Wealth Management, Trust & Estates, Trust Administrator – Associate

5-10 yrs required

Full-time

No

Proficient in Microsoft Office (Word, Excel, PowerPoint)
Excellent analytical and problem-solving skills
Strong attention to detail and organization skills
Ability to manage multiple tasks and prioritize accordingly
Ability to work independently and in a team environment
Excellent communication and interpersonal skills
Ability to build and maintain relationships with clients and colleagues
Strong understanding of trust and estate administration and relevant laws and regulations
Knowledge of tax and investment principles
Ability to interpret legal documents and apply them to account administration
Understanding of risk management and compliance processes

Salary Information

The average salary for a Trust Administrator is $71,000 per year in the United States. However, this can vary depending on the individual's level of experience, education, and the specific company they work for. Some companies may offer bonuses and other benefits in addition to the base salary.

Job Title

Wealth Management, Trust & Estates, Trust Administrator

Experience Information

Relevant years of experience in the trust and estates industry
Advanced degree such as JD, industry certification such as Certified Trust and Financial Advisor (CTFA) or paralegal certificate, with paralegal experience in trust and estate practice preferred.

Job Description Summary

The Wealth Management, Trust & Estates, Trust Administrator – Associate position at . Morgan is a highly sought-after role for individuals with experience in the trust and estates industry. This role offers the opportunity to work with high net worth individuals and families, providing them with personalized and comprehensive financial solutions. The Trust Administrator will be responsible for the day-to-day administration of trust and estate accounts, as well as developing and maintaining relationships with beneficiaries and external professional advisors. This position requires a strong understanding of trust and estate law, tax and investment principles, and risk management and compliance processes. A Bachelor's degree and relevant experience in the industry is required, with an advanced degree and industry certifications preferred. The average salary for this role is $71,000 per year, with potential for bonuses and other benefits.

H1: Wealth Management, Trust & Estates, Trust Administrator – Associate
H2: Job Description Summary

Bullet Points:

- . Morgan is a leading global financial services firm with over 260,000 employees and operations in over 60 countries.
- The Trusts & Estates Practice at . Morgan has over 170 years of experience in serving as a corporate fiduciary for families.
- The Trust Administrator position offers the opportunity to work with high net worth individuals and families, providing personalized and comprehensive financial solutions.
- This role requires a strong understanding of trust and estate law, tax and investment principles, and risk management and compliance processes.
- A Bachelor's degree and relevant experience in the industry is required, with an advanced degree and industry certifications preferred.
- The average salary for this role is $71,000 per year, with potential for bonuses and other benefits.
- The Global Trusts & Estates Practice is an integral part of the services offered to clients at . Morgan.
- The Trust Administrator will be responsible for the day-to-day administration of trust and estate accounts.
- The role also involves developing and maintaining relationships with beneficiaries and external professional advisors.
- . Morgan has been voted number 1 in the . for overall private banking services for over 7 consecutive years.
- The company has also been specifically recognized for its succession planning, advice, and trust services.
- The Trust Administrator will work with the Account Opening Group to open estate or trust accounts.
- They will also interpret governing instruments and applicable laws to ensure proper set-up of account records.
- The Trust Administrator will handle ongoing administration of accounts and proactively manage account base to avoid and minimize service and operational issues.
- They will utilize risk management tools to ensure exceptions are properly addressed.
- The role also involves developing relationships with beneficiaries and advisors to carry out the decedent and/or grantor's purposes and meet the needs of beneficiaries.
- The Trust Administrator will assist in maintaining current information on beneficiaries and their changing needs and circumstances.
- They will also partner with client's other advisors, such as attorneys and accountants.
- The Trust Administrator will also assist in growing the trust and estate business by cross-selling . Morgan products/services and developing strategies for increasing business with current clients.
- Personal development and training are important aspects of this role, with opportunities for reading fiduciary materials, attending seminars, and taking required training courses.
- The ideal candidate will have a Bachelor's degree, relevant experience in the trust and estates industry, and a strong understanding of trust and estate law, tax and investment principles, and risk management and compliance processes.
- An advanced degree, such as a JD, and industry certifications, such as Certified Trust and Financial Advisor (CTFA), are preferred.
- The average salary for this role is $71,000 per year, with potential for bonuses and other benefits.

Not applicable

Medical, Dental, Vision, 401(k), Paid Time Off

Not specified

for overall private banking services by euromoney, and we have been specifically recognized for our succession planning, advice and trust services

Legal