Trust Administrator Associate

About the Role

J.P. Morgan Asset & Wealth Management is a global leader in investment and wealth management, managing $2.8 trillion in client assets. The Global Trusts & Estates Practice offers a crucial role in delivering Trusts and Estates services. This position involves working under the supervision of a Trust Officer to administer accounts, ensuring proper setup of records, communicating with beneficiaries and co-trustees, and handling ongoing account administration. Responsibilities also include risk management, client relationship management, and personal development.

Key Responsibilities

• Work with the Account Opening Group to open estate or trust accounts.
• Interpret governing instruments and applicable law to ensure proper setup of account records, including payments, fee schedules, and tax records.
• Communicate with beneficiaries and co-executors or co-trustees to outline administrative procedures.
• Analyze Wills and trust documents for legal, tax, administrative, and investment issues and coordinate service delivery.
• Handle ongoing day-to-day administration of accounts and proactively manage the account base to avoid and minimize service and operational issues.
• Work with Tax Officers and trust counsel to resolve tax issues.
• Assist the Trust Officer in maintaining current information on beneficiaries and their changing needs to prudently carry out fiduciary duties and provide superior client service.
• Assist the Trust Officer in partnering with client's other advisors (attorney, accountant).
• Develop, retain, and deepen client relationships.
• Assist the Trust Officer and partner with Wealth Advisors, Bankers, Investors, and Trust Officers to grow the trust and estate business. This includes participating in team discussions and strategy around structuring, pricing, and closing trust and estate services, including: estates, family trusts, charitable trusts, and specialized Delaware trusts.

Requirements & Tech Stack

• Bachelor's degree required.
• Relevant years of experience in the trust and estates industry.
• Experience in the administration and support of trust and estates, including a general understanding of fiduciary products and concepts, including legal, tax, and investment knowledge.
• Client Servicing: client knowledge, client relationships, proactive communication.
• Teamwork/Personal Effectiveness: clear and concise communication, time management, adaptability to delegate, coaching, and training.

Preferred Qualifications

• Knowledge of trust and estate law, income, transfer, and generation-skipping taxation, with the ability to apply this knowledge to post-mortem planning exercises and account administration.
• Advanced degree such as JD, industry certification such as Certified Trust and Financial Advisor (CTFA), or a paralegal certificate, with paralegal experience in trust and estate practice.