Trust Administrator

International Search Consultants

Job Location:

Wilmington, DE - USA

Monthly Salary: Not Disclosed

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

Trust Administrator Fiduciary Administrator

Wilmington DE

ISCs team of Financial Services Recruiters is partnering with a prominent and growing global investment firm. The firm specializes in providing customized global investment management and investment advisory services to their clients Ultra-High Net Worth individuals families trusts foundations and endowments.

The Firm is seeking a talented Trust/Fiduciary Administrator for their Trust role offers tremendous long-term career development and continued growth opportunities as they continue to expand. The Trust Administrator will be instrumental in reading interpreting and administering Trusts for UHNW clients. This individual will partner with the Fiduciary Counsel team on sophisticated wealth planning strategies including trust & estate planning and oversight.

Qualifications:

Bachelors degree required.
Ideally this person is in process of completing or holds the Certified Trust and Financial Advisor (CTFA) designation however not required.
Minimum of 3 years of estate and trust administration experience.
Requires knowledge of personal trust IRAs estates and official guardianship administration.
Hands on experience with UHNW Clients.

Rewards:

Rapidly growing and well-established organization.
Growth opportunity to work with complex trusts.
Competitive total compensation program inclusive of base salary bonus and profit sharing with excellent benefits.
Rewarding culture and team within a client focused family-oriented firm.

Core Responsibilities:

Providing complete administration of personal trust accounts for moderately to complex situations.
Represents the Firm in contact with Ultra High Net Worth Clients outside counsel CPAs and other outside parties.
Administers assigned personal accounts studies and analyzes the trust instrument and determines and adheres to the responsibilities duties and terms of the governing trust document.
Calculates principal and income statements.
Calculate Annual CRT Unitrust and Power to adjust distributions.
Monitors account activity ensuring compliance with established policies procedures rules and regulations.
Partners with Senior Trust Officer and Fiduciary Counsel on more complex problems and situations
Obtains appropriate documentation on accounts ensuring client accounts are up to date.
Authorizes payments from accounts considers tax liabilities and recommends/approves discretionary payments.
Contact clients with required minimum distributions from IRAs and order distributions as well as other distributions from IRAs.
Open collect assets and tax information for custody accounts. Transfer cash and assets as requested.
Initiate and monitor asset transfers.
Maintain and review fees and ensure client billing is correct. Additionally maintain internal reviews of all accounts and coordinate with Fiduciary Counsel and Investment Advisors as needed.

How to Apply:

Please contact Lisa Finch

Required Experience:

Unclear Seniority

Trust Administrator Fiduciary AdministratorWilmington DEISCs team of Financial Services Recruiters is partnering with a prominent and growing global investment firm. The firm specializes in providing customized global investment management and investment advisory services to their clients Ultra-Hi...