What You Will Do:Administrative Duties
- Represent Wintrust Private Trust Company as trustee with irrevocable and revocable trusts from reviewing documents, accepting a fiduciary role, collecting cost and tax information through investment process and final distribution.
- Partner with real estate team to protect, insure, and oversee sale or purchase of real estate.
- Help coordinate the preparation of annual tax returns, investment reviews, and meetings with clients.
- Asset protection for estates and estates like trusts is required. Review and settle medical claims, other liabilities and locate heirs.
- Prepare necessary discretionary requests for presentation and appropriate review/approval.
- Open and coordinate investment management and individual retirement accounts.
- Collect assets with cost basis and acquisition dates and review with client special investment requirements and investment objectives.
- Coordinate meetings with portfolio managers, Wintrust Private Client, and other internal partners.
- Contact clients with required minimum distributions from IRAs and order distributions from IRAs.
- Open accounts, collect assets, and tax information for custody accounts.
- Review advantages of managed accounts and attempt to upgrade fee level.
- Open accounts, collect assets, and oversee financial matters on behalf of the ward for conservatorship accounts or for Revocable and Irrevocable Trusts.
- Manage all substantive issues arising within the estate, including formation of budgets, preparation of annual accountings, purchase of suitable real estate, completion of tax documents for the ward, collection of assets, resolution of liabilities, review of legal documents and appearance before probate court.
- Serves as primary contact for the relationship and establishes strong relationships with the ward, family, and guardian of the person, responding to their needs and explaining issues that may arise in the estate.
Sales Duties
- Cultivate relationships with area lawyers, accountants, and centers of influence for business referrals.
- Work closely with Wintrust Wealth Management teams; WPC, WTI financial advisors, GLA, Commercial partners and Bank staff, cross-selling to all Wintrust clients.
- Retain existing client base, generate new revenue, grow the business for Wintrust Private Trust and Macatawa Bank.
- Uncover additional dollars or referrals from existing clients.
Operational Duties
- Monitor files for compliance with WPT policies and procedures.
- Initiate and monitor asset transfers.
- Along with support staff, responsible for cash processing, account opening, account closing, file maintenance, written correspondence, etc.
- Review fees as to appropriateness. Maintain organized physical and electronic files.
- Maintain adequate supplies and marketing material.
- Completion of internal reviews of all accounts and coordination with portfolio managers.
Knowledge/Skills/Background/Experience
- Bachelor's degree required.
- Minimum of 8 years of trust administration experience.
- Requires extensive knowledge of estates, personal trusts, IRAs, and investment management accounts.
- Exceptional verbal and written communication skills.
- Proficient with Microsoft Office Suite (Word, Outlook, Excel, etc.).
- Ability to manage multiple responsibilities in a fast-paced and often stressful environment.
- Strong sales acumen.
- Ability to effectively communicate and relate to professionals, clients and partners with vastly different educational backgrounds, interests, and beliefs.
Benefits:Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long-term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance
Compensation:The estimated salary range for this role is $85,000 - $110,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills, and experience.
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