Job Description

Job Description

Tiedemann Trust Company is seeking a motivated and experienced Senior Trust Officer to support the firm’s clients. The Senior Trust Officer will be responsible for reading, interpreting and administering trusts and will partner with the firm’s Fiduciary Counsel on sophisticated trust administration to ensure compliance with internal policies and procedures. This individual will be a mentor and trusted resource to the firm’s Trust Administrators.

Job Responsibilities

• Provide complete administration of personal trust accounts for moderate to complex situations
• Review existing trust administration practices and look for new ways to improve processes, efficiency, and overall fiduciary oversight of trust accounts
• Draft Discretionary Distribution/Discretionary Action Memorandum for discretionary actions of the trustee taking into consideration trust language, departmental policy and procedures, tax liabilities and state laws
• Study and analyze the trust instrument and determine and adhere to the responsibilities, duties, and terms of the governing trust document
• Review and analyze estate and gift tax returns to ensure proper administration
• Monitor account activity ensuring compliance with established policies, procedures, rules, and regulations
• Ability to administer estates where Tiedemann serves as executor
• Represent the firm in interactions with UHNW clients, beneficiaries, trustees outside counsel, CPA’s and other outside parties
• Oversee the Trust Administrators’ review of fees and ensure client billing is correct
• Review and present new trust account and annual (or bi-annual) administrative reviews for the individual’s book of business while overseeing Trust Administrators’ preparation of reviews
• Review annual CRT, Unitrust and Power to adjust distributions
• Hold periodic meetings with clients and aid Fiduciary Counsel in preparation of such meetings
• Work and collaborate with Fiduciary Tax Group to help coordinate tax payments and provide information necessary to file tax returns
• Partner with Fiduciary Counsel on more complex problems and situations

Qualifications

• Bachelor’s degree
• 10+ years of related trust experience and/or training or equivalent combination of education and experience; preferably within Delaware trusts
• Knowledge of trust management, financial planning, philanthropic planning, and fiduciary law
• Excellent communication skills – written and verbal
• Requires knowledge of personal trust, IRAs, estates and official guardianship administration
• Must be able to prioritize, be exceptionally organized, and have extreme attention to detail
• Ability to work within a team environment while also being a self-starter
• High proficiency with Microsoft Excel, PowerPoint and Word with ability to quickly learn new systems – performance reporting, data/transaction aggregation, data analytics, and CRM
• Certified Trust and/ or Financial Advisor designation (CTFA) or comparable designation preferred
• Experience with estate administration preferred but not required

Applications are strongly encouraged from candidates reflecting diverse educational, cultural and experiential backgrounds.

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