Estate Settlement Associate (Wealth Management)-839977
Fiduciary Trust International has been a trusted investment manager for individuals, families and foundations for more than 90 years. With world-class capabilities in investment management, trust and estate services, and custody services, we have the expertise to meet the requirements of the most sophisticated clients and their advisors and can help assure that their families’ needs will be met long into future generations.
In 2001, Fiduciary Trust joined forces with Franklin Resources, Inc., a global investment management company operating as Franklin Templeton. At Franklin Templeton, we are dedicated to delivering strong results and exceptional service to clients, team members and business partners. Our success has been a direct result of the talent, skills and persistence of our people, and we are looking for qualified candidates to join our team.
Our Estate Administration team, consisting of eight professionals based in New York, is hiring a motivated Estate Settlement Associate to join the team. The Associate will partner with our Estate Settlement Officers in managing High Net Worth estates. The Associate will interact directly with internal and external clients and outside counsel (legal counsel) and will manage follow-up and/or ongoing client deliverables. This position is perfect for a Paralegal or other professional wanting to work within the field of legal or wealth management. This position will start off remote until our offices reopen in 2022 (TBD) and this position may be eligible for a hybrid work schedule (partial work from home).
Provide support to our internal Estate Settlement Officers in making distributions, wire transfers, bill paying and other actions related to the estate administration process. May also initiate processing of wire transfers, discretionary principal payments, currency transactions, bill paying, deliveries/receives and gifts & contributions.
Works with our internal Estate Settlement Officers, Relationship Managers, Portfolio Managers, and Trust Officers on large and complex family relationships and prospects through the following:
Administration of accounts, preparing and coordinating estate plan summaries, preparation of cash flows, fee reviews, preparation of account summaries, preparation of customized PowerPoint presentations for use in client meetings, etc.
New Account Openings:
Analyze relevant documents to begin KYC as per account opening checklist. Review and discuss account openings with Estate Officer to determine proper administration of account, account type, requirements under state laws, dispositive provisions, beneficiaries and remaindermen, tax situs, GST status, fee analysis, etc. and in order to prepare account opening documents, and ticklers, remittance events and other account maintenance requirements. Perform legal and administrative analysis of new accounts for initial set-up of Administrative Reviews.
Manages all aspects of estate terminations and account closing in coordination with Estate Officer, Trust Counsel, Investment Officer and Tax Department.
Administrative Duties May Include:
Create, maintain, and use database or other electronic or paper document management systems, legal files and other fund records
Perform research as directed
Work on special projects with team and/or attorneys
Bachelor’s Degree required or commensurate experience
1 - 3 years of experience in the financial services industry or legal industry in a client-facing environment – ideally in a trust administration, corporate legal, or compliance department or law firm.
This role could be ideal for a Paralegal or someone wanting to work within the field of legal or wealth management
Ability to work in a team-oriented environment while balancing the needs of the client within Fiduciary Trust’s business objectives
Ability to work in a fast-paced team environment, effectively managing multiple clients and prioritizing tasks
Ability to exercise independent judgment consistent with department guidelines
Strong interpersonal and teamwork skills
Strong analytical skills with the ability to think strategically as it relates to client needs
Ability to maintain confidentiality and handle sensitive client account information
Excellent verbal and written communication skills, including writing, editing and proof-reading
Microsoft Office proficiency:
Word, Excel, Outlook, PowerPoint, SharePoint and other database applications
Ability to interact with senior management on a regular basis as well as high net worth clients
Ability to efficiently and effectively solve problems, demonstrating strong administrative and organizational skills, sound judgment, and personal initiative
What makes Franklin Templeton unique?
In addition to the dynamic and professional environment at Franklin Templeton, we strive to ensure that our employees have access to a competitive and valuable set of Total Rewards—the mix of both monetary and non-monetary rewards provided to you in recognition for your time, talents, efforts, and results.
Highlights of our benefits include:
Three weeks paid time off the first year
Medical, dental and vision insurance
401(k) Retirement Plan with 75% company match on your pre-tax and/or Roth, up to the IRS limits
Employee Stock Investment Program
Tuition Assistance Program
Purchase of company funds with no sales charge
Onsite fitness center and recreation center*
- Applicable at certain locations
We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and supporting our communities. An emphasis on corporate citizenship is embedded in our culture and values, and is an important element of how we achieve success.
We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals. Take some time to, meet some of our people, and see what it means to say, “I AM Franklin Templeton”.
Franklin Templeton is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing employees and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. We invite you to visit us at http://www.franklintempletoncareers.com/ to learn more about our company and our career opportunities.
Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation to search for, or apply for, one of our positions please send an email to accommodations@FranklinTempleton.com. In your email, please include the accommodation you are requesting and the job title and job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only requests for accommodations will receive a response.
Legal & Compliance
United States-New York-New York