Trust & Estate Administrator

US-IL-Chicago
3 months ago
ID
2017-4234
# of Openings
1

Overview

CIBC provides tailored commercial, wealth management, personal, and small business financial solutions in the United States through 46 offices in 18 states, as well as cross-border banking services to clients with North American operations. Learn more at cibc.com/US.

 

CIBC is a Toronto-based, global financial institution with a 150 year history, serving 11 million personal and business clients. We invest in our businesses, our clients, our people and our communities to deliver consistent and sustainable earnings to our shareholders. 

 

CIBC delivers access to career and development opportunities, safe and healthy workplaces, effective training, and positive work-life balance – so that employees are able to perform at their best, contribute to their communities and focus on cultivating deeper relationships with our clients.

 

Every year, CIBC is recognized for its business success, community commitment and employee initiatives.  We are proud of this success and are committed to creating an inclusive workplace and an environment where all employees can excel.

 

CIBC Bank USA is an Equal Opportunity Employer M/F/Disability/Veteran

 

Responsibilities

The Trusts and Estates Administrator (Administrator) will be responsible for managing and administering all aspects of an assigned book of trusts and estates, in addition to investment agency relationships.  The Administrator will focus on estates and trusts includable in decedent’s estates, but will also maintain a small book of on-going trust accounts. The Administrator will address client inquiries in a timely and effective manner while coordinating and overseeing all administrative duties assigned to the Middle Office to ensure a seamless client experience.  The Administrator will exercise basic decision-making authority as deemed appropriate by management. The ability to successfully identify and manage compliance and risk management issues is also important.

 

Essential Duties:

  • Effectively administer a book of fiduciary and investment agency accounts, with an emphasis on estates and includable trusts.
  • Identify actual or potential risks and proactively engage internal and/or external partners to mitigate risks.
  • Coordinate and monitor account openings, including the review and interpretation of governing documents and applicable state laws to ensure accurate and complete account setup.
  • Coordinate administrative work flow with Middle Office, and oversee daily transactions to ensure accuracy.
  • Coordinate and monitor account closings, including the gathering/distributing of assets and other related tasks, with Middle Office.
  • Collaborate with internal tax team to determine tax filings, and ensure all filings are timely.
  • Respond to client inquiries timely and thoughtfully.
  • Prepare presentation materials and manage in-person meetings with prospects, beneficiaries, co-fiduciaries and outside third-party professionals.
  • Assist private and middle market bankers with trust-related questions and inquiries.
  • Perform research and complete special projects as assigned.
  • Act as a resource to other administrators on estate administration matters.

Qualifications

  • 5+ years experience in estate and trust administration, preferably at a financial institution.
  • Bachelor's Degree required.
  • JD and/or industry certification preferred.
  • Firm understanding of accepted estate administration processes, timelines and concepts.
  • Outstanding client service skills, including proactive communication and problem solving.
  • Excellent written and verbal communication.
  • Strong computer skills including proficiency with trust accounting systems and MS Office.
  • Experience working directly with high net worth clients.
  • Able to work independently as well as in a team environment; ability to build collaborative working relationships with Client Advisors, Trust Officers and Private Bankers.

  • Excellent cross selling and retention track record.

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