SPECIALTY WEALTH ASSET OFFICER SENIORWHAT IS THE OPPORTUNITY?
Provides investment/asset management services for Specialty Wealth Assets (real estate, closely held entities with real estate as an underlying asset, Mineral/Oil/Gas interests), held in fiduciary accounts on the Wealth Management platform of CNB and RBC. Functions as an asset and investment manager, including providing oversight of property operations (oversight of 3rd party service provider selection/performance/retention, rent collection, expense payment, oversight of maintenance activities, etc.) and managing transactions and asset level projects (acquisitions, dispositions, leasing, recognized environmental conditions, and capital expenditures, etc.), while completing all asset level regulatory/reporting requirements in accordance with established policies, procedures, practices, and direction. Provides support to the relationship team by providing asset level expertise and coordinating communication with colleagues, clients, tenants, managers/general partners/officer, and 3rd party service providers around activities and issues at the asset level. Considers investment objectives, account circumstances, investment performance, concentration issues, and profitability from a fiduciary perspective while administering the assets in their portfolio. Partners with client facing colleagues in proactive client service/communication and sales activities.
WHAT WILL YOU DO?
- Provides asset/investment management services for their assigned portfolio of Specialty Wealth assets held in fiduciary accounts within investment guidelines and the regulatory framework.
- Manages portfolio while mitigating risk and following established company and department policies, procedures, and best practices.
- Completes all regulatory and internal requirements associated with the assets in their portfolio in accordance with established policies, procedures and practices, such as annual reviews, inspections, valuations, document retention, audit inquiries, etc.
- Oversees the operations at the asset level, either through a 3rd party or directly, including but not limited to asset performance, income collection, expense payment, 3rd party repair/maintenance activities, etc.
- Recommends and (with appropriate approvals) implements strategies for the Specialty Wealth assets of an account which incorporates client's investment objective, account size, asset mix, liquidity and account circumstance.
- Facilitates transactions and projects of Specialty Wealth assets in accounts, including acquisitions, dispositions, exchanges, leases, capital expenditures, etc.
- When necessary, works closely with the relationship team, clients, managers/general partners/officers, operations services, attorneys, brokers, appraisers and other industry and relationship managers to facilitate activities at the asset level.
- When necessary, works closely with the relationship team, clients, managers/general partners/officers, operations services, attorneys, brokers, appraisers and other industry and relationship managers to facilitate activities at the asset level.
- Coordinate/communicate specialty wealth asset activities as appropriate with assigned Trust Officers and other relationship managers.
- Participate in meetings and presentations that promote product and service awareness among clients, prospects, and referral sources.
- Maintain a "Satisfactory" internal and external audit review.
- Comply with policies to identify and resolve environmental issues and ADA compliance issues.
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*- 7 years of property/asset management (residential/commercial) experience necessary. Fiduciary Experience a plus.
- 7 years of experience in analyzing appropriate industry investments, including operating statements, market data and its sources, offering memorandums/offerings, and relevant 3rd party reports.
Additional Qualifications- Proven communication, analytical, negotiating and sales skills, coupled with computer literacy
- Strong attention to detail and customer service orientation
- Proven ability to work in a multi-task environment with oversight
- Works effectively within a team as well as individually
- Professional Credentials such as CPM, CCIM or other relevant and recognized industry backed designations preferred.
Benefits and PerksAt City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
Get a more detailed look at our Benefits and Perks.
