Senior Private Wealth Trust Officer

About the role

Administers personal trust accounts in accordance with statutes and regulations. Participates in the income tax planning and preparation process, performs such tax planning functions as may be appropriate and effectively explains tax matters to beneficiaries, Financial Advisors and other relevant parties. Interacts with Financial Advisors and clients in defining goals and objectives, working along with the investment officer to establish the appropriate asset allocation and to review and approve portfolio changes. Interacts with beneficiaries, their advisors and Financial Advisors in the personal trust administration process. May participate as a voting member of the Trust Administrative Committee. Exercises discretionary personal trust administrative authority as may be allowed by the Policies and Procedures. Assists New Business Development personnel and Financial Advisors in the sales process through personal meetings, conference calls and seminar events. Answers general Financial Advisor inquiries regarding estate planning, trust services, estate taxes and other relevant topics.

Responsibilities

• Leads defined work or projects of broad scope and complexity.
• Solves or recommends solutions to complex problems.
• Regularly contacts senior management and other internal customers to identify, research, and resolve accounting issues and provide comprehensive solutions to complex problems or needs.
• Administers personal trust accounts in accordance with statutes and regulations.
• Participates in the income tax planning and preparation process, performs such tax planning functions as may be appropriate and effectively explains tax matters to beneficiaries, Financial Advisors and other relevant parties.
• Interacts with Financial Advisors and clients in defining goals and objectives, working along with the investment officer to establish the appropriate asset allocation and to review and approve portfolio changes.
• Interacts with beneficiaries, their advisors and Financial Advisors in the personal trust administration process.
• May participate as a voting member of the Trust Administrative Committee.
• Exercises discretionary personal trust administrative authority as may be allowed by the Policies and Procedures.
• Assists New Business Development personnel and Financial Advisors in the sales process through personal meetings, conference calls and seminar events.
• Answers general Financial Advisor inquiries regarding estate planning, trust services, estate taxes and other relevant topics.
• May lead the work of others; coaches and mentors less experienced staff.
• Develops and maintains strong relationships across all levels of the organization.
• Reviews progress of assignments with executive leadership/management.

Requirements

• Skilled in personal trust administration for high-net-worth and ultra-high-net-worth clients.
• Strong interpersonal and leadership skills to provide a high level of customer service.
• Cultivates and maintains effective working relationships at all levels of the organization.
• Excellent public presentation skills.
• Outstanding oral and written communication skills.
• Demonstrates uncompromising adherence to ethical principles.
• Operates standard office equipment and learns software applications including computer-based trust accounting systems and other common estate planning software programs.
• Able to function in a professional office environment.
• Displays efficiency and flexibility in performing detailed transactional tasks and assignments with frequently changing priorities and deadlines in a fast-paced work environment with frequent interruptions.
• Provides efficient service to internal and external clients.
• Identifies training needs and coaches/mentors more junior staff.
• Pairs with other functional areas to accomplish objectives.
• Facilitates meetings, ensuring that all viewpoints, ideas and problems are addressed.
• Gathers information, identifies linkages and trends and applies findings to assignments.
• Interprets and applies policies and identifies and recommends changes as appropriate.
• Works independently, makes non-routine decisions and resolves complex problems.
• Communicates effectively, both orally and in writing, with all organizational levels.
• Establishes and maintains effective working relationships at all levels of the organization, including negotiating resources.

Qualifications

• Bachelor’s degree in Accounting, Business Administration, or Finance.
• 3 to 6 years of general experience.

Skills

• Personal trust administration for high-net-worth and ultra-high-net-worth clients.
• Strong interpersonal and leadership skills.
• Cultivate and maintain effective working relationships.
• Excellent public presentation skills.
• Outstanding oral and written communication skills.
• Demonstrate uncompromising adherence to ethical principles.
• Operate standard office equipment and learn software applications.
• Function in a professional office environment.
• Efficiently perform detailed transactional tasks with changing priorities and deadlines.
• Provide efficient service to internal and external clients.
• Identify training needs and coach/mentor less experienced staff.
• Pair with other functional areas to accomplish objectives.
• Facilitate meetings, addressing all viewpoints, ideas, and problems.
• Gather information, identify linkages and trends, and apply findings to assignments.
• Interpret and apply policies and identify and recommend changes.
• Work independently, make non-routine decisions, and resolve complex problems.
• Communicate effectively, both orally and in writing, with all organizational levels.
• Establish and maintain effective working relationships at all levels of the organization, including negotiating resources.

Benefits

• Includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions.
• Eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave.

Pay

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions.

Schedule

Hybrid