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Trust Specialist
$40,082 - $66,810/Yr
Private Trust - Cleveland, OH
posted about 2 months ago
Full-time
Cleveland, OH
About the position
The Trust Specialist role at LPL Financial involves delivering exceptional customer service experiences while supporting a trust officer in managing high-net worth accounts. This position requires effective communication and execution of relational and transactional activities among clients and advisors, focusing on accuracy and organization in a fast-paced environment.
Responsibilities
- Reading trust documents and other legal documents.
- Participating primarily in general trust administration functions supporting a trust officer.
- Coordinating requests and documentation needs with financial advisors, clients, accountants, and attorneys.
- Working with officers in reviewing account documentation, administration and investment policies, cash liquidity needs, historical or prospective changes in client situations or activities.
- Preparation of discretionary distribution memoranda.
- Collaborating with the Middle Office during account openings.
- Initiating operational functions to close accounts.
- Processing deposits and disbursements.
- Following up on issues identified during annual account reviews.
- Handling a heavy volume of client and advisor inquiries and requests via phone or email and fulfilling the needs of those requests.
- Focusing on accuracy, organization, and details.
- Participating in client meetings as needed.
- Preparation of special reports, spreadsheets, and correspondence, as needed.
- Assisting in administering trust settlements and/or more complex trust accounts.
Requirements
- High school diploma or GED
- 1+ years of admin experience
- Ability to come on site 3 days a week (Cleveland, OH)
Nice-to-haves
- Bachelor's Degree
- Interest in estate planning, investments, bank compliance and trust regulations such as principal and income accounting
- Experience with Word, Excel, PowerPoint
- Ability to articulate issues and solutions in a client relationship environment
- Project and time management skills preferred
- Interpersonal and problem-solving skills
- Clear verbal and written communication
Benefits
- 401K matching
- Health benefits
- Employee stock options
- Paid time off
- Volunteer time off
