Senior Wealth Manager

Cambridge Trust; Saugus (MA); On-site; USD 109,000 - 179,000; Full time

Job summary

Cambridge Trust, a division of Eastern Bank, seeks a seasoned Wealth Relationship Manager based in Saugus, MA to grow and manage high net worth client relationships. You will provide objective wealth advice, coordinating banking, lending, cash management and investment services.

Strong business development, client service and communication skills are essential. CFP preferred and 10+ years in financial services. The role involves overseeing portfolio administration and may supervise junior staff.

Qualifications

• CFP preferred.
• Bachelor’s degree in business, finance, or related field preferred.
• Minimum 10 years in financial services, including work with high-net-worth individuals and families and related entities.
• Strong business development, marketing, client service, analytical, time management, and decision-making skills.
• Excellent communication skills, both verbal and written.

Responsibilities

• Identifies and develops new clients to build wealth-management relationships.
• Maintains awareness of client goals, income, and spending to manage relationships.
• Proactively advises clients to present available financial services.
• Manages all aspects of opening, administering, and closing client accounts.
• Oversees setup of new clients with portfolio data for accurate reporting and mailings.
• Develops COI network to generate referrals and new business.
• Coordinates with other lines of business to serve clients’ financial needs.
• Participates in annual Administrative Reviews of accounts.
• Supports team members with guidance and skill development.
• May supervise Client Service Associates.

Skills

Business development

Marketing

Client service

Analytical

Time management

Decision making

Communication

Education

Bachelor’s degree in business/finance

CFP preferred

Job description

Cambridge Trust - A Division of Eastern Bank is hiring a highly experienced Wealth Relationship Manager based in Saugus, MA.

Hiring Range: $108,896 - $178,901

The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information

Acquires and develops new high net worth relationships, both personal and commercial, to offer full array of financial services. Develops new client relationships that can benefit from one or more of the Banks’ banking and wealth management services including banking services, residential and commercial lending, cash management, and wealth management. Oversees general administration of client relationships and performs wide variety of responsibilities related to serving clients. Manages all administrative aspects of portfolio of Wealth Management accounts.

Major Responsibilities:

• Identifies and develops new clients to build a relationship with goal of providing Wealth Management solutions. Provides clients with objective, comprehensive, and needs-based advice for building and preserving wealth and transferring to future generations.
• Maintains awareness of client’s goals, income, and spending to manage relationship
• Proactively advises and consults with clients and prospects to present Eastern Bank / Cambridge Trust’s available financial services.
• Manages assigned client relationships, including all aspects of opening, administering, and closing of client accounts.
• Oversees set-up of new clients with portfolio on trust accounting system to ensure accuracy of mailings, tax reports and statements, and account information.
• Develops and maintains strong centers of influence (“COI”) network that can serve as referral network for potential prospects and new clients.
• Engages with other lines of business within Bank to fully serve clients’ financial needs.
• Participates in required annual Administrative Reviews of accounts
• Provides expertise, guidance, and skill development support to other team members.
• May directly supervise work of Client Service Associates and/or Senior Client Service Associates.

Qualifications:

• CFP Preferred
• Bachelor’s degree in business, finance, or related field preferred
• Minimum 10 years in financial services including:
• 10 years’ experience working with high-net-worth individuals and families, privately held businesses, private partnerships, and non-profit organizations.
• Strong business development, marketing, and client service skills;
• Strong analytical, time management, and decision-making skills.
• Ability to build new relationships with both centers of influence, potential clients, and referral sources.
• Proven analytical and decision-making skills, with effective problem resolution.
• Excellent communication skills, both verbal and written, including proper business letter and email writing.
• Ability to prioritize, juggle a variety of tasks, and interact with staff at all levels.