What are the responsibilities and job description for the Trust Administrator position at CAPTRUST?
Overview
WHO are we looking for?
An energetic Trust Administrator Relationship Manager who will deliver high-level customer service to clients of the firm. The Trust Administrator Relationship Manager will join an established wealth management team to manage all aspects of trust administration for its clients. A competitive salary is offered for this role as well as expanding responsibilities with a rapidly growing firm. The position is located in the greater Boston, MA area.
Responsibilities
- Perform an administrative review of all distribution transactions made from irrevocable trusts to ensure proper tax codes and descriptions are used
- Assist with the calculation of UPIA or total return payouts for applicable irrevocable trusts
- Work with the Wealth Manager and Estate & Financial Planning group to prepare discretionary distribution request forms to be presented to the Fiduciary Committee
- Manage the 65-day distribution calculation process as well as payments to beneficiaries for applicable irrevocable trusts
- Manage the process for fiduciary tax payments & estimates
- Assist with the estate settlement process in the distribution of trusts to sub-trusts or beneficiaries
- Monthly review of principal and income balances for all irrevocable trusts to ensure net income is being distributed appropriately
- Ensure all trust documents, amendments, resignations are maintained in the CAPTRUST document management system
- Process trustee changes at custodians as required and update the CAPTRUST CRM
Qualifications
Minimum Qualifications:
- Bachelor's degree
- 5 years’ experience in trust administration
Desired Qualifications/Skills:
- CTFA, CFP or paralegal certification preferred
- Capable of understanding and interpreting trust documents is required
- Prior work experience at a registered investment advisor is a plus
- Ability to work independently
- Strong commitment to outstanding customer service
- High level of proficiency in Microsoft Office 365
- Prioritization and organizational skills, multi-task skills, able to manage many time-sensitive tasks simultaneously
- Ability to delegate tasks and projects to others within the organization, to follow up as appropriate, and to work in a team environment
WHAT can you expect from your career at CAPTRUST?
Our colleagues, like our clients, tend to stay with CAPTRUST for years. There's a reason for it; it's a great culture in which to work and grow. We all work together, each of us motivating those around us with our commitment to high standards. At CAPTRUST, expect a fully stocked break room, fun employee events, and a quality team surrounding you with opportunities for personal growth.
Our Employee Benefits Package shows how much we value our team. Some benefits include:
- Employee ownership opportunities
- Brick Bonus success sharing program
- Comprehensive health coverage Virgin Pulse wellness platform
- 401(k) program with a 5% employer match financial planning for colleagues
WHERE will you be working?
255 State Street, 6th Floor
Boston, MA 02109
Due to the nature of the role, this is not a remote or work from home position. #LI-Onsite
HOW do we build a world class organization one brick at a time?
We make it a priority to hire those who have a commitment to service, a real interest in other people, and a passion to continuously improve. Simply put: the difference at CAPTRUST is the quality of our people and depth of our bench. If you are ready to make your mark, we want to talk to you.
Are you the next brick?
To get it done the CAPTRUST Way, an individual should exhibit the following characteristics:
- Ability to build successful, collaborative, and trusting relationships
- Instinctive aptitude for consistently creating accurate, concise, respectful, and easy-to-understand verbal and written communications conveying complex information
- A strong sense of urgency about getting work done and solving problems to achieve results that benefit our clients and colleagues, even when faced with challenges
- Inherent desire to give back to our communities and enrich the lives of those around us
- An other-centered mindset
- Integrity through maintaining objectivity
EEO/Diversity Statement:
At CAPTRUST, we are committed to building and maintaining a diverse workforce and inclusive work environment where ALL colleagues feel authentically seen, respected, and supported.
CAPTRUST is committed to providing employment opportunities without regard to race, color, age, sex, sexual orientation, familial status, religious creed, national origin, ancestry, medical condition, marital status and registered domestic partner status, citizenship status, military and veteran status, disability, protected medical condition, genetic information, or any other status protected by law. CAPTRUST makes all employment decisions without regard to these protected statuses and does not tolerate harassment or discrimination. #mid-senior
