Banking Trust Officer Salary in Chicago, Illinois

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Average Salary for Banking Trust Officer in Chicago, Illinois

The average salary of a(n) Banking Trust Officer in Chicago, Illinois is $83,732.

The average hourly rate of a(n) Banking Trust Officer in Chicago, Illinois is $40.26.

The average bonus of a(n) Banking Trust Officer in Chicago, Illinois is $5,325.00.

Job Description:

Directs and coordinates activities relative to creating and administering personal, corporate, probate, and court-ordered guardianship trusts in accordance with terms creating trust, will, or court order. Oversees drafting of, or writes or consults with client's attorney who drafts, legal documents specifying details, conditions, and duration of trust. Locates and places funds, securities, and other assets in trust account. Interviews trust beneficiaries of court-ordered guardianship trusts in order to locate probable sources of assets. Negotiates with public agencies, such as Social Security Administration and Worker's Compensation Commission, in effort to accumulate all assets into trust. Directs collection of earnings, dividends, or sale of assets and placement of proceeds in trust account. Directs realization of assets, liquidation of liabilities, and payment of debts for trusts. Directs disbursement of funds according to conditions of trust or needs of court award or beneficiary. Ensures that excess or surplus funds are invested according to terms of trust and wishes of trust client. May specialize in promoting trust services and establishing new trust accounts. May prepare Federal and State tax returns for trusts. May be designated according to type of trust. Less

Directs and coordinates activities relative to creating and administering personal, corporate, probate, and court-ordered guardianship trusts in accordance with terms creating trust, will, or court order. Oversees drafting of, or writes or consults with client's attorney who drafts, legal documents... More

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