Wealth Administrator

OceanFirst Bank   •  

Red Bank, NJ

8 - 10 years

Posted 235 days ago

This job is no longer available.

Wealth Administrator

Position Summary
The VP / Wealth Administrator administers with disciplined focus on trusts, estates, and agency accounts; emphasis on strict adherence to the terms of governing documents, agreements and wills, and all internal controls, policies and procedures.  Supports and is guided by the Bank’s Vision Statement in all aspects of this position.

Essential Responsibilities
1. Functions as a trust administrator within the Team; constantly focuses on the delivery of flawless trust, estate and agency administration services in conjunction with all Bank controls, policies, procedures, compliance, and risk management standards.
2. Focuses on excellent client service, proactive communication, and the delivery of effective relationship management that ensures high levels of retention.
3. Works proactively on managed relationships with the outside investment advisory firm to ensure that the asset allocation in all relationships is compliant within Bank guidelines.
4. Strong ability to successfully balance competing priorities in a fast paced environment. 
5. Ability to build solid relationships with teammates, business partners and clients or client representatives by fostering teamwork, partnership and collaboration.
6. Must be highly organized to prioritize, manage multiple responsibilities, and deliver expected results.

Typical Job Duties
1. Administers investment management and trust and estate accounts in accordance with governing documents. 
2. Reviews of daily transactions for assigned accounts.
3. Meets with clients and/or client representatives for scheduled investment reviews and other matters.
4. Prepares required written communications to and/or on behalf of clients.
5. At the direction of the Director of Wealth Operations and Administration, assists the Wealth Operations Administration Team to effectively administer the Department’s client accounts.
6. Periodic travel is required for various account administration responsibilities.
7. Performs other duties as may be directed by the Director of Wealth Operations and Administration.
8. Assists with department audits, SOX testing, and regulatory exams.

Job Requirements
1. Minimum of 7-10 years of proven trust, estate and agency account experience; substantive knowledge of Federal and New Jersey probate and tax laws and regulations is necessary, together with the ability to read and interpret agency contracts, trust agreements and Wills.
2. Completion of specialized professional training at accredited three year schools; CTFA certification and Bachelor’s degree in Accounting, Finance or a related discipline strongly preferred.
3. Experience and understanding of Wealth department operating systems and technology required; proficiency with Microsoft Office Suite.
4. Excellent communication skills, both verbal and in writing; a willingness to work effectively within a Team structure.
5. Strong analytical skills and problem solving skills with ability to identify problems and implement solutions. 
6. Excellent Customer service and computer skills. 
7. Ability to take initiative and work with minimum direction.
8. Critical member of team. Must be reliable, dependable, and maintain a high degree of integrity and flexibility.

EOE

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