Join a team that values your ambition and empowers your growth
At Corient, we help high- and ultra-high-net-worth individuals and families to enjoy a full life, while enabling them to preserve their wealth for future generations, and provide for the people, causes and communities they care about. We focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations. We are always looking for talented and motivated individuals to join our team. If you want to work for a company that values your contributions and supports your growth, we would like to meet you.
Summary
This position will primarily support large, multi-generational relationships with Corient.
Administrative Duties
- Understanding and proactively executing on the unique needs of multi-generational clients.
- Coordinate, verify and pay trustees' Fees across accounts.
- Coordinate, verify and settle all Tax Payments (estimates and payments due) for trusts and individuals and send prepared letters informing the family members.
- Calculate year-end income payments by working directly with the families' accounting firms.
- Processing ongoing gifting to charities and the children of beneficiaries.
- Ensure any required IRA distributions are taken and coordinate and IRA Qualified Distributions with the accountant, so they are coded properly.
- Coordinate ongoing tax loss harvesting and trades across all portfolio.
- Check for investment losses to harvest on an ongoing basis
- Maintain an up-to-date family tree
- Coordinate the dissolution of trusts as necessary.
Money Movements
Execute all money movement requestsVerify that the payments are debited from the correct income and principal buckets and communicate as needed to the families.Confirm any payments made are properly received and processed accordingly on the receiving end.Keep copies of any outgoing checks for our records.Pay invoices on behalf of clients.Maintain records of the payments made for tax reporting purposesCoordinate payments both from the clients and the trusts liabilities related to their taxes.Monitor the principal and income balances of each trust on a weekly basis to ensure we have enough funds for upcoming distributions to beneficiaries.Send all tax payments via certified mailReporting Duties
Prepare investment review meeting material for three meetings per year with various branches client relationships, including trustees, beneficiaries, accountant and attorneyMaintain reporting for all trustees and beneficiaries to ensure they are receiving timely and accurate reporting on all relevant portfolios.Customize the information for meetings including purchase and sales summaries and explanation of thematic investment approachRunning weekly transactions reports to monitor and additions and withdrawals to the accounts.Review monthly statements for each account and maintain electronic records.Communication Duties
Proactively stay in contact with all family members from the branches on a quarterly basisCommunicate directly with the accountant frequently. We pay quarterly taxes, provide quarterly reporting on gains taken throughout the year, work together on tax cost questions of various positions in the account, determine if payments should be taken from the principal or income cash bucketsBe the direct point of contact for any trustees and beneficiaries.Receive trade approvals prior to executing any trades from the accountant and trusteesCommunicate any gifts over the annual exclusion amount to the attorney and the accountant.Miscellaneous
Provide financial planning and purchase information to family members around home and auto purchasesWork directly with each family's estate planning attorney with any questions on gifting, account titling, trust distributions, etc.Competencies
Detail orientationService orientationAction orientationCommunicationResponsivenessFollow-throughLI-Onsite
Physical Requirements
This position requires the physical capabilities to work in an office environment, which may include prolonged periods of sitting at a desk and working on a computer. Corient seeks to make reasonable accommodations that enable individuals with disabilities to perform essential duties when possible.This position may require the ability to lift up to 15 pounds.This position is required to work onsite 4 days per week.U.S. Eligibility Requirements
Must be 18 years of age or older.Must be willing to submit to a background investigation; any offer of employment is conditioned upon the successful completion of a background investigation.Must have unrestricted work authorization to work in the United States. For U.S. employment opportunities, Corient hires U.S. citizens or permanent residents. Exceptions to these requirements will be determined based on shortage of qualified candidates with a particular skill. Corient will require proof of work authorization.Corient participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. If E-Verify cannot confirm that you are authorized to work, this employer is required to give you written instructions and an opportunity to contact Department of Homeland Security (DHS) or Social Security Administration (SSA) so you can begin to resolve the issue before the employer can take any action against you, including terminating your employment. Employers can only use E-Verify once you have accepted a job offer and completed the Form I-9.Must be willing to execute Corient's Employee Agreement or Confidentiality and Non-Disclosure Agreement, which require, among other things, post-employment obligations relating to non-solicitation, confidentiality, and non-disclosure.What You Can Expect from Us
Our dedication to the Employee Experience at Corient is aimed at supporting, empowering, and inspiring our talented team through :
401(k) Plan with Employer MatchingFour Medical Plan options that is generously subsidized by CorientEmployer paid Dental, Vision & Life and AD&D InsuranceEmployer paid Short-term & Long-term DisabilityPaid Maternity & Parental LeaveFlexible Spending Accounts & Health Savings AccountsDependent Care FSACommuter & Transit FSACorporate Discount Program - PerkspotTraining ReimbursementPaid Professional DesignationsGiving back to the community - Volunteer daysCorient is an integrated national U.S. wealth management firm providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients. We combine the personal service, creativity and objective advice of a boutique with the power of an exclusive network of experienced advisors, capabilities and solutions to create a profoundly different wealth experience. As fiduciaries, we put our clients at the center of everything we do. We focus on exceeding expectations, simplifying lives and establishing lasting legacies.
Full participation of all employees in a safe, healthy and respectful environment is key to individual and company success. We are committed to fully utilizing the abilities of all our employees and expect each of our employees to honor this commitment in their daily responsibilities.
We are an equal opportunity employer. All candidates will be recruited and, if applicable, selected and employed without regard to sex, race, religion, marital status, veteran status, age, national origin, sexual orientation, gender identity, color, creed, ancestry, disability, genetic information or any other basis prohibited by law.
