VP Trusts & Estates Administrator – Strategic Fiduciary

Next Frontier Capital; Greenwich (CT); On-site; USD 90,000 - 150,000; Full time

Benefits offered by this job

Health care coverage

On-site health and wellness centers

Retirement savings plan

Backup childcare

Tuition reimbursement

Mental health support

Financial coaching

Job summary

JPMorgan Chase & Co. in Greenwich, CT seeks a Trust Administrative Officer to support the Global Trusts & Estates Practice in the daily administration of trust accounts and interdepartmental coordination.

The role requires 3–5 years in the trust and estates field, strong problem solving and client servicing skills, and the ability to collaborate with tax, legal, and investment teams to meet beneficiaries' needs.

Qualifications

• Bachelor's degree required.
• A minimum of 3-5 years’ experience in the trust and estates industry.
• Experience in the administration and support of trusts including general understanding of fiduciary products and concepts, including legal, tax and investments knowledge.
• Problem Solving/Risk Management – takes initiative, decisive, accountable, exhibits critical analysis and judgment.
• 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.
• Strong computer skills including proficiency with trust accounting system.
• Prior corporate trustee experience a plus.

Responsibilities

• Work with the Account Opening Group to open trust accounts.
• Interpret the governing instrument and applicable law to ensure the proper set-up of account records, including payments, fee schedules and tax records.
• Communicate with beneficiaries and co-trustees to outline administrative procedures.
• Respond to client issues, anticipate client needs, and prepare for and participate in client meetings with the Trust Officer.
• Work with the Tax Officers and counsel on income, gift, estate, and generation skipping taxes for the trust/estate and its beneficiaries.
• Respond to requests from beneficiaries for discretionary distributions. Prepare memoranda supporting recommendation regarding how the Bank shall exercise discretionary powers it has as trustee.
• Coordinate with Trust Officer on the communication of the decision to client and follow-up action on the request as necessary.
• Handle ongoing day to day administration of account, 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 a 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, Holistic Review and the AAR Variance Report to ensure that all exceptions are properly addressed and kept to a minimum.
• Communicate with Investors regarding investment matters and liquidity needs.
• Handle departmental projects relating to accounts and special assets.
• Participate on various committees as needed.
• When the trust terminates the account is transferred to the Trust Settlement group. The Trust Administrative Officer is responsible for ensuring appropriate steps are taken to minimize risk, including canceling payments and statements, where appropriate, and obtaining necessary documents for the Settlements group

Skills

Problem Solving

Client Servicing

Teamwork

Cross Selling

Computer Skills

Education

Bachelor's degree

Tools

Trust accounting system

Job description

JPMorgan Chase & Co. in Greenwich, CT seeks a Trust Administrative Officer to support the Global Trusts & Estates Practice in the daily administration of trust accounts and interdepartmental coordination.

The role requires 3–5 years in the trust and estates field, strong problem solving and client servicing skills, and the ability to collaborate with tax, legal, and investment teams to meet beneficiaries' needs.