Trust Administrator Relationship Associate
Job Location:
Coral Gables, FL - USA
Monthly Salary:
Posted on:
Vacancies:
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 a Trust Administrator / Relationship Associate (RA) to work in our Coral Gables FL office near Miami.
The RA partners with the firms Trust Officers Relationship Managers and Portfolio Managers in managing the wealth and financial needs of our High-Net-Worth clients. Associates interact directly with High-Net-Worth (HNW) clients and manage follow-up and/or ongoing client deliverables. As RAs gain more experience they take on greater responsibility on smaller client relationships so that Relationship Managers Portfolio Managers and Trust Officers can focus on larger and more complex client relationships.
Key Responsibilities
Works with Trust Officers Relationships Managers and Portfolio Managers on HNW family relationships and prospects including: account administration preparing wealth projections preparation of cash flows fee reviews and preparation of PowerPoint presentations for client meetings
Partners with Trust Officers to maintain client contact. Acts as a key point of contact for client and intermediaries with accountants attorneys and other advisors
Reviews daily overdraft report to determine how to cure income overdrafts. Coordinates with Portfolio Manager to raise cash to cure principal overdrafts
Initiates wire transfers discretionary principal payments currency transactions bill paying and gifts & contributions
Assists Trust Officers with trust terminations and account closing in coordination with our Trust Counsel and Tax Department
Partners with RM to understand client goals which may include attending client meetings to better understanding the clients extended family and subsequent generations
New Account Openings: Analyzes relevant documents to begin KYC. Reviews account openings with RM to determine proper administration of account state law requirements beneficiaries tax suits and fee analysis
Ideal Qualifications
Education & Experience:
Bachelors degree or equivalent experience
2-5 years experience in financial services with client-facing experience preferred
Trust Administration background and knowledge preferred; ability to review and interpret trust language a plus
Desire to learn and grow within the client service model
Basic knowledge of competitors desired
Knowledge Skills & Abilities:
Detail-oriented with the ability to multi-task and meet deadlines
Ability to work in a team-oriented environment while balancing the needs of the client
Effective interpersonal skills and relationship building skills
Ability to maintain confidentiality and handle client account information with discretion
Strong oral and written communication skills
Skilled in Microsoft Word Excel and PowerPoint
Ability to work in office a minimum of three days per week (in Coral Gables Florida)
Problem Solving & Decision Making:
Strong analytical skills with the ability to think strategically as it relates to client needs
Self-starter with strong problem-solving skills
Ability to practice good judgment while making basic business decisions
Ability to handle various projects and deadlines and prioritize each task appropriately
Learn More: Explore our companys online presence to learn about our culture and what its like to work at Fiduciary Trust International
Compensation: Franklin Templeton offers employees a competitive and valuable range of total rewardsmonetary and non-monetary designed to supporttheir well-being and recognize their time talents and with base compensation employees are eligible for an annual discretionary bonus a401(k) plan with a generous match and recognition rewards. We also offer a comprehensive benefits package which includes a range of competitive healthcare optionsinsurance and disability benefits employee stock investment program learning resources career development programs reimbursement forcertain educationexpenses 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 $71400 - $84000 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
