Wealth Relationship Manager IV

Eastern Bank; Saugus (MA); On-site; USD 109,000 - 179,000; Full time

Benefits offered by this job

Total Rewards benefits

Retirement plan

Health insurance

Job summary

Cambridge Trust - A Division of Eastern Bank seeks a seasoned Wealth Relationship Manager based in Saugus, MA. You will develop high-net-worth client relationships and deliver comprehensive wealth management solutions.

Responsibilities include acquiring new clients, managing portfolios, and coordinating with lending, cash management, and other bank segments to meet client needs. A strong liaison with COIs and proactive advisory approach are essential.

Qualifications

• CFP preferred.
• Bachelor’s degree in business, finance, or related field preferred.
• Minimum 10 years in financial services including high-net-worth clients.
• Strong business development, client service and analytical skills.

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 and prospects on available banking and wealth services.
• Manages all aspects of opening, administering and closing client accounts.
• Sets up new clients on trust accounting system for mailings and tax reports.
• Develops and maintains COI network for referrals.
• Collaborates with other bank lines to meet client needs.
• Participates in annual Administrative Reviews of accounts.
• Provides guidance and skill development to team members.

Skills

Relationship management

Business development

Client service

Communication skills

Analytical thinking

Time management

Education

Bachelor’s degree in business/finance

CFP preferred

Tools

Excel

PowerPoint

Word

Job description

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.
• Excellent client service skills.
• Strong computer skills, including; Excel, PowerPoint, Word
• Ability to prioritize, juggle a variety of tasks, and interact with staff at all levels.
• Attention to Detail

About Us

At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us. We are proud to offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation and tuition reimbursement.

Eastern Bank is an equal opportunity employer. All job applicants will be considered for employment without regard to race, color, religious creed, national origin, sex, sexual orientation, gender identity, genetic information, military service, age, ancestry, or disability.

At Eastern Bank, we are dedicated to building a diverse, equitable, inclusive and authentic workplace. If you’re excited about this role but your experience doesn’t fully align with every qualification, we still encourage you to apply! You may be just the right candidate for this position or others across the company.