Trust Advisor II - Personal Fiduciary Services
About The Position
Our strategic alliance is a professional collaboration between two great financial firms. Our alliance allows clients to take advantage of Comerica Bank - Trust, N.A.'s professional trust administration capabilities, as well as the services of their Financial Advisor, delivered through a customized, service-driven model. The Trust Advisor I is responsible for serving as a relationship manager for a book of business by providing by insight as to specific trust documents and overall estate planning. This position's direct involvement in business development is expected to contribute to the achievement of the annual net new business goal for the division. Position Competencies Successful incumbents possess effective communication skills, problem solving skills, appropriate functional and technical skills, the ability to multi task, meet service standards and are focused on the customer.
Requirements
- 4 years of general trust account administration or direct trust account administrator experience
Nice To Haves
- Bachelor's degree from an accredited university
- CTFA or ATFA designation
- Personal trust administration experience
- Experience with partnering with internal and or external Financial Advisors
- Demonstrated experience generating and retaining client relationships while meeting or exceeding sales goals if assigned
Responsibilities
- Manages more routine accounts in accordance with the terms of the various governing documents, applicable law, and consistent with the needs of the principals, income beneficiaries, and remaindermen.
- Reviews, analyzes and interprets documents for direction; evaluates accounts for completeness and accuracy, monitors and reviews account transactions, responds to incoming correspondence and any other client requests to ensure compliance with the governing document, applicable law and policies and procedures.
- Works with manager in developing solutions to most issues brought forth by principals, income beneficiaries and remaindermen such as requests for special distributions, fee issues or disputes.
- Oversees the opening and closing of accounts, ensures the receipt of proper and legally required documentation, ensures the full and complete transfer of assets, their cost basis, and the proper characterization of cash as income or principal, ensures all tax codes and account administration codes are accurate and oversees tax reporting activities, coordinating with outside CPAs and advisors.
- Provides comprehensive wealth planning advice to clients. May participate in projects which affect the broader business and improves efficiency of delivery of services to clients.
- Works with Advisor Solutions Trust Specialist's to develop new business through our partners. Develops referrals through their centers of influence.
Benefits
- health and welfare programs
- strong retirement benefits
- generous paid time off programs
- medical, dental, and vision benefits
- 401(k) and pension
- income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses
- time off programs for things like vacation, sick time, disability, and parental leave
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Credit Intermediation and Related Activities
Number of Employees
5,001-10,000 employees
