Senior Estate Advisory Specialist - Lead Fiduciary Advisory Specialist lo

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Senior Estate Advisory Specialist - Lead Fiduciary Advisory Specialist (LO)

The candidate will review and implement complex estate planning documents, identify problems and issues, offer solutions, manage beneficiary and COI expectations, work with internal partners, make post mortem elections, oversee the collection of assets, create plans of distribution, review fiduciary tax returns, deliver outstanding client service via proactive communication and status updates. Ensuring that account administration proceeds in an efficient manner and in accordance with post mortem planning, regulatory, statutory requirements, and internal policies. Preliminary risk analysis. Review and interpretation of estate planning documents. Identifying compliance/risk and potential tax issues. Review of related documents (estate and gift tax returns, income tax returns, accountings, etc.)., A high level of expertise in death settlement and estate and fiduciary income tax fields is required. Position requires a broad base of fiduciary knowledge, including estate administration, post mortem planning, retirement, insurance, time-value of money, and investments. Must be able to see the “big picture” with respect to a decedent’s estate, issues for the beneficiaries and potential revenue opportunities for the Bank. As such, the Senior Estate Advisory Specialist (LO) 2 is responsible for growing the credibility and enhancing the reputation of Estate Services internally and externally. Contribute to growth of the wealth management business by promoting Agency for Personal Representative or Trustee and future fee business internally and externally through presentations, active participation in Client Relationship Group (CRG) team meetings, partnering with CRG teammates, and actively seeking opportunities to tell the Estate Services story. Coordinate the marshaling of information necessary to complete a well-informed pre-acceptance process to ensure the acceptance of quality business and proper pricing of services. Specialty fiduciary expert that applies deep knowledge and skills in the area of trust and estate matters, investment management, wealth transition, and financial planning. May partner with a Relationship Manager or act as Relationship Manager in serving clients. Contributes to growth of the specialty wealth management business by participating in and initiating new client acquisition through leveraging fiduciary skills and specialized knowledge in the marketplace. In some cases, may administer and manage the risk of complex trust accounts in order to develop or expand relationships. As the relationship manager for a book of death settlement business, identifies and addresses issues with clients, underwriting/accepting new accounts, administering, terminating, distributes complex accounts. Proactively engages with clients in specialty wealth planning related conversations; collaborates with partners to develop and propose solutions. Communicates directly with clients, business partners and Centers of Influence including external resources i.e. accountants, attorneys, who are related to the client relationship as part of day to day administration. May be a team lead. Must have 5+ years of Fiduciary Advisory experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education and 5+ years direct experience in administering estates and deceased grantor trusts as an attorney or trust officer. Knowledge of complex estate planning, in-depth knowledge of estate, gift and fiduciary income tax laws. Ability to read, interpret and explain will and trust documents, probate laws, tax provisions (estate, gift and GST including funding formula provisions). JD, LL.M, CFP or CTFA designations. Experience in wealth management with high net worth clients of at least five million dollars. Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment. Ability to work independently. Excellent verbal, written, and interpersonal communication skills. Knowledge and understanding of fiduciary law and federal regulations. Strong attention to detail and accuracy skills. Strong presentation skills.

Additional Information

JoB ID: R-195437.

Company info

Wells Fargo
3201 W Cary st.
Richmond
Virginia
United States 23221
Website : https://www.wellsfargo.com/