESOP)
• Training & Development Opportunities
• Tuition Assistance
• Volunteer Opportunities
• Award Winning Wellness program
• Banking perks and discount programs

About the Company

• Canandaigua National Bank is the only local, full-service, community-owned financial institution in the Rochester area.
• The bank's strong corporate culture is based upon seven Core Values: Honesty and Integrity, Responsibility, Teamwork, Respect, Innovation, Professionalism, and Commitment.
• The company is committed to hiring, training, developing, promoting, and celebrating employees from historically disadvantaged groups.
• They are in it for the long haul, aiming for the bank, employees, and community to thrive and grow for the next 125 years.

Equal Opportunity

• Canandaigua National Corporation and its subsidiaries encourage diversity in the workplace; we are an Equal Opportunity Employer. Minority/Female/Sexual Orientation/Gender Identity/Disability/Veteran.