Unique Assets Administrator

Wilmington Trust; Princeton (NJ); On-site; USD 72,000 - 120,000; Full time

Job summary

M&T Bank in Princeton, NJ, is seeking a specialist in wealth and fiduciary services to oversee closely held businesses and other complex assets held in fiduciary accounts.

You will participate in asset reviews, valuation methodologies, and corporate actions, collaborating with relationship managers and legal advisors to deliver exceptional client service while ensuring regulatory compliance. This role offers growth in a highly specialized area of wealth management.

Qualifications

• Bachelor’s degree or equivalent with at least 2 years in banking or finance.
• Strong analytical and financial statement review skills.
• Advanced Excel skills; familiarity with Word and PowerPoint.
• Excellent organizational and communication abilities.
• Ability to manage multiple priorities independently and in teams.

Responsibilities

• Oversee closely held business interests in fiduciary accounts.
• Perform annual asset reviews and analyze financial statements.
• Develop and update valuation estimates using data.
• Support corporate actions and asset-related activities.
• Assist with administration of real estate and life insurance policies.
• Collaborate with relationship managers and legal advisors to service clients.
• Identify risks and ensure fiduciary/regulatory compliance.

Skills

Analytical skills

Financial analysis

Excel proficiency

Attention to detail

Written and verbal communication

Multitasking / prioritization

Education

Bachelor’s degree

Six years of higher education & work experience

Tools

Microsoft 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