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Full-timeDescriptionThe Trust Advisor is accountable for the administration of a complex book of personal trust accounts, including revocable and irrevocable trusts, estates, guardianships/conservatorships and related accounts in a fast-paced, high-volume environment. The position requires in-depth knowledge of estate planning governing documents and account agreements. In addition, this position requires extensive knowledge of fiduciary duties and applicable laws (including trust and tax law), estate planning techniques, financial planning, asset management and prudent investment principles, and regulatory and compliance requirements. Administration includes providing high-quality service to clients/beneficiaries (and Private Wealth Advisors) and developing new relationships to promote the growth and profitability of Blue Trust.
Administration also includes coordination with external partners (Attorneys, CPAs), and internal support partners (Compliance, Investments, and Operations) to ensure accurate, timely and efficient administration and to manage risk.
Principal Accountabilities:
- Administer assigned personal trust, estate, and terminating trust accounts in accordance with governing instrument/bank policies and Federal/State laws/regulations.
- Review estate planning documents in accordance with the new account acceptance process and discretionary distribution process.
- Carry out duties of a Conservator/Guardian in accordance with directions of the Court/State Laws/governmental agencies and within RBT policies/procedures.
- Responsible for appropriate risk management of assigned accounts in compliance with company policies and procedures.
- Oversee preparation of applicable tax returns (income and estate/gift tax) for assigned accounts.
- Work closely with portfolio managers, operations, other team members and strategic partners.
- Support business development activity, including enhancement of relationships with existing/potential clients/co-fiduciaries and cultivation/maintenance of relationships with centers of influence (PWAs, planners, attorneys, certified public accountants, etc.)
- Act as a technical resource to colleagues within and outside of the Personal Trust & Estate Settlement team.
- Serve as member of Trust and Estates Management Subcommittee and other committees as appointed.
- Keep abreast of federal/state trust regulations/tax laws and any impact from changes to those regulations/laws.
- Serve as a mentor and advisor to other Trust Advisors and Specialists relative to operational requirements and workflow processes.
- Participate in other projects and assignments as needed.
- Assists in development of key internal procedures and controls.
- Interacts positively and professionally with Personal Trust clients.
- Demonstrates and models confidence, knowledge, and a willingness to take ownership of complex situations/ issues and follow them through to resolution.
- Approaches work, interactions, and relationships in a manner consistent with the company’s Core Values.
- Demonstrates in-depth knowledge of those portions of both the Old Testament and New Testament of the Bible with scriptural references to money and finances, and ability to apply and integrate this knowledge into all phases of client counsel.
- Understands the financial planning philosophy and biblical basis upon which Ronald Blue Trust serves its client base and applies these principles in personal finances.
- Maintains the highest Compliance standards by adhering to the firm's Human Resources guidelines, Compliance policies and procedures, professional designation standards, and industry's regulatory standards to mitigate risk to the firm.
Requirements
- Excellent people skills, including ability to gain the trust and confidence of others.
- Effective team player with ability to establish positive working relationships across departments.
- Ability to effectively prioritize workflow and manage multiple priorities.
- Ability to work with department management to ensure that trust administrative functions are performed efficiently and in compliance with applicable regulations and guidelines.
- Ability to influence without authority.
- Demonstrated leadership and mentoring skills.
- Seeks continued development of fiduciary and advisory skills through training and experience.
Education, Experience & Skills:
- Juris Doctor Degree or CPA preferred.
- 5+ years of trust administration, estate planning, estate settlement, tax or equivalent experience required, with direct client interaction. Trust and/or estate law practice experience is strongly preferred.
- Bachelor’s degree or equivalent experience is strongly preferred
- Strong understanding of personal trust, legal, accounting, tax, regulatory and investment concepts as they apply to estate and trust administration.
- Thorough knowledge of discretionary distribution analysis, estate planning, compliance, IRAs and tax concepts.
