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Community Financial System, Inc. · 6 hours ago

Wealth Advisor

Williston, VT

Full-time

Onsite

Senior Level

$66K/yr - $109K/yr

5+ years exp

Community Financial System, Inc. (CFSI) is dedicated to providing personalized financial services and products. The Wealth Advisor is responsible for servicing and administering assigned accounts in a fiduciary capacity, ensuring compliance with legal documents and regulations while managing various types of accounts.

Financial ServicesFunding PlatformWealth Management

Hiring Manager

Jennifer DeFelice, SHRM-CP

Responsibilities

Responsible for servicing and administering assigned accounts in a fiduciary capacity in accordance with account agreements, terms of legal documents, banking regulations, federal/state laws, and internal policies and procedures

Administer accounts in accordance with stated account agreements and/or legal documents to ensure fiduciary duties and responsibilities are fully satisfied

Administer and settle trust and estates in accordance with a decedent’s Last Will & Testament, Trust Agreement, and/or applicable documents

Respond to inquiries or requests for information from clients/beneficiaries, accountants, attorneys, courts, interested parties, auditors, regulators, and internal Bank personnel, as appropriate

Document account files and systems to reflect client/beneficiary communications, instructions, and authorizations

Work with portfolio managers (internally and externally) in the development and implementation of investment objectives and policy statements

Maintain updated account files and ensure trust accounting system reflects accurate coding for regulatory and risk management purposes

Daily review of account activity

Perform annual reviews and any other applicable regulatory reviews

Analyze, recommend or determine discretionary distribution decisions in accordance with legal instrument and internal policies and procedures

Direct and oversee the transfer of funds, distributions, and payment of invoices

Manage, secure, insure, value, and oversee unique/non-standard assets in accounts

Prepare interim and final accountings for trusts and estates, as needed

Coordinate and work with third-party professionals as needed (e.g. real estate appraisers and brokers, attorneys, accountants, etc.)

Develop and maintain relationships with Wealth Management personnel, both internally and externally, and market area centers of influence (COIs) for new business opportunities

Supervise assigned personnel in accordance with all relevant corporate policies

Provide guidance and training support to Trust personnel and internal/external business partners as needed

Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to policies, procedures, and internal controls, and meet all training requirements in a timely manner

Perform other related duties as assigned or directed

Qualification

Certified TrustFiduciary AdvisorTrustsEstates knowledgeWealth management experienceAccounting knowledgeIncome tax knowledgeInter-personal skillsWrittenVerbal skillsAnalyticalComputer skillsProblem solving skillsAttention to detail

Required

J.D. or B.S., B.A., or M.B.A. degree with a major in Business, Accounting, Marketing, Finance, Economics or related field preferred

All applicants must be 18 years of age or older

Strong inter-personal skills; strong written and verbal skills including comfort level for public speaking; strong analytical and problem solving skills; ability to analyze, comprehend, and interpret legal documents; mathematic skills; accounting knowledge; income tax knowledge and/or experience; strong attention to detail with ability to work independently and manage deadlines/workflow; self-starter; strong computer skills including use of Word, Excel, and PowerPoint; knowledge of trusts, estates, investments, employee benefits; valid driver's license

Preferred

Preference will be given to candidates with a Certified Trust and Fiduciary Advisor (CTFA) certification, a pending certification, or relevant coursework in progress

Minimum of five (5) years' experience in trust or wealth management industry or related position preferred