Estate Settlement Officer III
Company: Bank of America
Location: New York
Posted on: May 4, 2024
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Job Description:
Estate Settlement Officer III
Waltham, Massachusetts;Providence, Rhode Island; Melville, New
York; New York, New York
Job Description:
At Bank of America, we are guided by a common purpose to help make
financial lives better through the power of every connection.
Responsible Growth is how we run our company and how we deliver for
our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great
place to work for our teammates around the world. We're devoted to
being a diverse and inclusive workplace for everyone. We hire
individuals with a broad range of backgrounds and experiences and
invest heavily in our teammates and their families by offering
competitive benefits to support their physical, emotional, and
financial well-being.
Bank of America believes both in the importance of working together
and offering flexibility to our employees. We use a multi-faceted
approach for flexibility, depending on the various roles in our
organization.
Working at Bank of America will give you a great career with
opportunities to learn, grow and make an impact, along with the
power to make a difference. Join us!
Job Description:
Accountable for managing and settling the larger, more complex
estate and/or terminating trusts that require a higher level of
technical expertise and knowledge. Assigns tasks to the Settlement
Assistants, monitors progress and approves completed work. Will be
responsible for coaching, developing, and mentoring assistants and
junior level officers within the Settlement team. Builds and
maintains relationships with external business partners (Attorneys,
CPAs, and Fiduciary Accountants), and coordinates communication
with internal support partners (Tax, Compliance, SAM, ART), to
ensure accurate, timely and efficient administration, and to manage
business risk. Participates in sales calls as needed, offering
Settlement expertise. Maintains high quality communications with
beneficiaries, with focus on client satisfaction and asset
retention. Acts as a technical resource to colleagues within and
outside of Settlement team. BS/BA required. Advanced degree or
professional designation a plus. Non-licensed associate.
Responsibilities:
Assigns tasks to the Settlement Assistants, monitors progress and
approves completed work.
Responsible for coaching, developing, and mentoring assistants and
junior level officers within the Settlement team.
Builds and maintains relationships with external business partners
(Attorneys, CPAs, and Fiduciary Accountants), and coordinates
communication with internal support partners (Tax, Compliance, SAM,
ART), to ensure accurate, timely and efficient administration, and
to manage business risk.
Maintains high quality communications with beneficiaries, with
focus on client satisfaction and asset retention.
Accountable for managing the larger, more complex probate estates
and deceased grantor trusts that require a higher level of
technical expertise and knowledge in estate and trust
administration.
Responsible for increasing estate revenue by developing and
maintaining partnerships with Private Wealth Management business
partners and through referrals from other business lines.
Participates in sales calls as needed, offering Estate Settlement
expertise.
Coordinates communication with internal support partners (Tax,
Compliance, Real Estate, Private Business Group) to ensure
accurate, timely, and efficient administration and to manage
business risk.
Builds and maintains relationships with external business partners
(Attorneys and CPAs) and other organizations to promote awareness
of Estate Settlement Services.
Acts as a technical resource to colleagues within and outside of
Estate Settlement team.
Will involve responsibility for coaching, developing, and mentoring
assistants.
Desired Skills:
BS/BA or equivalent experience required
JD, advanced degree and/or certifications preferred
Minimum of 2-3 years of personal
trust/estatesettlement/investmentrelated experience
Excellent interpersonal and technical skills
Demonstrates excellent oral, written, and presentation skills
Exceptional organizational skills
Ability to work in a fast-paced, multi-task environment with
minimum supervision while demonstrating teamwork and delivering
client satisfaction
Proficient in Microsoft Office programs including Word and
Excel
Knowledge of probate administration (multi-state), fiduciary income
tax, and estate taxes preferred
Knowledge of Bank of America's proprietary trust systems a plus
Position will require periodic,overnight/multi-nighttravel
Skills:
Account Management
Customer and Client Focus
Oral Communications
Risk Management
Written Communications
Collaboration
Decision Making
Issue Management
Prioritization
Problem Solving
Attention to Detail
Client Management
Mentoring
Process Simplification
Referral Identification
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire
qualified candidates without regard to race, religious creed,
religion, color, sex, sexual orientation, genetic information,
gender, gender identity, gender expression, age, national origin,
ancestry, citizenship, protected veteran or disability status or
any factor prohibited by law, and as such affirms in policy and
practice to support and promote the concept of equal employment
opportunity and affirmative action, in accordance with all
applicable federal, state, provincial and municipal laws. The
company also prohibits discrimination on other bases such as
medical condition, marital status or any other factor that is
irrelevant to the performance of our teammates.
To view the "EEO is the Law" poster, CLICK HERE
(https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf)
.
To view the "EEO is the Law" Supplement, CLICK HERE
(https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf)
.
Bank of America aims to create a workplace free from the dangers
and resulting consequences of illegal and illicit drug use and
alcohol abuse. Our Drug-Free Workplace and Alcohol Policy
("Policy") establishes requirements to prevent the presence or use
of illegal or illicit drugs or unauthorized alcohol on Bank of
America premises and to provide a safe work environment.
To view Bank of America's Drug-free workplace and alcohol policy,
CLICK HERE .
Keywords: Bank of America, North Bergen , Estate Settlement Officer III, Other , New York, New Jersey
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