Associate Client Account Manager recruitment
The Associate CAM acts as a liaison between Senior Client Account Managers and all other service areas of the organization, including: Client Tax and Financial Planning Department, Investments, Legacy Planning and Trust Administration, Alternative Asset Management Group, Philanthropic Advisory Services, Property and Casualty Advisory Services, Equity Risk Management and Custody.
Responsibilities:
Client Service
•Regular client communication, including responding to client and advisor inquiries.
•Attend client meetings as directed by Senior Client Account Manager. Document issues discussed and coordinate follow up utilizing CRM.
•Oversee preparation of client meeting presentation books. Create custom reports proactively and at client request.
•Document written and verbal communication with clients and their advisors in CRM.
•Input client information in CRM and update as needed.
Account Administration
•Oversee account opening and closing procedures and review related documents prepared by account team.
•Review deeds, wills, trusts and establish necessary automated reminders, remittances, etc.
•Coordinate with Bessemer fiduciary counsel as needed to ensure administration is in accordance with governing documents.
Investment Management
•Assist the Senior CAM in investment management activities including implementing investment objectives, rebalancing accounts, executing trades, monitoring asset allocation and investment performance, and overseeing investment transition.
•Monitor daily overdraft report and work with account team to resolve overdrafts.
•Coordinate client requests for funds including regular remittances and disbursements.
•Prepare asset allocation simulation modeling for clients.
Trust Administration
•Prepare initial and annual trust reviews. Prepare requests to SIDD committee for all discretionary distributions from trusts and for all special investments in trust.
•Prepare reports to Trust Builder for irrevocable insurance trusts (ILITs), make transfers to ILITs as required and pay life insurance premiums.
•Make required distributions from charitable remainder trusts (CRTs), charitable lead trusts (CLTs) and private foundations.
• Coordinate annual unitrust payments and private foundation grant payments with tax department.
•Process gifts to charity and family. Prepare and send Crummey letters as appropriate.
•Coordinate with tax department (or clients outside tax preparers) on reporting gifts to, and use of GST exemption on gift tax returns for, irrevocable trusts.
Compliance Responsibilities
Comply with all regulatory requirements including, but not limited to:
•Prepare Annual Relationship Review.
Other duties and responsibilities as assigned.
Qualifications:
•Bachelor’s degree in a relevant field (Business Administration, Finance, Economics, Law, Taxation) required. Masters preferred.
•Four to ten years related experience or equivalent combination of education and experience.
•Series 7, Series 63 license desired with two years of Cannon Trust School or equivalent. Suggested: CTFA or CFA or current law license or current CPA
•Proficient in Microsoft Office Suite - Excel, Outlook, PowerPoint, Word