Trust Officer - Delaware

Responsibilities

• Administer discretionary trust and directed trust accounts while remaining current on relevant laws, issues and topics.
• Respond to various client requests for wire transfers, discretionary payments, currency transactions, bill paying, deliveries/receives, gifts, contributions, acquisitions, and sales.
• Ensure transactions are in compliance with the trust agreement and state laws.
• Serve as a point of contact for client and intermediary with accountants, attorneys, and other trusted advisors.
• Coordinate with tax department concerning tax issues arising during the course of the trust administration process.
• Review daily overdraft report to determine how to cure income overdrafts. Coordinate with Portfolio Manager to raise cash to cure principal overdrafts.
• Handle termination of trusts in coordination with our Trust Counsel, Investment Department, Tax Departments, and other parties as necessary.
• Oversee the new account opening process from KYC to final funding; this included analyzing relevant documents to determine missing legal documentation required for compliance purposes.
• Manage and oversee, large complex client relationships that include trusts, family limited partnerships, GRATs and foundations.
• Ideal Qualifications:
• Bachelor's degree or equivalent experience required
• CTFA preferred
• 5+ years of previous trust administration experience along with:
• Detailed understanding of Delaware law
• Experience managing Delaware directed trusts with complex structures
• Knowledge of personal trust law and administration
• International trust administration experience preferred
• Excellent verbal and written communication skills
• Strong attention to detail with the ability to perform multiple tasks in a fast-paced environment
• Previous experience working in a small team environment
• Learn More: Explore our company's online presence to learn about our culture and what it's like to work at Fiduciary Trust International -
• Fiduciary Trust International
• The Story of Fiduciary Trust International
• #LI-US
• #Hybrid
• Experience our welcoming culture and reach your professional and personal potential!
• By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional su

Benefits

Additional Information

Fiduciary Trust International is a premier investment and wealth management firm with a commitment to growing and protecting wealth across generations. We offer a dynamic and collaborative approach to managing wealth for high-net-worth and ultra high-net-worth individuals and families, family offices, endowments, foundations, and institutions. Our investment managers, tax and estate planning professionals work together to develop holistic strategies to optimize clients' portfolios while mitigating the impact of taxes on their wealth. As a fiduciary, the guidance we provide is in the best interests of our clients, without conflict or competing benefits. We offer boutique customization and deep expertise in specialized investment, tax and planning strategies alongside sophisticated technology and custody platforms. Fiduciary Trust International is owned by Franklin Templeton, a dynamic firm that spans asset management, wealth management, and fintech, giving us many ways to help investors make progress toward their goals. With clients in over 150 countries and offices on six continents, you'll get exposed to different cultures, people, and business development happening around the world. Trust Officer - Delaware Fiduciary Trust International is hiring a Trust Officer to join its Wilmington, DE office, consisting of 11 trust professionals. This position is eligible for a hybrid work schedule (two days in office).

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