Job Description

Company Overview:

Fiduciary Trust (“Fiduciary”), comprised of Fiduciary Trust Company of New England (“FTCNE”), and its affiliate in Boston, Fiduciary Trust Company, is an independent, privately-owned wealth management firm, supervising more than $31 billion of assets for individuals, families, charitable organizations and in custody or administration.

Fiduciary Trust Company was founded in 1885 as a family office and incorporated as a trust bank in 1928.Throughout its 140-year history, Fiduciary has maintained a proud tradition of providing our clients with objective, holistic advice to meet their investment, trust, and estate needs. This focus and commitment have resulted in a sustained 98% client retention rate with several clients having relied upon Fiduciary to handle their financial matters for multiple generations.

Fiduciary currently has approximately 160 dedicated employees with an average tenure of 10 years. Our close-knit culture and team approach facilitate a firm-wide dedication to client satisfaction, high ethical standards, and sophisticated solutions for our clients. Collegiality, cross-functional collaboration and high integrity foster an unyielding commitment to client service and remain hallmarks of the firm.

Fiduciary manages client investment portfolios using a hybrid open architecture approach that provides access to top-tier managers, while allowing for direct management of individual stocks, bonds and alternative investments. Fiduciary offers expertise in trust and estate administration services and access to New Hampshire’s favorable trust laws through FTCNE. Our range of services also includes experienced estate and financial planning, philanthropic advice and foundation management, income tax planning and tax return preparation, asset custody, reporting and a broad array of family office support.

Through client focus, prudent management and a strong 140-year foundation, Fiduciary is in an exciting stage of continued growth.

Fiduciary Trust Company of New England is a New Hampshire chartered trust company based in Manchester, NH and is recognized nationally as the premier provider of New Hampshire trust services. FTCNE provides flexible trust administration services, including serving as a corporate trustee under directed and delegated trust arrangements, and also offers wealth planning, investment management, and private trust company hosting and family office support services.

Position Description:

As the primary individual responsible for trust administration and fiduciary activities for a book of managed trust accounts for which the company serves as corporate trustee, the Trust Officer will have a critical role on Fiduciary Trust of New England’s rapidly growing New Hampshire trust services team. The Trust Officer will partner with Investment Officers in Boston to provide trust administration and other fiduciary and wealth management services directly to trust clients and beneficiaries. The Trust Officer will also work closely with co-trustees and outside advisors. As such, the Trust Officer must have the ability to work collaboratively with internal and external professionals, and possess the experience, judgment and communication skills required to earn the trust and confidence of our most important asset, our clients.

In addition to servicing existing clients and expanding those relationships, the Trust Officer is expected to contribute to the firm’s efforts to attract new clients as an integral player in FTCNE’s rapidly growing New Hampshire trust business.

The role will be based in Manchester, NH and will report to the President of FTCNE.

Position Responsibilities:

• Working closely with the Investment Officer, develop strong relationships with clients, co-trustees, and other professionals involved in each trust, while maintaining an understanding of the terms of the trust and the dynamics of various trust relationships.
• Maintain ongoing communication with trust beneficiaries, co-trustees and other fiduciaries in connection with trust matters, including discretionary distribution requests, taxes and trust accountings.
• Counsel trust beneficiaries with respect to trust distributions and draft and present formal discretionary distribution requests at monthly Trust Committee meetings.
• Maintain appropriate documentation in connection with illiquid trust assets, including real estate, promissory notes, LLCs and LPs.
• Coordinate annual administrative reviews in accordance with company policy and maintain appropriate documentation in trust files.
• Work closely with clients’ estate planning attorneys and in-house trust counsel on trust decantings, migrations, and non-judicial settlement agreements.
• In conjunction with the Client Associate, oversee all aspects of trust account administration.
• Work with the Tax Department to facilitate the annual preparation of fiduciary and personal income tax returns.
• Leverage relationships with existing clients, outside network of professionals, and personal contacts to generate activity to achieve new business goals.
• Contribute to FTCNE’s marketing efforts by networking with potential referral sources and actively maintaining a presence in the local community.
• Maintain and enhance substantive knowledge of New Hampshire trust law through ongoing professional education and participation in professional associations, and contribute as a “thought leader” within Fiduciary and externally.

Qualifications/Experience:

• 5-7 years of industry experience, including significant experience in trust administration and fiduciary services. Trust administration experience under New Hampshire law or similar favorable trust jurisdiction (DE, SD, etc.) is strongly preferred.
• Working knowledge of estate and fiduciary taxes, and personal financial, legal, family dynamics and other challenges that confront high net worth trust clients.
• Experience working effectively in a collaborative team environment and with outside professionals.
• Excellent interpersonal, analytical and communication skills, judgment, and an energetic, collaborative, and enthusiastic working style.
• Capacity to solve problems by applying a combination of rigorous thinking and pragmatic judgment.
• Strong undergraduate academic record and degree required, preferably combined with other desirable credentials such as an MBA, CTFA, CFP and/or JD.

Job Tags

Similar Jobs