Senior Wealth Management and Trust Assistant Administrator

DEVON Islamic; Chicago (IL); On-site; USD 43,000 - 52,000; Full time

Benefits offered by this job

Medical coverage

Dental & Vision coverage

Life Insurance

Disability insurance

401(k) with match

Legal coverage

Job summary

Devon Bank is seeking a Wealth Management and Trust Assistant Administrator to provide administrative, operational, and client service support to Wealth Advisors and the Trust Department. This role helps ensure an exceptional client experience by assisting with account administration, meeting coordination, client communications, and day-to-day operational activities.

Responsibilities include coordinating client communications, account openings/closings, distributions, and reporting, while

Qualifications

• 1-5 years of experience in financial services or wealth management.
• Bachelor’s degree in finance, economics or a related field.
• Excellent analytical skills and ability to interpret and understand financial data.
• Strong communication and relationship building skills.
• Proficiency in Microsoft Office Suite, particularly Outlook, Excel, and Word.

Responsibilities

• Maintain regular communication with clients to understand and respond to their financial needs and requests.
• Provide administrative support, including maintaining client information, processing documentation, and coordinating with internal departments.
• Coordinate account openings, closings, and distributions, ensuring all required documentation is complete and compliant with applicable policies and procedures.
• Process discretionary and recurring distributions, bill payments, and wire transfers accurately and efficiently.
• Prepare client account reports and presentations for client meetings.
• Communicate with clients, Wealth Advisors, auditors, and tax preparers as needed.
• Assist Administrators with client meetings, including reviewing trust and account agreements.
• Ensure compliance with applicable financial regulations, company policies, and established procedures.
• Perform other duties and responsibilities as assigned.

Skills

Analytical skills

Strong communication

Client relationship skills

Education

Bachelor’s degree in finance, economics or related field

Tools

Microsoft Office Suite

Job description

Description

Devon Bank is a mission-driven community bank with over 80 years of service to the Chicago area and beyond. As a Minority Depository Institution (MDI), we are proud of our commitment to diversity, respect, and service. With a growing footprint in Wealth Management, we’re seeking to hire a Wealth Management and Trust Assistant Administrator.

Position Summary:

The Wealth Management and Trust Assistant Administrator provides administrative, operational, and client service support to Wealth Advisors and the Trust Department. This role helps ensure an exceptional client experience by assisting with account administration, meeting coordination, client communications, and day-to-day operational activities.

Key Responsibilities:

• Maintain regular communication with clients to understand and respond to their financial needs and requests.
• Provide administrative support, including maintaining client information, processing documentation, and coordinating with internal departments.
• Coordinate account openings, closings, and distributions, ensuring all required documentation is complete and compliant with applicable policies and procedures.
• Process discretionary and recurring distributions, bill payments, and wire transfers accurately and efficiently.
• Prepare client account reports and presentations for client meetings.
• Communicate with clients, Wealth Advisors, auditors, and tax preparers as needed.
• Assist Administrators with client meetings, including reviewing trust and account agreements.
• Ensure compliance with applicable financial regulations, company policies, and established procedures.
• Perform other duties and responsibilities as assigned.

Requirements

• 1-5 years of experience in financial services or wealth management
• Bachelor’s degree in finance, economics or a related field
• Excellent analytical skills and ability to interpret and understand financial data
• Strong communication and relationship building skills
• Proficiency in Microsoft Office Suite, particularly Outlook, Excel, and Word.

Pay Range and Benefits:

We are committed to providing pay and benefits that help employees stay healthy, supported, and prepared for the future.

Some of these include:

• UnitedHealthcare (UHC) Medical coverage
• Dental and Vision coverage through Guardian
• Employer-paid Life Insurance, plus Short- and Long-Term Disability
• 401(k) with employer match
• Voluntary, employee-paid options such as legal coverage, accident insurance, pet insurance & more

The base pay for this role is: $31-$38 per hour based on experience.

EOE AA - Devon Bank is proud to be an Equal Employment Opportunity and Affinit? If you need assistance or an accommodation due to a disability, you may contact us at [e-mail] or you may call us at (773) - 465-2500.