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Asset & Wealth Management, Private Wealth Management, Goldman Sachs Trust Company, Estate Associate - New York

Goldman Sachs · New York, NY · Yesterday
Finance$85k–$160k/yrFull-time

About the role

We are seeking Estate Associates to support all aspects of our estate settlement services business from an operational and account administration standpoint. Professionals in this role thrive in a fast-paced environment where attention to detail, strong communication skills, and client service are essential to supporting estate administration and enhancing our business.

Goldman Sachs Private Wealth Management (PWM) specializes in creating comprehensive wealth management plans for high-net-worth individuals and families, as well as select institutions, including foundations and endowments. The Goldman Sachs Trust Company (GSTC) is a limited-purpose national bank providing world-class trust, estate, and charitable administration services to ultra-high-net-worth clients across the United States. Our Estate Settlement Services team administers estates efficiently and thoughtfully, coordinating with fiduciary professionals, PWAs, outside counsel, tax advisors, beneficiaries, and other stakeholders.

Responsibilities

  • Support the Estate Settlement Services team with the administration, operation, maintenance, and monitoring of estate accounts
  • Administer estate cash management functions, including receipts, disbursements, journals, checks, and wires
  • Coordinate preparation of estate tax payments, fiduciary income tax payments, and related tax filings
  • Support estate account oversight activities to comply with fiduciary, operational, and regulatory requirements
  • Reconcile and verify estate account activity, asset values, distributions, and historical data as needed
  • Coordinate estate-related account implementation, asset transfers, and funding activity
  • Support projects related to estate settlement workflows, process improvements, and team strategic planning
  • Serve as a key liaison to PWAs, fiduciary professionals, outside counsel, tax advisors, and other areas supporting the estate settlement process
  • Assist with estate onboarding, including documentation, account opening, asset inventory, and funding activity
  • Participate in efforts to improve efficiencies within the Estate Settlement Services business

Requirements

  • Bachelor’s Degree
  • Ability to work in a fast-paced environment and think clearly under pressure
  • Strong interest in client service
  • Self-motivated and able to work in an autonomous, yet collaborative environment
  • Strong verbal and written communication skills, as well as strong organizational and interpersonal skills
  • Commitment to excellence and a high level of integrity
  • Strong knowledge of estates practice area, including probate and tax matters
  • Paralegal experience in estate administration and/or experience on an estate administration team at a wealth management firm is a plus

Where you’ll work

This role is based in our New York City office. GSTC has a national practice, working with PWAs based in the following U.S. locations: Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, Miami (Florida and Latin America coverage), New York, Philadelphia, San Francisco, Seattle, Washington, D.C., and West Palm Beach.

Pay

The expected base salary for this New York, NY-based position is $85,000–$160,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits

Goldman Sachs is committed to providing valuable and competitive benefits and wellness offerings, including:

  • Comprehensive health, retirement, and financial wellness programs
  • Training and development opportunities
  • Firmwide networks and resources for professional and personal growth
  • Wellness and mindfulness programs
  • Benefits are generally available to active, non-temporary, full-time and part-time U.S. employees who work at least 20 hours per week.

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