Trust Manager
Trust Manager
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Job Description
Special Instructions to Applicants: All interested applicants please attach a cover letter and resume in PDF format.
About Rice:
Boasting a 300acre treelined campus in Houston Texas Rice University is ranked among the nations top 20 universities by U.S. News & World Report. Rice has a 6to1 undergraduate studenttofaculty ratio and a residential college system which supports students intellectually emotionally and culturally through social events intramural sports student plays lecture series courses and student government. Developing closeknit diverse college communities is a strong campus tradition which is why Rice is highly ranked for best quality of life and best value among private universities.
Rice is also a wonderful place to work. Rice faculty staff and students share values that are essential to our success as a healthy community. Those values guide our decisions and behaviors and shape Rices culture. They come through in the way we treat each other and the welcome we extend to our visitors. These values can be recalled simply by our name RICE Responsibility Integrity Community and Excellence.
Position Summary:
The Trust Manager runs the charitable remainder trusts estates and other accounts of Rice Trust Inc. (RTI) Rice Universitys wholly owned trust company and other deferred gift accounts of the University including the charitable gift annuity pool. The role monitors the services performed by the outside investment manager and administrator. RTI is a registered Texas Trust Company under the supervision and review of the Texas Department of Banking.
As of spring 2024 there are 53 charitable remainder trusts and 137 charitable gift annuity contracts.
The Trust Manager role also manages a Pre1969 Trust with 20 beneficiaries including Rice University an estimated life of 37 years and its own board of trustees.
The idealcandidate will be a personal trust officer who is an effective communicator detailfocused and able to think proactively and creatively to help Rice Universitys mission by facilitating charitable giving.
Minimum Requirements:
- Bachelors Degree
- 3 years of relevant experience as a trust officer and/or a trust and estate attorney
Skills:
- Ability to take a proactive approach to working in a highperforming and collaborative environment as an active member of Development and Alumni Relations (DAR) and the Gift Planning team
- Ability to ensure a donorcentered approach
- Strong oral and written communication skills
- Strong quantitative skills and data fluency
- Aptitude to learn new software systems
- Proficiency with Microsoft Office suite
- Strong analytical and problemsolving skills
- Excellent relationship skills and emotional intelligence
- Maturity in judgment and ability to maintain confidentiality
- Very strong attention to detail
- Very strong organizational and time management skills
- Ability to work to meet deadlines take initiative and be adaptable
- Creativity enthusiasm and confidence to complete projects
- Juris Doctor from an ABAaccredited law school
Preferences:
- 5 years of relevant experience as a trust officer and/or a trust and estate attorney
- CPA CFP or CFTA certification
Essential Functions:
- Overseeactivities of the external administrator and investment manager currently TIAA Kaspick (Kaspick) for the trusts and Rices charitable gift annuity program
- Partner with and provide nonlegal guidance to Development and Alumni Relations (DAR) personnel donors and beneficiaries regarding trust gift annuity and estate matters relating to the structuring of potential gifts or administration of existing gifts
- Provide nonlegal advice and guidance to the RTI Board of Directors and the Pre1969 Trust Properties Trustees
- Prepare agenda materials and other analysis for quarterly RTI Board of Directors meetings and the Pre1969 Trust Trustee meetings
- Act as liaison between RTI and the Texas Department of Banking
- Collaborate with the Gift Planning Treasury and Finance and Investment Accounting departments to ensure realized charitable deferred gifts are allocated in accordance with applicable governing documents
- Work with inhouse and outside legal counsel to draft trust agreements and resolve complex trust and estate matters
- Coordinate with inhouse and outside legal counsel the accounting team and consultants to complete reports analyses and duties for estates and other accounts under administration
- Create or improve processes for evaluating and accepting complex gifts outright or in trust
- Review and approve annual trust and fiduciary income tax returns and prepare work papers for RTIs annual tax filing
- Review annual quarterly and ad hoc state filings in connection with Rices charitable gift annuity program
- Prepare monthly journal entries related to RTI corporate activity for the University accounting system and Texas Department of Banking quarterly reports
- Prepare quarterly and annual reconciliations of trust system accounts and custodian accounts
- Prepare annual work papers for internal and external audit examinations and Texas Department of Banking examinations
- Perform all other duties as assigned
Additional Functions:
- Monitor externally managed trusts that will benefit Rice upon termination
- Review charitable gift annuity agreements and related documentation before sent to donors
- Review and assist in the preparation of inherited IRA applications and antimoney laundering/Know Your Customer compliance requests
- Serve on university committees as assigned e.g. gift acceptance committee
- Prepare special analyses or adhoc reports as requested
- In coordination with inhouse and outside counsel draft and negotiate endowed fund agreements and other gift agreements
- In coordination with inhouse and outside counsel review and negotiate as necessary receipt release and refunding agreements and other estaterelated documentation
- Maintain current knowledge of legal and tax regulations impacting charitable giving and assist in training and informing DAR staff
- Monitor state gift annuity regulations and advise Gift Planning staff accordingly
Rice University HR Benefits: Mission and Values:Mission and Values Rice University
Rice University is committed to ensuring Equal Employment Opportunity and welcoming the fullness of diversity into our candidate pools. Rice considers qualified applicants for employment without regard to race color religion age sex sexual orientation gender identity national or ethnic origin genetic information disability or protected veteran status. Rice also provides reasonable accommodations to qualified persons with disabilities. If an applicant requires a reasonable accommodation for any part of the application or hiring process please contact Rice Universitys Disability Resource Center ator for support.
If you have any questions please email us at. Thank you for your interest in employment with Rice University.
Required Experience:
Manager
Employment Type
Full-Time
