Fiduciary Officer

Fiduciary Officer Job Primary Responsibilities:

• Support internal colleagues in all aspects of the administration of trust accounts where Bessemer serves as trustee.

• Participate in the review of distribution request memos for content and appropriate supporting documentation, review of Special Investment Requests, review of Power-to-Adjust Requests, etc., including coaching of internal client team members on appropriate submission content.

• Review sophisticated inter-vivos and testamentary trust instruments for high net worth clients and prepare accurate abstract / synopsis of relevant provisions.

• Issue spot newly accepted trusts to provide proper account setup guidance to internal colleagues.

• Prepare Initial Trust Reviews for newly opened trust accounts to assist internal colleagues and ensure accurate administration from inception.

• Oversee the trust termination process when trusts terminate, including drafting Receipt, Release & Refunding Agreements.

• Serve as dedicated fiduciary resource for specialized accounts and assets, such as Irrevocable Life Insurance Trusts.

Additional Responsibilities:

• Support internal colleagues in the administration of trusts including training on appropriate trust administration techniques (overdraft management, discretionary distributions, compliance with trust policies, termination activities, management of special investments, etc.).

• Assist in editing and/or drafting of policies and procedures.

• Review workflows submitted by client teams that pertain to trust accounts to ensure accuracy and proper trust administration.

• Perform additional special projects, as needed (for example, review trusts for compliance with investment policies; review trust accounting system information for accuracy and remediate as necessary, assist with new technology initiatives within the Trust Administration group).

• Work with other Bessemer departments as necessary to effectuate proper trust administration.

Qualifications:

• College degree required; Law degree preferred.

• 5+ years experience in personal trust administration, working knowledge of Trust Laws

• Fast learner with the ability to learn on the job

• Excellent analytical skills and attention to detail.

• Working knowledge of basic income tax, estate tax, gift tax and GST tax.

• Ability to work independently and self- start projects.

• Excellent interpersonal skills-ability to deal effectively with a wide variety of people, a team player.

• Excellent computer skills; proficiency with Microsoft Word and Excel.

• Ability to handle multiple competing priorities and organize tasks effectively.

• Excellent oral and written communication skills.