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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