AWM- Trust & Estates Administrator , VP

JPMorganChase•Newark, NJ

About The Position

As a Trust Administrator within J.P. Morgan Asset & Wealth Management’s Global Trusts & Estates Practice, you will support the delivery of trust and estate services under the supervision of a Trust Officer. You will help administer accounts, ensure account records are properly established, communicate with beneficiaries and co-trustees, and manage ongoing account administration. The role also involves risk management, client relationship management, personal development, and training. It offers the opportunity to develop expertise in the trust and estates industry and serve a diverse range of clients as part of a team with a long history of corporate fiduciary service to families.

Requirements

Bachelor’s degree required.
Relevant experience in the trust and estates industry.
Experience administering and supporting trusts and estates, including a general understanding of fiduciary products and concepts and legal, tax, and investment knowledge.
Client servicing capabilities, including client knowledge, relationship management, and proactive communication.
Teamwork and personal effectiveness, including clear and concise communication, time management, adaptability, delegation, coaching, and training.

Nice To Haves

Knowledge of trust and estate law and income, transfer, and generation-skipping taxation, with the ability to apply that knowledge to post-mortem planning exercises and account administration.
An advanced degree such as a JD, an industry certification such as Certified Trust and Financial Advisor (CTFA), or a paralegal certificate with paralegal experience in trust and estate practice.

Responsibilities

Work with the Account Opening Group to open estate or trust accounts.
Interpret governing instruments and applicable law to set up account records properly, including payments, fee schedules when appropriate, and tax records.
Communicate administrative procedures to beneficiaries and co-executors or co-trustees.
Analyze wills and trust documents for legal, tax, administrative, and investment issues, and coordinate delivery of services.
Handle ongoing day-to-day account administration and proactively manage accounts to avoid or minimize service and operational issues.
Work with Tax Officers and trust counsel to resolve tax issues.
Assist the Trust Officer in maintaining current information about beneficiaries and their changing needs and circumstances, supporting the firm’s fiduciary duties and client service.
Assist the Trust Officer in partnering with clients’ other advisors, such as attorneys and accountants, and maintain relationships with the external professional advisor community.
Develop, retain, and deepen client relationships.
Partner with Wealth Advisors, Bankers, Investors, and Trust Officers to grow the trust and estate business.
Participate in team discussions and strategy concerning the structuring, pricing, and closing of trust and estate services, including estates, family trusts, charitable trusts, and specialized Delaware trusts.
Support the Trust Officer through personal development and training.