Wealth Management Solutions, Trust & Estates, Trust Administrator Associate

JPMorganChase • Newark, NJ

15h • Hybrid

About The Position

J.P. Morgan Asset & Wealth Management is a global leader in investment and wealth management, serving a diverse range of clients worldwide. As a Trust Administrator within the Global Trusts & Estates Practice, you will be instrumental in delivering our Trusts and Estates services. Working under the guidance of a Trust Officer, your responsibilities will include account setup, communication with beneficiaries and co-trustees, and managing the daily administration of accounts. This role also encompasses risk management, client relationship management, and personal development. It offers a significant opportunity to grow your expertise in the trust and estates field, engage with a variety of clients, and contribute to a team dedicated to excellence in corporate fiduciary services for families.

Requirements

• Bachelor’s degree required
• Relevant years of experience in the trust and estates industry
• Experience in the administration and support of trust and estates including general understanding of fiduciary products and concepts, including legal, tax and investments knowledge
• Client Servicing – client knowledge, client relationships, proactive communication
• Teamwork/Personal Effectiveness – clear and concise communication, time management, adaptability to delegate, coaching and training

Nice To Haves

• 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.
• Advanced degree such as JD, industry certification such as Certified Trust and Financial Advisor (CTFA) or paralegal certificate, with paralegal experience in trust and estate practice

Responsibilities

• Work with the Account Opening Group to open estate or trust accounts.
• Interpret the governing instrument and applicable law to ensure the proper set-up of account records, including payments, fee schedules (when appropriate) and tax records.
• Communicate with beneficiaries and co-executors or co-trustees to outline administrative procedures.
• Analyze Wills and trust documents for legal, tax, administrative and investment issues and coordinate delivery of services.
• Handle ongoing day to day administration of accounts, and proactively manage account base in an effort to avoid and minimize service and operational issues.
• Work with Tax Officers and trust counsel to resolve tax issues.
• Assist the Trust Officer to maintain current information on beneficiaries and their changing needs and circumstances in order to prudently carry out the firm’s fiduciary duties and to provide superior client service.
• Assist Trust Officer to partner with client's other advisors (attorney, accountant); highly respected by external professional advisor community.
• Develop, retain and deepen client relationships.
• Assist the Trust Officer and partner with Wealth Advisors, Bankers, Investors, and Trust Officers to grow the trust and estate business.
• Participate in team discussions and strategy around structuring, pricing and closing trust and estate services including: estates, family trusts, charitable trusts, and specialized Delaware trusts.

Benefits

• comprehensive parental leave offerings
• inclusive family building programs
• discounted childcare

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees