The Trust and Estate Settlement Advisor is primarily responsible for oversight and management of a personal book of postmortem trust and estate settlement accounts, as well as, assisting and being a resource for the management of postmortem trust and estate settlement accounts across the organization. This position will report to the Director of Estate Settlement.
Effectively oversee, manage and support postmortem trust and estate settlement account administration within wealth management in accordance with the terms of the governing instruments, trust and estate laws, local law, tax law and sound fiduciary principles.
Participate in all facets of administration, including collection of assets, investment management decisions and coordination with tax partners.
Maintain contact and communicate regularly with Advisors, beneficiaries, attorneys, accountants and other interested parties on all aspects of administration, including maintaining client files, preparing materials for client meetings, managing deadlines, collecting information necessary to complete reporting and filing requirements and attending to clients concerns and needs.
Stay informed of all Bank and Wealth Management policies and applicable state and federal regulations.
Collaborate with Fiduciary Advisors to effectively manage client expectations, create a good client experience and participate in relationship retention efforts.
Responsible for outreach to the Wealth, Commercial and Retail team for internal educational opportunities and sales opportunities by active promotion of Trust and Estate Settlement services.
Participate in development and implementation of Trust and Estate Settlement Services policies and procedures.
WHAT YOU'LL BRING
Probate or post-death settlement of trusts and/or estates
Technical expertise on federal and state estate tax, and postmortem administration of trusts and estates
Familiar with fiduciary, legal, accounting and tax concepts
Strong verbal and written communication skills
Excellent time management skills
Strong relationship management and team building skills
Strong sales, presentation and client service skills
Knowledge of standard business systems, including but not limited to trust accounting systems, Microsoft Office and Outlook
Travel as needed
Analyze and interpret governing trust or estate documents, professional journals, technical procedures, governmental regulations and federal and state statutes
Make independent decisions and provide timely client follow-up
Promote teamwork and collaboration across all areas of Wealth Management
Leverage expertise within Busey Wealth Management
Analyze and solve problems that frequently involve decisions based on a wide knowledge of many factors where application of advanced technical concepts is predominantly required
WHY IT MATTERS
The Trust and Estate Settlement Services team exhibits a foundation of knowledge and experience to ensure our clients directions and wishes are met at the time of their death and to serve as good stewards of their legacy. Service Excellence is at the heart of everything we do, and the members of this team will be an integral part of the growth of the Trust and Estate Settlement Services line of business and the development of its overall structure and its policies and procedures -ensuring we provide our clients with exceptional service, trusted advice and tailored solutions.
EDUCATION, TRAINING & STANDARDS OF PERFORMANCE
Requires a four-year college degree and preferably completion or enrollment in desirable wealth management designations, including MBA, CFP (r), JD CFA, and/or CPA.
Requires experience or demonstrated understanding of wealth management solutions including investments, banking and trust concepts including, but not limited to asset allocation, advanced estate planning, retirement plans, insurance, and identification/implementation of additional wealth planning opportunities.
On-going development and broadening of appropriate knowledge and skills.
Busey believes that diversity and inclusion among our teammates is critical to our success as a company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.
Equal Opportunity Employment is a priority for Busey and all qualified applicants will receive consideration regardless of race, color, religion, national origin, genetic information, sex (including pregnancy), age, sexual orientation, gender (including gender identity and expression), marital status, military status, veterans status, citizenship status, disability, order of protection or any other characteristic protected by applicable law or other non-merit based factors.
As of June 30, 2019, First Busey Corporation (Nasdaq: BUSE) was a $9.61 billion financial holding company headquartered in Champaign, Illinois.
Busey Bank, a wholly-owned bank subsidiary with total assets of $7.66 billion as of June 30, 2019, is headquartered in Champaign, Illinois and has 44 banking centers serving Illinois, 13 banking centers in the St. Louis, Missouri metropolitan area, five banking centers serving southwest Florida and a banking center in Indianapolis, Indiana. Through the Busey Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of June 30, 2019, assets under care were approximately $7.47 billion. Busey Bank owns a retail payment processing subsidiary, FirsTech, Inc., which processes approximately 28 million transactions per year using online bill payment, lockbox processing and walk-in payments at its 4,000 agent locations in 43 states. More information about FirsTech, Inc. can be found at firstechpayments.com.
Busey Bank was named among Forbes' 2019 Best-In-State Banks—one of five in Illinois and 173 from across the country, equivalent to 2.8% of all banks. ...Best-In-State Banks are awarded for exceptional customer experiences as determined by a survey sample of 25,000+ banking customers who rated banks on trust, terms and conditions, branch services, digital services and financial advice.
TheBANK of Edwardsville, a wholly-owned bank subsidiary of the Company with total assets of $1.95 billion as of June 30, 2019, is headquartered in Edwardsville, Illinois and has 19 banking centers. Through TheBANK of Edwardsville Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of June 30, 2019, assets under care were approximately $1.50 billion.
For more information about us, visit busey.com and 4thebank.com.