Specialty Wealth Asset Officer Senior

About the role

Provides asset management services for Specialty Wealth Assets (Commercial and Residential Real Estate, LLC–LP-Closely Held Entities, Mineral/Oil/Gas Interests), held in fiduciary accounts on the Wealth Management platform of CNB and RBC. Functions as an asset and investment manager, including oversight of property operations (oversight of 3rd party service provider selection/performance/retention, rent collection, expense payment, maintenance activities, etc.) and managing transactions and asset-level projects (acquisitions, dispositions, leasing, recognized environmental conditions, capital expenditures, etc.), while completing all asset-level regulatory/reporting requirements in accordance with established policies, procedures, practices, and direction.

Provides support to the relationship team by offering asset-level expertise and coordinating communication with colleagues, clients, tenants, managers/general partners/officers, and 3rd party service providers around activities and issues at the asset level. Considers investment objectives, account circumstances, investment performance, concentration issues, and profitability from a fiduciary perspective while administering the assets in their portfolio. Partners with client-facing colleagues in proactive client service/communication and sales activities.

Responsibilities

• Provides asset management services for an assigned portfolio of Specialty Wealth assets held in fiduciary accounts within investment guidelines and the regulatory framework.
• Manages portfolio while mitigating risk and following established company and department policies, procedures, and best practices.
• Completes all regulatory and internal requirements associated with the assets in their portfolio, such as annual reviews, inspections, valuations, document retention, and audit inquiries.
• Oversees operations at the asset level, either through a 3rd party or directly, including asset performance, income collection, expense payment, and 3rd party repair/maintenance activities.
• Recommends and (with appropriate approvals) implements strategies for Specialty Wealth assets that incorporate the client’s investment objectives, account size, asset mix, liquidity, and account circumstances.
• Facilitates transactions and projects of Specialty Wealth assets, including acquisitions, dispositions, exchanges, leases, and capital expenditures.
• Works closely with the relationship team, clients, managers/general partners/officers, operations services, attorneys, brokers, appraisers, and other industry professionals to facilitate activities at the asset level.
• Coordinates and communicates specialty wealth asset activities with assigned Trust Officers and other relationship managers.
• Participates in meetings and presentations that promote product and service awareness among clients, prospects, and referral sources.
• Maintains a “Satisfactory” internal and external audit review.
• Complies with policies to identify and resolve environmental issues and ADA compliance issues.
• Provides guidance to asset officers/administration officers and facilitates learning opportunities by sharing knowledge and experience in a constructive, respectful, and collaborative manner.

Requirements

• 7 years of property/asset management (residential/commercial) experience.
• 7 years of experience analyzing appropriate industry investments, including operating statements, market data and its sources, offering memorandums/offerings, and relevant 3rd party reports.
• Fiduciary experience is a plus.
• Strong attention to detail and customer service orientation.
• Proven communication, analytical, negotiating, and sales skills, coupled with computer literacy.
• Proven ability to work in a multi-task environment with oversight.
• Works effectively within a team as well as individually.
• Professional credentials such as CPM, CCIM, or other relevant and recognized industry-backed designations preferred.

Benefits

• Comprehensive healthcare coverage, including Medical, Dental, and Vision plans, available the first of the month following start date.
• Generous 401(k) company matching contribution.
• Career Development through Tuition Reimbursement and other internal upskilling and training resources.
• Valued Time Away benefits including vacation, sick, and volunteer time.
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes, and musculoskeletal support programs.
• Career Mobility support from a dedicated recruitment team.
• Colleague Resource Groups to support networking and community engagement.

Pay

Starting base salary: $92,114 - $156,880 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.