CFP preferred for enhanced credibility in wealth management.
Bachelor's degree in business, finance, or related field preferred.
Minimum 10 years in financial services, specifically with high-net-worth clients and organizations.
Strong business development and marketing skills essential for client acquisition.
Proven analytical and decision-making skills for effective problem resolution.
Excellent communication skills, both verbal and written, are crucial.
Strong computer skills, particularly in Excel, PowerPoint, and Word.
Responsibilities
Identify and develop new high-net-worth clients to provide tailored Wealth Management solutions.
Maintain awareness of clients' financial goals and spending habits to manage relationships effectively.
Proactively advise clients on available financial services to meet their needs.
Manage all aspects of client account administration, from opening to closing accounts.
Oversee the setup of new clients in the trust accounting system for accurate reporting.
Develop and maintain a strong network of centers of influence for referrals.
Collaborate with other bank divisions to address clients' comprehensive financial needs.
Benefits
Robust benefits and retirement package offered.
Opportunities for professional development and skill enhancement.
Supportive team environment with potential supervisory responsibilities.
Engagement in annual reviews to ensure client satisfaction and service quality.
Full Job Description
Job Description
Cambridge Trust - A Division of Eastern Bank is hiring a highly experienced Wealth Relationship Manager based in Saugus, MA.
Hiring Range: $108,896 - $178,901
The posted salary range reflects Eastern's expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information
Acquires and develops new high net worth relationships, both personal and commercial, to offer full array of financial services. Develops new client relationships that can benefit from one or more of the Banks' banking and wealth management services including banking services, residential and commercial lending, cash management, and wealth management. Oversees general administration of client relationships and performs wide variety of responsibilities related to serving clients. Manages all administrative aspects of portfolio of Wealth Management accounts.
Major Responsibilities:
Identifies and develops new clients to build a relationship with goal of providing Wealth Management solutions. Provides clients with objective, comprehensive, and needs-based advice for building and preserving wealth and transferring to future generations.
Maintains awareness of client's goals, income, and spending to manage relationship
Proactively advises and consults with clients and prospects to present Eastern Bank / Cambridge Trust's available financial services.
Manages assigned client relationships, including all aspects of opening, administering, and closing of client accounts.
Oversees set-up of new clients with portfolio on trust accounting system to ensure accuracy of mailings, tax reports and statements, and account information.
Develops and maintains strong centers of influence ("COI") network that can serve as referral network for potential prospects and new clients.
Engages with other lines of business within Bank to fully serve clients' financial needs.
Participates in required annual Administrative Reviews of accounts
Provides expertise, guidance, and skill development support to other team members.
May directly supervise work of Client Service Associates and/or Senior Client Service Associates.
Qualifications:
CFP Preferred
Bachelor's degree in business, finance, or related field preferred
Minimum 10 years in financial services including:
10 years' experience working with high-net-worth individuals and families, privately held businesses, private partnerships, and non-profit organizations.
Strong business development, marketing, and client service skills;
Strong analytical, time management, and decision-making skills.
Ability to build new relationships with both centers of influence, potential clients, and referral sources.
Proven analytical and decision-making skills, with effective problem resolution.
Excellent communication skills, both verbal and written, including proper business letter and email writing.
Excellent client service skills.
Strong computer skills, including; Excel, PowerPoint, Word
Ability to prioritize, juggle a variety of tasks, and interact with staff at all levels.
