Director, Private Wealth Trust

Job Description Summary

Leads a team focused on work or projects of broad scope and complexity to personal trust accounts. Resolves or recommends solutions to highly complex problems. Regular contact with senior management and other internal customers is required to identify, research, and resolve accounting issues and provide comprehensive solutions to complex problems or needs.

Job Description

Job Summary

Under limited supervision, uses specialized knowledge and skills obtained through experience, training or certification to further develop, grow, enhance, and maintain tailored trust and estate administration solutions, including, but not limited to leading the Private Wealth Trust program for high-net worth and ultra-high-net worth clients. Leads other associates and corresponding department managers, as well as works on projects of broad scope and varying complexity. Resolves complex problems; identifies revenue, client growth, and advisor engagement opportunities; engages regularly with clients, advisors, and third parties; and enhances applicable policies, procedures, and service offerings related to uniquely tailored fiduciary services. Candidate may administer a limited portfolio of high-net-worth personal trust accounts. Regular contact with senior management and other internal customers is required to identify, research, and resolve departmental or account-related issues and provide comprehensive solutions to complex problems.

Essential Duties and Responsibilities

• Identify, develop, and implement strategic initiatives related to the Private Wealth Trust program.
• Plans, assigns, monitors, and manages the work of others.

• Reviews performance and evaluates results achieved by subordinates.

• Coaches and mentors subordinates.

• Interprets, applies and recommends changes to organizational policies and procedures.

• Reviews progress of assignments with senior management.

• Balances conflicting resource and priority demands.

• Administers and/or supervises the administration of sophisticated and complex trusts and estates in accordance with statutes and regulations.

• Participates in the complex income and estate/gift/GST tax planning and preparation process, performs such tax planning functions as may be appropriate and effectively explain tax matters to beneficiaries, Financial Advisors and other relevant parties.

• Interacts with Financial Advisors and clients in defining goals and objectives, working along with the investment officer to establish the appropriate asset allocation and to review and approve portfolio changes in trust involving more complex situations and/or assets.

• Interacts with beneficiaries, their advisors and Financial Advisors in the personal trust administration and/or trust and estate settlement process.

• Engages with firm affiliates, marketing, business development, and other related departments to drive product and/or fiduciary services awareness

• Exercises discretionary personal trust administrative authority as may be allowed by the Policies and Procedures.

• Assists New Business Development personnel and Financial Advisors in the sales process through personal meetings, conference calls and seminar events.

• Answers general Financial Advisor inquiries regarding complex estate planning, trust services, estate and trust settlement services, retirement and charitable planning, taxes, special needs planning, and other relevant topics.

• Lead the work of others; coaches and mentors less experienced staff.

• Develops and maintains strong relationships across all levels of the organization.

• Reviews progress of assignments with executive leadership/management.

• Performs other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities

Knowledge of

• Management principles.

• Trust Code of Florida, or other applicable states.

• Finance and Accounting.

• Basic concepts, practices and procedures of income tax planning and preparation process.

• Advanced concepts, practices and procedures of fiduciary income tax as well as gift/estate/GST planning and preparation process.

• Advanced concepts, principles and practices of Fiduciary laws and principles sufficient to administer complex and sophisticated personal trusts with unique or unusual assets.
• Complex estate planning principles applicable to high-net worth individuals or families, special needs planning opportunities, retirement planning, and common philanthropic strategies  

• Fundamental in