Estate Settlement Advisor - Commerce Trust

Commerce Bank•Clayton, MO

1d•$80,000 - $107,000•Onsite

About The Position

The main purpose of the Estate Settlement Advisor (ESA) is to serve our clients and partner with our Private Client Advisors (PCA’s) in any decedent matters that result in Commerce Trust (CT) being appointed as Personal Representative or Successor Corporate Trustee, including deaths of Grantors of Revocable and Irrevocable Trusts with Commerce Trust as Trustee, or where CT has been retained by the Trustee or Personal Representative to perform these duties in an Agency relationship.

Requirements

Working knowledge of wealth management services, such as wealth transfer planning, taxation, estate planning, and wealth management products and services acquired through work-related experience
Understanding of fundamental legal, tax, and financial concepts
Ability to work in a team-based environment, assist with tasks, and participate in meetings effectively
Professional presence and approach with a desire to meet client expectations
Willingness to learn and develop skills through continuing education
Ability to support and collaborate with team members
Strong customer service skills to interact with clients and address their needs
Problem-solving skills to identify issues and propose solutions
Basic research skills to gather and analyze information
Ability to maintain a valid driver’s license and meet Commerce Bank’s driving record criteria; ongoing employment may be contingent upon meeting all driving requirements
Motivated and organized self-starter with strong attention to detail and the ability to manage basic priorities
Inquisitive, agile, and strong team player with good written, verbal, analytical, and interpersonal communication skills
Ability to remain adaptable and resilient to all situations with an optimistic outlook and align with our culture and Core Values
Basic level proficiency with Microsoft Word, Excel, Teams, and Outlook
Bachelor’s degree or equivalent combination of education and experience required
3+ years of relevant trust and estates settlement experience as paralegal or similar role within the wealth management industry required

Nice To Haves

Experience working with high-net-worth clients in an advisory and fiduciary perspective preferred
Certified Financial Planner (CFP) and/or Certified Trust Fiduciary Advisory (CTFA) designation preferred

Responsibilities

Manage an assigned portfolio of accounts through the estate settlement process of which a high percentage will be low to moderately complex in nature. The degree of complexity is generally corelated to the size and nature of the gross estate, terms of governing document/s, asset mix, number of decision makers, beneficiaries, and other attributes that will increase the time and expertise required to successfully administer the estate.
Manage assigned portfolio of accounts with supervision
Participate in meetings with Wealth Management Consultant (WMC) and Private Client Advisor (PCA) to support ongoing development of new business opportunities that involve Estate Settlement
Participate in client meetings with PCA to support transition of responsibilities to ESA and provide overview of process for beneficiaries
Complete necessary due diligence and coordination of approval or declination to serve as Trustee or Personal Representative in accordance with CT policies and procedures
Manage responsibilities in a way that instills confidence in CT and enhances the ability to retain business upon completion of estate settlement process
With supervision, interpret the governing instrument and applicable law to establish account records, including payment and fee schedules. Write to beneficiaries and co-fiduciaries to outline administrative procedures.
Communicate with portfolio managers regarding investment objectives and liquidity needs
Identify, collect and secure decedent's tangible and intangible assets
Perform other duties as assigned