Bessemer Trust · 6 months ago
Fiduciary Officer
San Francisco, CA, 94111, United States
Full-time
Hybrid
Mid Level
$120K/yr - $165K/yr
3+ years expBessemer Trust is a family office managing over $200 billion in assets for high-net-worth individuals and families. They are seeking a Fiduciary Officer to support the administration of trust accounts, review trust instruments, and oversee trust termination processes while providing dedicated fiduciary resources for specialized accounts.
Financial ServicesWealth Management
Responsibilities
Support internal colleagues in all aspects of the administration of trust accounts where Bessemer serves as trustee
Participate in the review of distribution request memos for content and appropriate supporting documentation, review of Special Investment Requests, review of Power-to-Adjust Requests, etc., including coaching of internal client team members on appropriate submission content
Review sophisticated inter-vivos and testamentary trust instruments for high net worth clients and prepare accurate abstract / synopsis of relevant provisions
Issue spot newly accepted trusts to provide proper account setup guidance to internal colleagues
Prepare Initial Trust Reviews for newly opened trust accounts to assist internal colleagues and ensure accurate administration from inception
Oversee the trust termination process when trusts terminate, including drafting Receipt, Release & Refunding Agreements
Serve as dedicated fiduciary resource for specialized accounts and assets, such as Irrevocable Life Insurance Trusts
Support internal colleagues in the administration of trusts including training on appropriate trust administration techniques (overdraft management, discretionary distributions, compliance with trust policies, termination activities, management of special investments, etc.)
Assist in editing and/or drafting of policies and procedures
Review workflows submitted by client teams that pertain to trust accounts to ensure accuracy and proper trust administration
Perform additional special projects, as needed (for example, review trusts for compliance with investment policies; review trust accounting system information for accuracy and remediate as necessary, assist with new technology initiatives within the Trust Administration group)
Work with other Bessemer departments as necessary to effectuate proper trust administration
Qualification
Required
College degree required; Law degree preferred
3+ years experience in personal trust administration
Knowledge of trust law
Excellent analytical skills and attention to detail
Working knowledge of basic income tax, estate tax, gift tax and GST tax
Ability to work independently and self-start projects
Excellent interpersonal skills-ability to deal effectively with a wide variety of people
A team player
Excellent computer skills; proficiency with Microsoft Word and Excel
Ability to handle multiple competing priorities and organize tasks effectively
Excellent oral and written communication skills
Benefits
Competitive base salary plus discretionary annual bonus for select positions
A 401(k) plan with a generous annual profit-sharing contribution
Personalized development and career opportunities, including tuition reimbursement support
Comprehensive medical, dental, and vision plans with zero contributions for employee coverage
Employee assistance (EAP) and wellness programs
Hybrid work environment: 60% in office, 40% remote for most positions
Paid time off and paid parental leave
Employer-paid life insurance and short- and long-term disability coverage
Legal services and financial wellness plans at no cost to employees
Company
Bessemer Trust
Bessemer Trust is an investment management, wealth planning, and client service.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Kira Rosoff
Senior Vice President, Senior Wealth Advisor
R
Ryan Bottin
Vice President, Client Advisor
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