Nixon Peabody LLP
4150 - Trust Advisor
Nixon Peabody LLP, Boston, Massachusetts, us, 02298
Job ID:
4150Position:
Exempt StaffLocation:
Boston, MAPractice Area:
Private ClientsOpen Date:
Friday, August 16, 2024Job Function:
StaffJob Description:
The Trust Advisor is responsible for managing established trust, estate, retirement, and investment accounts. This position plays a vital role in ensuring excellent client service while performing complex trust administration and advisory functions within the Nixon Peabody Trust Company. The Trust Advisor collaborates with attorneys, portfolio managers, tax professionals, and firm Partners to ensure all needs are met in a professional and timely manner. A hybrid work schedule is available for this position.A career at Nixon Peabody is the opportunity to do work that matters. It's the chance to use your knowledge to shape what's ahead. To share, to innovate, to learn at a firm that taps the power of collective thinking.We've created a dynamic, energizing environment that promotes success for our clients and each other. We offer fast growth, connectedness and training in business as well as law. And our rigorous standards assure you are part of a diverse team of top talent at every turn.If you're someone who's looking toward the future, we'd love to hear from you.Location:
Boston, MAWork closely with trustees and/or responsible attorneys assisting in the decision-making process.Manage complex and moderate accounts.Manage direct report by effectively communicating, delegating, overseeing, and mentoring.Coordinate with the team, in-house portfolio managers, tax professionals and trust operation specialists who all share in the servicing of client relationships.Ensure that each assigned account is administered in accordance with their document terms; conduct initial and ongoing reviews of accounts in accordance with all applicable laws, rules, and regulations.Establish new accounts on the trust accounting system.Identify and manage compliance and fiduciary risk management issues; implement policies and procedures within compliance and departmental guidelines.Promptly address all questions arising from clients, trustees, co-trustees and beneficiaries, as well as internal departments regarding the administration and fiduciary activities of assigned accounts.Responsible for duties and tasks as they relate to the Bank Secrecy Act, ("BSA"), the Anti-Money Laundering Act ("AML") and the Office of Foreign Assets Control Regulations ("OFAC").Perform other duties as assigned.To perform this job successfully, you must be able to perform each essential job responsibility listed above, satisfactorily, with or without reasonable accommodation. Nixon Peabody retains the right to change or assign other duties to this position. The requirements listed below are representative of the skills and abilities required.Job Requirements:
5+ years of wealth management, trust administration and relationship management experience. Prior experience working on trust accounting and/or financial reporting systems (i.e., FiTek - GWES) a plus.Certified Trust and Fiduciary Advisor (CTFA) designation preferred.Bachelor's Degree preferred. Work experience in lieu of a degree will be considered.Understand the fundamentals of wealth management and trust administration.Thorough understanding of principal and income accounting and the fiduciary practice as a whole.Excellent interpersonal and communication skills, both verbal and written.Confidently assess and make recommendations to partners and internal stakeholders.Ability to adapt to various personalities and working styles, oversee and delegate tasks to direct report.Work collaboratively within a proactive team-oriented environment.Handle performance management staff member.Displayed organizational, and administrative skills with meticulous attention to detail.Effectively manage multiple on-going projects, coordinates processes, and successfully prioritizes multiple tasks with good judgment.Solve problems and display analytical skills.Display a proficiency with Microsoft Office (Excel and Outlook).Nixon Peabody LLP is an Equal Opportunity / Affirmative Action Employer: Disability / Female / Gender Identity / Minority / Sexual Orientation / Veteran.To comply with Federal law, Nixon Peabody participates in E-Verify. All newly-hired employees are verified through this electronic system established by the Department of Homeland Security (DHS) and the Social Security Administration (SSA) to confirm their identity and employment eligibility.In accordance with applicable Federal and State laws, the anticipated annual salary range for this position, depending on location, is as follows:Boston, MA: $121,749 to $180,749In addition to a standard benefits package, this role may be eligible for additional contingent compensation based on an array of factors, including but not limited to: work performance, geographic location, work experience, education, and qualifications.#LI-Hybrid
