Position Summary
The Trust and Estate Settlement Advisor is primarily responsible for oversight and management of a personal book of postmortem trust and estate settlement accounts, as well as, assisting and being a resource for the management of postmortem trust and estate settlement accounts across the organization. This position will report to the Director of Estate Settlement.
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Effectively oversee, manage and support postmortem trust and estate settlement account administration within Wealth Management in accordance with the terms of the governing instruments, trust and estate laws, local law, tax law and sound fiduciary principles.
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Participate in all facets of administration, including collection of assets, investment management decisions and coordination with tax partners.
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Maintain contact and communicate regularly with Advisors, beneficiaries, attorneys, accountants and other interested parties on all aspects of administration, including maintaining client files, preparing materials for client meetings, managing deadlines, collecting information necessary to complete reporting and filing requirements and attending to clients’ concerns and needs.
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Stay informed of all Bank and Wealth Management policies and applicable state and federal regulations.
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Collaborate with Fiduciary Advisors to effectively manage client expectations, create a great client experience and participate in relationship retention efforts.
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Responsible for outreach to the Wealth Management, Commercial and Retail teams for internal educational opportunities and sales opportunities by active promotion of Trust and Estate Settlement services.
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Participate in development and implementation of Trust and Estate Settlement Services policies and procedures.
Knowledge Of:
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Technical expertise on federal and state estate tax, and postmortem administration of trusts and estates
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Strong verbal and written communication skills
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Excellent time management skills
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Proven relationship management and team building capabilities
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High-level sales, presentation and client service expertise
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Standard business systems, including but not limited to trust accounting systems, Microsoft Office and Outlook
Ability To:
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Analyze and interpret governing trust and/or estate documents, professional journals, technical procedures, governmental regulations and federal and state statutes.
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Make confident independent decisions and provide timely client follow-up
- Promote teamwork and collaboration across all areas of Wealth Management
- Analyze and solve problems that frequently involve decisions based on a wide knowledge of many factors where application of advanced technical concepts is predominantly required
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On-going development and broadening of appropriate knowledge and skills
- Travel as needed
Education and Training:
- Requires a four-year college degree. JD highly preferred. Tax LLM and/or CPA a plus. Completion or enrollment in desirable wealth management designations, including MBA, CFP ®, CFA, and/or CTFA a plus.
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At least 5 years of significant experience in trust and estate settlement required.
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Demonstrated experience and understanding of wealth management solutions including
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investments, banking and trust concepts including, but not limited to asset allocation, advanced estate planning, retirement plans, insurance, and identification/implementation of additional wealth planning opportunities.
Compensation and Benefits
Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.
(Base Pay Range: $98,000 - $127,055/year)
Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being—now and in the years to come—are important to us. Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.
Equal Opportunity
Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.
Unsolicited Resumes
Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.
