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Date Last Verified
Years of Experience
ProfileWealth Management – Trusts & Estates – Estate Administrator, Associate Duties: Work with the Account Opening Group to open estate or trust accounts. Interpret the governing instrument and applicable law to ensure the proper set-up of account records, including payments, fee schedules (when appropriate) and tax records. Communicate with beneficiaries and co-executors or co-trustees to outline administrative procedures. Respond to client issues, anticipate client needs, and prepare for and participate in client meetings with the Estate Officer. Work with the Tax Officers and counsel on income, gift, estate, and generation skipping taxes for the trust/estate and its beneficiaries. Handle ongoing day to day administration of accounts, 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 an estate or 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, 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. Estate Administrator must actively participate in dealing with interested parties and develop relationships with income beneficiaries, co-executors and co-trustees and intermediaries in order to have appropriate knowledge to carry out the decedent and or grantor’s purposes and meet the needs of the beneficiaries.
Qualification and Experience
Qualifications: Bachelor’s degree required. Advanced degree such as JD Degree, industry certification such as CTFA or paralegal certificate, with paralegal experience in trust and estates practice preferred. 3+ years’ experience in the trust and estates industry. Experience in the administration and support of estates and trusts including general understanding of fiduciary products and concepts, including legal, tax and investments knowledge. Experience with fiduciary platform a plus. Takes initiative, decisive, accountable, exhibits critical analysis and judgment. Vlient knowledge, client relationships, proactive communication. 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 systems.
JPMorgan Chase & Co,
383 Madison Avenue
New York City, NY 10179