Job Description Cetera Trust Company (CTC) is an affiliate of Cetera Financial Group, a premier wealth advisory organization specializing in providing personalized investment management services. A key component of this role is developing strong working relationships with the financial professionals who partner with Cetera Trust to service their mutual clients and stakeholders. The Trust Associate has primary responsibility for routine trust administrative tasks related to new business, account opening, trust administration and client outreach. This position has direct contact with trust clients at the guidance and direction of Trust Officers. The associate must work independently while effectively prioritizing work direction from multiple sources including Trust Officers, Investment Advisors, clients, and management. Success is defined primarily through excellent organization, communication and collaboration skills.
This role offers a remote work option for candidates located in New Hampshire (including Massachusetts north of Boston), or a hybrid work schedule from our St. Paul, MN office. What you will do:- Review and facilitate new business development. Obtain information necessary to analyze applicable documents that establish the account, request due diligence of assets, and be familiar with the authorized parties in order to make a recommendation to accept. Participate in new client or financial advisor meetings during the new business process.
- Execute the administration of accounts via review of daily cash reports, data entry for money movement, draft letters for trust officer review, oversight and organization of upcoming tasks, update systems, make distributions and respond to client requests.
- Administer trusts according to trust documents and applicable state and federal law.
- Onboard new accounts through establishing personal relationships, performing initial account reviews, and creating the account synoptic record.
- Assist with Cetera new business development team members on individual cases and broader product strategies.
- Work closely with the trust administration, new business, operations and compliance associates of Cetera Trust Company to ensure the highest level of service to our clients and financial advisor partners.
- Assist with the oversight of tax accountant regarding individual and fiduciary tax planning and tax return preparation, e.g. 1040/M-1, 1041/M-2, 706/MN-706, 990 and 990-PF returns. All related tax reports, filings and payments must be made in timely compliance with applicable laws.
- Coordinate and schedule meetings with internal and external stakeholders
What you will need to have:- A minimum of 2 years of experience in trust administration within the banking or financial services industry
- Bachelor's degree
- Strong organizational, multi-tasking and communication skills
- Effective problem-solving and decision-making abilities while working both independently and as part of a team.
- Experience in the Microsoft Suite of applications: Excel, Adobe, Word, Outlook, SharePoint, and Access. Familiarization with custodian platforms, such as AdviceWorks, SWP, Wealth hub, DocuSign, a plus
Travel Requirements: Up to (5%)
Compensation: The salary range for this role is $51,000- $81,000 plus competitive performance-based bonus. Compensation packages are based on a wide array of factors unique to each candidate, including but not limited to skill set, years and depth of experience, certifications, and specific office location. Compensation ranges may differ in differing locations due to cost of labor considerations
#LI-HybridAbout Us
What we give you in return:Not many teams can say that they support people's dreams coming to life... We happen to do that every day. And as important as we know your career is, we recognize that there's a whole lot more to life. To ensure that our Employees can make the most of their time outside of working hours, we offer a competitive salary and for full-time roles, a benefits package including:
- Inclusive health, dental, vision and life insurance plans built to support diverse lifestyles, offer preventative care, and protect against hardship.
- Easy access to mental health benefits to meet our team members and their families where they are.
- 20 plus days of paid time off (PTO), paid holidays, and 2 paid wellness days to give our employees the time they need to stay close with their loved ones, recharge, and give back to their communities.
- 401(k) Savings plan with a generous company contribution (up to 5%), and access to a financial professional to offer our employees the opportunity to plan-ahead for a strong financial future well beyond their working years.
- Paid parental leave to support all team members with birth, adoption, and foster.
- Health Savings and Flexible Spending Account options to help you save money on healthcare, daycare, commuting, and more.
- Employee Assistance Program (EAP), LifeLock, Pet Insurance and more.
About Cetera Financial Group:Cetera Financial Group ("Cetera") is a leading network of independent retail broker-dealers empowering the delivery of objective financial advice to individuals, families and company retirement plans across the country through trusted financial advisors and financial institutions. Cetera is one of the largest independent financial advisor networks in the nation by number of advisors, as well as a leading provider of retail services to the investment programs of banks and credit unions.
Through its multiple distinct firms, Cetera offers independent and institutions-based advisors the benefits of a large, established broker-dealer and registered investment adviser, while serving advisors and institutions in a way that is customized to their needs and aspirations. Advisor support resources offered through Cetera include award-winning wealth management and advisory platforms, comprehensive broker-dealer and registered investment adviser services, practice management support, and innovative technology.
" Cetera Financial Group " refers to the network of independent retail firms encompassing, among others, Cetera Advisors LLC , Cetera Wealth Services LLC (f/k/a Cetera Advisor Networks), Cetera Investment Services LLC (marketed as Cetera Financial Institutions, or Cetera Investors . All firms are members FINRA/SIPC.
Cetera Financial Group is committed to providing an equal employment opportunity for all applicants and employees. For us, this is the only acceptable way to do business. Accordingly, all employment decisions at Cetera Financial Group, including those relating to hiring, promotion, transfers, benefits, compensation, and placement, will be made without regard to race, color, ancestry, national origin, citizenship, age, physical and/or mental disability, medical condition, pregnancy, genetic characteristics, religion, religious dress and/or grooming, gender, gender identity, gender expression, sexual orientation, marital status, U.S. military status, political affiliation, or any other class protected by state and/or federal law.
Agencies please note: this recruitment assignment is being managed directly by Cetera's Talent Acquisition team. We will reach out to our preferred agency partners in the rare instance we require additional talent options. Your respect for this process is appreciated.
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