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4150Position:
Exempt StaffLocation:
Boston, MAPractice Area:
Private ClientsOpen Date:
Friday, August 16, 2024Job Function:
StaffJob Description:
The Trust Advisor is responsible for managing established trust, estate, retirement, and investment accounts. This position plays a vital role in ensuring excellent client service while performing complex trust administration and advisory functions within the Nixon Peabody Trust Company. The Trust Advisor collaborates with attorneys, portfolio managers, tax professionals, and firm Partners to ensure all needs are met in a professional and timely manner. A hybrid work schedule is available for this position.A career at Nixon Peabody is the opportunity to do work that matters. It's the chance to use your knowledge to shape what's ahead. To share, to innovate, to learn at a firm that taps the power of collective thinking.We've created a dynamic, energizing environment that promotes success for our clients and each other. We offer fast growth, connectedness and training in business as well as law. And our rigorous standards assure you are part of a diverse team of top talent at every turn.If you're someone who's looking toward the future, we'd love to hear from you.Location:
Boston, MAWork closely with trustees and/or responsible attorneys assisting in the decision-making process.Manage complex and moderate accounts.Manage direct report by effectively communicating, delegating, overseeing, and mentoring.Coordinate with the team, in-house portfolio managers, tax professionals and trust operation specialists who all share in the servicing of client relationships.Ensure that each assigned account is administered in accordance with their document terms; conduct initial and ongoing reviews of accounts in accordance with all applicable laws, rules, and regulations.Establish new accounts on the trust accounting system.Identify and manage compliance and fiduciary risk management issues; implement policies and procedures within compliance and departmental guidelines.Promptly address all questions arising from clients, trustees, co-trustees and beneficiaries, as well as internal departments regarding the administration and fiduciary activities of assigned accounts.Responsible for duties and tasks as they relate to the Bank Secrecy Act, ("BSA"), the Anti-Money Laundering Act ("AML") and the Office of Foreign Assets Control Regulations ("OFAC").Perform other duties as assigned.To perform this job successfully, you must be able to perform each essential job responsibility listed above, satisfactorily, with or without reasonable accommodation. Nixon Peabody retains the right to change or assign other duties to this position. The requirements listed below are representative of the skills and abilities required.Job Requirements:
5+ years of wealth management, trust administration and relationship management experience. Prior experience working on trust accounting and/or financial reporting systems (i.e., FiTek - GWES) a plus.Certified Trust and Fiduciary Advisor (CTFA) designation preferred.Bachelor's Degree preferred. Work experience in lieu of a degree will be considered.Understand the fundamentals of wealth management and trust administration.Thorough understanding of principal and income accounting and the fiduciary practice as a whole.Excellent interpersonal and communication skills, both verbal and written.Confidently assess and make recommendations to partners and internal stakeholders.Ability to adapt to various personalities and working styles, oversee and delegate tasks to direct report.Work collaboratively within a proactive team-oriented environment.Handle performance management staff member.Displayed organizational, and administrative skills with meticulous attention to detail.Effectively manage multiple on-going projects, coordinates processes, and successfully prioritizes multiple tasks with good judgment.Solve problems and display analytical skills.Display a proficiency with Microsoft Office (Excel and Outlook).Nixon Peabody LLP is an Equal Opportunity / Affirmative Action Employer: Disability / Female / Gender Identity / Minority / Sexual Orientation / Veteran.To comply with Federal law, Nixon Peabody participates in E-Verify. All newly-hired employees are verified through this electronic system established by the Department of Homeland Security (DHS) and the Social Security Administration (SSA) to confirm their identity and employment eligibility.In accordance with applicable Federal and State laws, the anticipated annual salary range for this position, depending on location, is as follows:Boston, MA: $121,749 to $180,749In addition to a standard benefits package, this role may be eligible for additional contingent compensation based on an array of factors, including but not limited to: work performance, geographic location, work experience, education, and qualifications.#LI-Hybrid
#J-18808-Ljbffr