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Trust Officer

Magnus Vector LLC Wyoming, WY

  • Expired: over a month ago. Applications are no longer accepted.
Job Description

This job is open only to residents of Wyoming.

We're a newly formed private single-family trust company and we're looking to hire a Trust officer to administer the trust company as well as serve as a discretionary trustee for related trusts. Trust officers are required to have high integrity, be residents of Wyoming and have the ability to receive mail and/or run a business from their place of residence. This position will require 2 hours of work per month (and more around tax time). The position will be paid hourly at $25 for hours worked with a minimum of 2 hours of work expected per month.

Key responsibilities

(I) Open and operate the Trust company bank accounts (deposits / withdrawals / payments) on behalf of the company.

(II) Maintain records for the trust company and associated trusts (Google Sheets / Excel / Wave accounting).

(III) Hire a CPA or file taxes using Turbo Tax (or similar)

(IV) Meet quarterly to review trusts with trust company owners (30 min meeting).

(V) Take discretionary decisions on behalf of the trust company. Sign contracts on behalf of trusts and the trust company as needed.

(VI) Setup and Management of Family Entities and Investment / Brokerage accounts.

Administering a trust is straightforward and takes a very short amount of time once you're up to speed. No prior experience is required, training and documentation will be provided as needed.

Requirements and Duties:

One-Time SET UP:

Coordinate signing of the trust documents.
Setup of brokerage and bank accounts for family entities.
Print out and create a file of documents relating to the trust company.

ONGOING

Bookkeeping & payroll management for all family companies
Asset management, regular statements.
Bill pay and compliance for family companies.
Communication & coordination with other company officers and trust beneficiaries
Cashflow management, tax filing, company documentation
Beneficiary distributions
Minute & resolution book

ANNUAL

Calculation & payment of Trustee fees
Oversee tax return filing or file tax return with tax preparation software (eg. TurboTax).
Filing annual reports of the company and other family entities with the Secretary of State
Coordinate & attend annual Trustee meeting

Much of this work can be done to fit best with your schedule.

Our website is at https://www.magnusvector.org/

***Please reach out over email*** with your resume.
No experience with trusts is required, however - accounting, bookkeeping or related experience is a plus.
 

Magnus Vector LLC

Why Work Here?
Manage bookkeeping, assets and tax filings for an entire family's wealth. This job requires high integrity and is a learning opportunity.

Address

Wyoming, WY
USA

Industry

Legal

View all jobs at Magnus Vector LLC