Unique Assets Administrator

M&T Bank Corporation; Princeton (NJ); On-site; USD 72,000 - 120,000; Full time

Benefits offered by this job

Competitive benefits

Paid volunteer time

Job summary

M&T Bank Corporation is seeking a finance professional to support the Unique Assets team, overseeing closely held business interests in fiduciary accounts and contributing to valuation and administration activities. The role emphasizes financial analysis, governance review, and collaboration with trust professionals for client service.

Ideal candidates have a bachelor’s degree with banking experience or alternatively six years of combined higher education and work experience, including

Qualifications

• Bachelor’s degree and at least two years of banking or similar financial institution experience.
• If no bachelor’s degree, six years of higher education and work experience including at least two years in banking.

Responsibilities

• Oversee administration of closely held business interests in fiduciary accounts.
• Conduct annual asset reviews analyzing financials, governance, and risks.
• Develop and update valuation estimates using financial data and valuation methods.
• Support corporate actions like sales, purchases, shareholder votes, and proxy requests.
• Assist in administering real estate holdings and life insurance policies.
• Collaborate with Relationship Managers and legal/external stakeholders to serve clients.

Skills

Analytical thinking

Attention to detail

Communication

Time management

Education

Bachelor’s degree

Six years combined education/work

Tools

Excel

Word

PowerPoint

Job description

Make an Impact in a Specialized Area of Wealth & Fiduciary Services

Are you a finance, accounting, or trust professional looking to expand your expertise in a highly specialized area of wealth management? Join our Unique Assets team and play a key role in the oversight, valuation, and administration of closely held businesses and other complex assets held within fiduciary accounts. This position offers the opportunity to work with a diverse portfolio of unique assets, collaborate with experienced trust and wealth professionals, and gain exposure to complex financial analysis, valuation methodologies, and fiduciary administration.

Primary Responsibilities

• Support the administration and oversight of closely held business interests, including corporations, partnerships, and limited liability companies held in fiduciary accounts.
• Perform annual asset reviews, analyzing financial statements, operating performance, governance documents, marketability, risks, and holding recommendations.
• Assist in developing and updating valuation estimates using financial data and appropriate valuation methodologies.
• Support corporate actions, including business sales, purchases, shareholder votes, proxy requests, and other asset-related activities.
• Assist with the administration of additional unique assets, including, but not limited to, real estate holdings and life insurance policies.
• Partner with Relationship Managers, trust professionals, legal advisors, and external stakeholders to deliver exceptional client service.
• Identify potential risks and ensure assets are administered in accordance with fiduciary responsibilities and regulatory requirements.

Education and Experience Required

• Bachelor’s degree and a minimum of two years of experience at a bank or another similar financial institution.
• In lieu of a bachelor’s degree, a combined minimum of six years of higher education and work experience, including at least two years’ experience at a bank or similar financial institution.
• Strong analytical and financial statement review skills.
• Advanced proficiency in Microsoft Excel and familiarity with Word, PowerPoint, and other business applications.
• Exceptional organizational skills, attention to detail, and written and verbal communication abilities.
• Ability to manage multiple priorities while working independently and collaboratively within a team environment.

Education and Experience Preferred

• Experience with closely held business assets, unique asset administration, trusts and estates, business valuation, audit, accounting, or compliance.
• Advanced degree and/or professional certifications such as CFA, CPA, CPA/ABV, ASA, or CTFA.
• Knowledge of fiduciary administration, valuation techniques, and wealth management practices.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $72,200.00 - $120,300.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location: Princeton, New Jersey, United States of America

Great companies have an enduring sense of purpose. With roots dating back to the founding of Wilmington Trust Company by T. Coleman du Pont in 1903, Wilmington Trust has been serving successful individual and institutional clients for more than a century. Wilmington Trust is internationally recognized and has a team of experienced and skilled professionals focused on delivering a high caliber of service to every client relationship. We are proud to be part of the M&T corporate family.

As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time each year.

Our core values – integrity, ownership, collaboration, curiosity, and candor – drive the work we do. We seek to further build upon our record of success by bringing in top talent and fresh skill sets while continuing to support the growth and development of all our team members. View M&T's Human Capital Report to learn more.

M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws.

M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.

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