Estate Administrator Associate - Trusts & Estates

J.P. Morgan; New York (NY); On-site; USD 90,000 - 130,000; Full time

Job summary

J.P. Morgan Private Bank is seeking an Estate Administrator in New York to support the estate and trust administration process.

You will work with the Account Opening Group to establish accounts, interpret instruments, and communicate with beneficiaries and co-executors to ensure proper setup and records. You will analyze Will and trust documents, manage day-to-day administration, oversee operations, and identify risks.

Qualifications

• Bachelor’s degree required.
• Relevant experience in the trust and estates industry.
• Advanced degree such as JD or paralegal certificate, with paralegal experience in trust and estate practice preferred.
• 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.
• Cross Selling and Retention skills.

Responsibilities

• You will work with the Account Opening Group to open estate or trust accounts.
• You will 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.
• You will 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.
• Oversee the work performed by various operational groups.
• Identify risk that might be incurred in connection with an estate or trust, consistent with any applicable policies and procedures governing the risk in question.
• Utilize risk management tools, such as the overdraft report, daily transaction report, Administrative Review, and the Variance Report to ensure that all exceptions are properly addressed and kept to a minimum.
• 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.
• You will work with Tax Officers and trust counsel to resolve tax issues.
• Knowledge of internal procedures involving distributions, account maintenance, account opening/closing, Investment Systems, Annual Reviews and management of overdrafts - is a plus.
• Address questions raised by beneficiaries, co-executors and co-trustees and their advisors.

Skills

Client servicing

Teamwork

Communication

Cross selling

Education

Bachelor's degree

JD or paralegal certificate

Job description

J.P. Morgan Private Bank is seeking an Estate Administrator in New York to support the estate and trust administration process.

You will work with the Account Opening Group to establish accounts, interpret instruments, and communicate with beneficiaries and co-executors to ensure proper setup and records. You will analyze Will and trust documents, manage day-to-day administration, oversee operations, and identify risks.