Trust Specialist

Job Description

Are you a team player? Are you curious to learn? Are you interested in working in meaningful projects? Do you want to work with cutting-edge technology? Are you interested in being part of a team that is working to transform and do things differently? If so, LPL Financial is the place for you!

Excited to learn more? If so, then this could be the role for you!

LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 18,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.

Job Overview:

We are currently looking to hire a Trust Specialist within The Private Trust Company. This role is responsible for delivering exceptional customer service experiences, including accurate, timely and effective communication and execution of relational and transactional activities among clients and advisors, including high‐net worth accounts, while working as a team supporting a trust officer.

Responsibilities:

• Reading trust documents and other legal documents.

• Participating primarily in general trust administration functions supporting a trust officer.

• Coordinating requests and documentation needs with financial advisors, clients, accountants and attorneys

• Working with officers in reviewing account documentation, administration and

investment policies, cash liquidity needs, historical or prospective changes in client situations or activities

• Preparation of discretionary distribution memoranda

• Collaborating with the Middle Office during account openings;

• Initiating operational functions to close accounts

• Processing deposits and disbursements

• Following up on issues identified during annual account reviews

• Handling a heavy volume of client and advisor inquiries and requests via phone or email and fulfilling the needs of those requests

• Focusing on accuracy, organization and details

Other Duties:

• Participating in client meetings as needed

• Preparation of special reports, spreadsheets and correspondence, as needed

• Assist in administering trust settlements and/or more complex trust accounts

What are we looking for?

We want strong collaborators who can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client-focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement.

Requirements:

• High school diploma or GED

• 1+ years of admin experience

• Ability to come on site 3 days a week (Cleveland, OH)

Preferences:

• Bachelor's Degree

• Interest in estate planning, investments, bank compliance and trust regulations such as principal and income accounting

• Experience with Word, Excel, PowerPoint

• Ability to articulate issues and solutions in a client relationship environment

• Project and time management skills preferred

• Interpersonal and problem‐solving skills

• Clear verbal and written communication

Pay Range:

$18.58-$27.87/hour

Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play - such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!

Why LPL?

At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation's leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.

We are one team on one mission. We take care of our advisors, so they can take care of their clients.

Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees. We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.

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Join the LPL team and help us make a difference by turning life's aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.

Information on Interviews:

LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant's bank or credit card. Should you have any questions regarding the application process, please contact LPL's Human Resources Solutions Center at (855) 575-6947.