Job Description
Bessemer Trust is a family office focused on private wealth management, overseeing substantial assets for ultra-high net worth clients. The Associate Client Advisor will develop and maintain client relationships, manage client accounts, and ensure the coordinated delivery of services to individuals and families.
Responsibilities
- Handle routine communication with clients and their advisors via telephone, email and fax
- Document written and verbal communication with clients and their advisors in Salesforce
- Prepare charts and materials for client meeting presentations using Excel, Word, PowerPoint and internal applications as needed
- Construct customized spreadsheets for clients
- Complete financial paperwork from other institutions for clients
- File correspondence and other documents in internal databases
- Create documentation of client correspondence for tracking purposes
- Attend and contribute to client meetings and presentations
- Interface with clients when questions arise about investment strategy or capital markets outlook
- Propose and implement investment programs as directed by Client Advisors and Senior Client Advisors using Bessemer applications
- Prepare investment guidelines for client accounts in line with clients' goals and risk tolerance
- Collaborate with Client Advisors and Senior Client Advisors to proactively monitor asset allocation
- Build implication models taking into account spending, taxation, and potential market behavior among other factors
- Proactively monitor and take action to correct fixed income maturities and client overdrafts based on knowledge and history of the client account
- Initiate orders for rebalancing of accounts
- Work with Client Administration Team to open accounts and coordinate with outside agents the transfer of assets to Bessemer
- Assist in preparation of account opening documentation and account profiles, obtain required approvals, and gather legal documents and tax cost information
- Prepare Officers Committee account reports
- Perform cash management functions using Workflow and Atlas in accordance with established account procedures and applicable fiduciary laws and policies
- Process client remittances in conjunction with Client Tax Department
- Monitor and assist in covering overdrafts
- Supervise and pay client bill payments
- Prepare client presentation packages and reporting on client accounts
- Coordinate trust reviews with Fiduciary Officers
- In addition to attending all internal training sessions including Basic Trust Administration, the Associate Client Advisor is expected to stay up to date on economic and market trends by: attending corporate communications meetings; conducting independent research; and reviewing relevant legal, tax, financial planning, and trust and estates publications
- Attend continuing education courses on trust administration
- Assist in the preparation of Annual Relationship Reviews and Trust Administrative Reviews
Skills
- Bachelor's degree required
- Analytical & independent problem solving skills
- Written and verbal communication skills
- Demonstrated leadership and teamwork qualities
- Successful candidate must be goal-oriented, detailed oriented and a motivated self-starter
- Organizational skills and ability to manage multiple tasks
- Proficiency with Microsoft Office
- Proven interest in financial markets preferred
- One or more years of related business experience preferred (specifically within Wealth Management a plus)
- Working knowledge of trust administration and fiduciary laws, policies, Regulation-9 and KYC preferred
- Basic knowledge of trust administration and fiduciary services
Benefits
- In addition, this position may be eligible to participate in the relevant business unit’s incentive compensation plan, and other compensation programs as applicable.
- Eligible employees may participate in a 401(k) program with a generous profit-sharing contribution
- Medical, prescription dental, and vision coverage
- Life insurance
- Disability coverage
- Paid holidays
- Vacation
- Sick time, subject to plan terms and Company policies
- 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
- 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 Overview
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