Trust Administrator – Fiduciary Administrator, Wilmington, DE

 

ISC’s team of FINANCIAL SERVICES RECRUITERS are partnering with a prominent Wealth Manager (RIA) with a Trust Company outside of Wilmington, DE. Their clients include high net worth individuals, families, institutions, trusts and foundations.

Due to growth, the Firm is looking to add a Trust Administrator to join their Trust team. The role offers tremendous long-term career development and continued growth opportunities as they continue to expand.

The Trust Administrator will be instrumental in reading, interrupting and administering Trusts for UHNW clients. This individual will partner with the Fiduciary Counsel team on sophisticated wealth planning strategies including trust & estate planning and oversight.

Excellent benefits and competitive base and yearly bonus.

 

Trust Administrator – Fiduciary Administrator Job Description:

  • Providing complete administration of personal trust accounts for moderately to complex situations.
  • Represents the Firm in contacts with Ultra High Net Worth Clients, outside counsel, CPA’s and other outside parties.
  •  Administers assigned personal accounts, studies and analyzes the trust instrument and determines and adheres to the responsibilities, duties, and terms of the governing trust document.
  • Calculates principal and income statements.
  • Monitors account activity ensuring compliance with established policies, procedures, rules, and regulations.
  • Partners with Fiduciary Counsel on more complex problems and situations
  • Obtains appropriate documentation on accounts ensuring client accounts are up to date.
  • Authorizes payments from accounts, considers tax liabilities, and recommends/approves discretionary payments.
  • Contact clients with required minimum distributions from IRAs and order distributions as well as other distributions from IRAs.
  • Open, collect assets, and tax information for custody accounts. Transfer cash and assets as requested.\
  • Initiate and monitor asset transfers.
  • Maintain and review fees and ensure client billing is correct. Additionally, maintain internal reviews of all accounts and coordinate with Fiduciary Counsel and Investment Advisors as needed.

 

Trust Administrator – Fiduciary Administrator Job Description Qualifications:

  • Bachelor’s degree required.
  • Ideally this person is in process of completing, or holds the Certified Trust and Financial Advisor designation, however, not required.
  • Minimum of 2 years of estate and trust administration experience.
  • Requires knowledge of personal trust, IRAs, estates and official guardianship administration.
  • Exposure to UHNW Clients.

 

Click here to apply ONLINE

How to Apply:
Please contact Lisa Finch, lisaf@iscjobs.com, 888-771-1488

Referrals – Do you know someone who may be a fit?
We gladly pay $500 for referrals that result in hire and keep all referrals confidential, unless you ask us to use your name. We’re looking for sharp Trust Administrators and ideally candidates that are not looking – who’s name comes to mind?