Senior Trust & Tax Officer at M&T Bank

Greensburg, Pennsylvania, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Four-year degree or equivalent
Preferred certifications: CFP, CTFA, or CFP (one of the 3 designations required within 18 months to 2 years)
More than ten years of general experience and five to ten years of specialized experience
Fiduciary Tax Knowledge required
Advanced knowledge of trust accounting and tax processing software
Operates a keypad device 60-70% of the day; operates office equipment 20-30% of the day; traveling to alternate work locations 20-30%; overnight stays 10-20%; sitting 60-70% per day; standing/walking 10-20% per day; lifts 0-20 lbs. 0-10% per day

Responsibilities

Administers professional services on assigned fiduciary and investment management accounts (e.g., trusts, guardianships, estates), including investment management, liquidity and risk management, tax planning, inheritance and estate planning, and financial planning
Ensures compliance with all banking and fiduciary regulations, bank policies/procedures, and departmental policies/procedures
Maintains profitability for the assigned client base and assists with the overall profitability of the division
Meets with clients and prospects to explain available services; maintains calling protocols and records information in contact management/trust account systems
Pursues business development through expanded relationships with existing clients, new prospects, and centers of influence (e.g., attorneys, accountants)
Cross-sells or refers to appropriate S&T Bank business lines
Develops and maintains industry expertise
Assists with training new employees and cross-training existing employees
Participates in assigned committees or working groups (e.g., Fiduciary Committee, Trust Operations Enhancement workgroup, conversion teams, special projects)
Participates in community and business activities to enhance Trust's image and generate new business
Establishes and enhances Trust Administrative procedures and forms as necessary
Serves on the approval team for discretionary requests, special account reviews, and conducts secondary review of all Administrative Reviews in the trust accounting system
Serves as the fiduciary tax subject matter expert, reviewing and approving all fiduciary tax returns for Trust
Maintains good working relationships with all bank employees; demonstrates strong interpersonal skills and team motivation
Performs other related duties as assigned
May supervise one or more Administrative Assistants for Trust

Skills

Key technologies and capabilities for this role

Trust AdministrationFiduciary TaxEstate PlanningInvestment ManagementTax PlanningFinancial PlanningRegulatory ComplianceBusiness DevelopmentClient Relationship ManagementCross-Selling

Questions & Answers

Common questions about this position

Is this a full-time position?

Yes, this is a full-time position.

Where is the job located and what are the working hours?

The position is located at 701 East Pittsburgh St., Greensburg, PA 15601, with hours Monday-Friday 8:30 am - 6:00 pm and Saturday 9:00 am - 12:00 pm, plus additional hours as necessary.

What education is required for this role?

A four-year degree or equivalent is required.

What key responsibilities does this role involve?

The role includes relationship and administrative management of fiduciary and investment accounts, customer servicing, business development, supervisory duties, and serving as the fiduciary tax subject matter expert reviewing and approving tax returns.

What skills or qualities make a strong candidate for this position?

Strong candidates demonstrate strong interpersonal skills, motivation to work as a team player, advanced knowledge of trust accounting and tax processing software, industry expertise, and the ability to contribute to departmental success.

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

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