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Estate Settlement Trust Advisor

Company: Comerica
Location: Walnut Creek
Posted on: May 25, 2023

Job Description:

We invite you to explore the award-winning culture, people, rewards and opportunities that make Comerica Bank so special. Make your next career choice a confident one. Job Description Trust Advisor II (Estate Settlement Officer)
Comerica's estate settlement unit is team of knowledgeable and experienced professionals, whose goal is to make the estate settlement process as seamless as possible for all concerned. As a Trust Advisor II in Estate Settlement, you will be responsible for serving as an Executor or Personal representative for a book of estate related administrative accounts, and providing support to our client families knowing the period following a death of a loved one can be a difficult time.
Position Competencies
Successful incumbents possess effective communication skills, problem solving skills, appropriate functional and technical skills, the ability to multitask, meet service standards and are focused on the customer.
Position Responsibilities:

  • Manages estate settlement accounts in accordance with the terms of the various governing documents, applicable law, and consistent with the needs of the principals, income beneficiaries, and remaindermen.
  • Reviews, analyzes and interprets documents for direction; evaluates accounts for completeness and accuracy, monitors and reviews account transactions, responds to incoming correspondence and any other client requests to ensure compliance with the governing document, applicable law and policies and procedures.
  • Works with manager in developing solutions to most issues brought forth by principals, income beneficiaries and remaindermen such as requests for special distributions, fee issues or disputes.
  • Oversees the opening and closing of estate related administrative accounts, ensures the receipt of proper and legally required documentation, ensures the full and complete transfer of assets, their cost basis, and the proper characterization of cash as income or principal, ensures all tax codes and account administration codes are accurate and oversees tax reporting activities, coordinating with outside CPAs and advisors.
  • Communicates directly with our Financial Advisor partners, clients, and internal business partners. Providing timely updates on all account related activity and responding quickly to requests.
  • Develops new business through our network of internal and external business partners. Qualifications Position Qualifications:
    • Bachelor's Degree from an accredited university
    • 5 years of experience serving as an account administrator in a specific area of expertise to include trust administration, investments or insurance in a client service capacity
    • 4 years of business development experience in trust administration, investments or insurance Work Hours 8:00am - 5:00pm Monday - Friday WorkBest Job Category Category D - 1-2 days in office on designated days/3-4 days remote Minimum Salary Range Maximum Salary Range Work Location(s) About Comerica We know that our employees are critical to our overall success. We are dedicated to investing in their future to maintain long-term relationships for lasting commitments. One of the ways we do this is to offer a comprehensive package of compensation and benefits programs which are regularly reviewed to maintain them at competitive levels. Your salary will be commensurate with your work experience.Upon offer, Comerica conducts a comprehensive background and fingerprint check.NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by the Business Bank, the Retail Bank, and Wealth Management. Comerica's more than 9,000 colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.

Keywords: Comerica, Walnut Creek , Estate Settlement Trust Advisor, Other , Walnut Creek, California

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