Relationship Associate
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Job Location:
Wilmington, DE - USA
Monthly Salary:
$ 75 - 85
Posted on:
6 hours ago
Vacancies:
1 Vacancy
Job Summary
Fiduciary Trust International is a premier investment and wealth management firm with a commitment to growing and protecting wealth across generations. We offer a dynamic and collaborative approach to managing wealth for high-net-worth and ultra high-net-worth individuals and families family offices endowments foundations and institutions. Our investment managers tax and estate planning professionals work together to develop holistic strategies to optimize clients portfolios while mitigating the impact of taxes on their wealth. As a fiduciary the guidance we provide is in the best interests of our clients without conflict or competing benefits. We offer boutique customization and deep expertise in specialized investment tax and planning strategies alongside sophisticated technology and custody platforms.
Fiduciary Trust International is owned by Franklin Templeton a dynamic firm that spans asset management wealth management and fintech giving us many ways to help investors make progress toward their goals. With clients in over 150 countries and offices on six continents youll get exposed to different cultures people and business development happening around the world.
Fiduciary Trust International is hiring an experienced Relationship Associate / Trust Administrator to serve as a critical member of our Wilmington DE market team when it comes to trust administration and providing Trust Officer and Manager support. This is a hybrid role with two to three days in office.
Key Responsibilities:
Trust Administration
- Manage cash balances to prevent overdrafts; act as cash manager for and coordinate with Portfolio Manager on raising cash to cure overdrafts.
- Ensure data on trust summary sheets is accurate and up to date.
- Prepare Discretionary Action Memorandums and arrange for beneficiary distributions.
- Arrange for the timely payment of trust expenses.
- Work with outside tax preparers to ensure tax filings and payments are made timely. Obtain tax documents as applicable (K1).
- Facilitate and implement investment and/or distribution directions for directed trusts.
- Arrange for the funding of trust accounts in facilitating payment of expenses and distributions.
- Participates in annual account reviews.
- Assists in remediation efforts and with special projects.
- Maintains solid working knowledge of internal policies/procedures regarding fiduciary and administrative issues.
- Demonstrates solid ability to interpret and apply terms of governing instrument.
Client Service
- Provide excellent client service to internal partners and high-net-worth (HNW) clients.
- Manage all follow-up and/or ongoing client service deliverables.
- Communicate with other areas within the company (Legal Marketing Operations Investment Management Estate Administration Compliance Account Services) to meet deliverables.
- Support Trust Officers on various types of client service matters.
Qualifications:
Education and Experience -
- 4 years trust experience required. Must have experience in trust administration
- Progress towards Trust school (e.g. Cannon Trust School) a plus
- Understanding of investments trust and estates
- Proficient with SEI / Global Plus or other trust accounting software
Knowledge Skills and Abilities -
- Strong oral and written communication skills
- Detail-oriented with the ability to multi-task and meet deadlines
- Strong organizational skills
- Ability to work in a team-oriented environment
- Strong interpersonal skills with the ability to interact with clients and internal partners
- Ability to maintain confidentiality and handle client account information
- Proficiency with Microsoft Word Excel & PowerPoint
Learn More: Click below to learn more about Fiduciary Trust International
Compensation Range: Franklin Templeton offers employees a competitive and valuable range of total rewardsmonetary and non-monetary designed to support their well-being and recognize their time talents and results. Along with base compensation employees are eligible for an annual discretionary bonus a 401(k) plan with a generous match and recognition rewards. We also offer a comprehensive benefits package which includes a range of competitive healthcare options insurance and disability benefits employee stock investment program learning resources career development programs reimbursement for certain education expenses paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing program. We expect the annual salary for this position to range between $75k - $85k depending on level of relevant experience plus discretionary bonus.
#LI-US
#Hybrid
Experience our welcoming culture and reach your professional and personal potential!
Our culture is shaped by the variety of perspectives and experiences brought by talent from around the world. Regardless of your interests lifestyle or background theres a place for you at Franklin Templeton. We provide employees with the tools resources and learning opportunities to help them excel in their career and personal life.
By joining us you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health saving for lifes adventures taking care of your family members or making a positive impact in your community we aim to have them covered.
Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and employees and we evaluate qualified applicants without regard to ancestry age color disability genetic information gender gender identity or gender expression marital status medical condition military or veteran status national origin race religion sex sexual orientation and any other basis protected by federal state or local law ordinance or regulation.
If you believe that you need an accommodation or adjustment due to a medical condition or disability to search for or apply for one of our positions please send an email to . In your email please include the accommodation or adjustment you are requesting the job title and the job number of the position you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.
Required Experience:
IC
About Company
Franklin Templeton Investments is a global investment manager. At the core of our business are multiple world-class investment management groups – Franklin, Templeton and Mutual Series – each operating independently and offering their distinct perspectives to financial advisors and th ... View more
