3 Trust Administrator Jobs in Wilmington, DE
Commonwealth Trust Company is Hiring a Trust Administrator Near Wilmington, DE
- BA/BS from an accredited 4-year college or university
- Additional certification (Paralegal certificate or CTFA) or education (Cannon or ABA
- Three years legal and/or trust experience
- Must be detail-oriented and have excellent organization and communication skills.
- Ability to read, analyze, and interpret requirements of trust documents, directions, and
- Ability to write reports, business correspondence, and procedure manuals
- Strong Computer skills, Ability to use Microsoft Office
- Past experience with trust accounting software (e.g., AccuTrust, Cheetah, SEI or
SunGard) preferred
DUTIES AND RESPONSIBILITIES (including but not limited to):
- Request, receive, evaluate, and organize required documentation in connection with
- Enter initial information for trusts into the Company’s accounting software and file
- Open bank and brokerage accounts for trusts.
- Handle directions for investment transactions to be carried out for trusts.
- Handle requests or directions for distributions from trusts.
- Make payments for trust expenses, including insurance premiums, etc. and ensure all
- Draft and send Crummey notices and other beneficiary notices when the Company is
- Record transactions and other information in the Company’s accounting software for
trusts and respond promptly to suspense items and other internal inquiries with
regard to assigned trusts.
- Perform annual reviews of certain aspects of Trusts.
- Assist in the preparation of bills for the company’s services as Trustee by reviewing
billing entries in the Company’s billing records and providing a description of the
services for invoices.
- Assist with the collection of amounts owed for the Company’s services as Trustee.
- Perform Patriot Act compliance for all new and transfer trusts and the relevant parties
- Assist in the training of one or more Trust Administrator Assistants, as requested.
- Provide a high level of service to our clients while complying with laws and regulations
- Open proposed account files. Prepare document comparisons (if applicable) for review
by Trust Counsel, obtain all documentation needed for account opening, conduct
background checks as needed. Establish and maintain excellent communications with
client, their attorney and other advisors.
- Finalize documents for execution, seeing that everything needed for review by Trust
- Respond promptly and professionally to client and external inquiries.
- Maintain current knowledge of developments affecting client accounts, including legal,
- Adhere to all operating policies and procedures and when working with support
personnel, ensure that they have done so as well.
Job Summary
Full Time
$61k-76k (estimate)
09/01/2024
10/31/2024
comtrst.com
Wilmington, DE
50 - 100
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