Wealth Management Solutions, Trust & Estates- Estate Officer - Vice President
Wealth Management Solutions, Trust & Estates- Estate Officer - Vice President
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Job Description
Job Summary:
As a Wealth Management Solutions. Trust & Estates- Estate Officer - VP within the Global Trusts & Estates Practice you will be responsible for overseeing the administration of estates or terminating includable trusts. You will analyze Wills and trust documents make recommendations oversee investment decisions work with Tax Officers and trust counsel to resolve tax issues and address questions raised by beneficiaries co-executors and co-trustees and their advisors. You will also develop relationships with beneficiaries and advisors maintain current information on beneficiaries and partner with Wealth Advisors Bankers Investors and Trust Officers to grow the trust and estate business. Your role will also involve training and personal development as well as assisting in training and developing Estate Administrators and Professionals.
The Global Trusts & Estates Practice is an integral part of the services we offer to clients. With over 170 years of experience in serving as a corporate fiduciary for families it is important that our Trusts and Estates services are delivered by the most capable people with technical experience as well as the ability to interact well with a variety of types of families and individuals. When JPMorgan is appointed as corporate executor or trustee of a trust includable in the gross estate of the decedent for estate tax purposes it is the Estate Officers role to oversee the administration of the estate or terminating includable trust.
Job Responsibilities:
Analyze Wills and trust documents for legal tax administrative and investment issues and coordinate delivery of services
Make recommendations regarding how the Bank shall exercise discretionary powers it has as executor and or trustee
Oversee investment decisions including working with investors to ensure that the trusts investment objective is appropriate for the needs of the trust and applicable fiduciary law and that the trust is invested in accordance with its investment guidelines (Mandate)
Work with Tax Officers and trust counsel to resolve tax issues
Address questions raised by beneficiaries co-executors and co-trustees and their advisors
Work in a team-based environment. develop relationships with beneficiaries and advisors in order to have appropriate knowledge to carry out the decedent and or grantors purposes and meet the needs of the beneficiaries
Maintain current information on beneficiaries and their changing needs and circumstances in order to prudently carry out the firms fiduciary duties and to provide superior client service
Partner with clients other advisors (attorney accountant); highly respected by external professional advisor community
Develop retain and deepen client relationships
Partner with Wealth Advisors Bankers Investors and Trust Officers to grow the trust and estate business. This includes participating in team discussions and strategy around structuring pricing and closing trust and estate services including: estates family trusts charitable trusts and specialized Delaware trusts
Cross-sell JPM products/services; maintain and develop strategies for increasing business with current clients; professional advisor cultivation
Reading the fiduciary materials which are circulated to each Estate Officer attending in-house and external seminars and taking required Proficiency Training courses offered internally on a quarterly basis
Assist in training and developing their Estate Administrators and Professionals including performance management and feedback
Required Qualifications Skills and Capabilities
- In-depth knowledge of all fiduciary products and services including all legal tax and regulatory requirements applicable to fiduciary relationships
- Minimum of 7 years of relevant experience focused in the Trust and Estates business; either at a corporate fiduciary or a law firm
- Solid Client Relationship Management experience
- Comprehensive knowledge of trust and estate law income transfer and generation skipping taxation with ability to apply that knowledge to post-mortem planning exercises and account administration
Preferred Qualifications Skills and Capabilities
- Bachelors Degree required; MBA or other advanced degree is a plus; preferred
- Knowledge of internal procedures involving distributions account maintenance account opening/closing Investment Systems and Annual Reviews and management of overdrafts - is a plus.
Required Experience:
Chief
Employment Type
Full-Time
