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Fiduciary Administrator 2 - Special Needs Trust

Company: Wells Fargo
Location: Austin
Posted on: November 19, 2021

Job Description:

Job Description Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application. At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Wealth & Investment Management, or WIM, is one of the United States' leading providers of financial and investment services. WIM provides a full range of personalized wealth management, investment, and retirement products and services to meet clients' unique needs and help them achieve financial goals. Our mission is to help clients pursue their financial goals with confidence. We accomplish this by: o Building enduring client relationships through sound, thoughtful, and objective advice o Developing individualized plans for clients to help meet their financial objectives o Helping clients build, manage, preserve, and transition their financial resources and wealth WIM serves clients through the following businesses: o Wells Fargo Private Bank serves high-net-worth individuals and families. o Wells Fargo Advisors provides investment advice and guidance to clients through more than 13,200 full-service financial advisors and referrals from more than 5,450 licensed bankers. o Wells Fargo Asset Management brings together a strategic balance of investment capabilities to serve the investment needs of institutions, financial advisors, and individuals worldwide. Through Wells Fargo Private Bank, WIM is also a leading provider of trust, investment, and fiduciary services, including personal trust services and a number of specialized wealth services designed to meet the diverse needs of high-net-worth clients. As part of its vision for a flatter, more nimble organization that is easier to do business with, Wealth and Investment Management (WIM) has created horizontal functions known as centers of excellence to support all client coverage channels. Banking, Lending, & Trust is a center of excellence that brings teams and functions currently found across WIM's consumer businesses under a common, WIM-level organization. The group is focused on transforming from channel-based to client-focused solutions and delivery in an effort to reduce operational risk, improve efficiency, increase consistency/coordination, and bring focus on product management / development to deliver innovative growth and improve the client experience. Additionally, the new group will deliver a WIM-level culture of product management excellence by creating a culture of innovation, product excellence, client service and risk mitigation. The Fiduciary Administrator 2 on the Special Needs Trust Team administers Special Needs Trusts individually and as part of a team for the benefit of beneficiaries with varying degrees of disability and/or incapacity. Works with field trust partners, attorneys, caseworkers, and other professionals to ensure that Special Needs Trusts are administered in conformity with trust provisions, bank policies, Social Security regulations, Medicaid regulations, and other legal requirements. Works with families of disabled individuals and field trust officers to determine needs of beneficiaries and appropriate distributions from trusts. Administers trusts in a manner that prevents disqualification of beneficiaries from SSI/Medicaid and other means tested government benefit programs. Works with a variety of professionals, including attorneys, tax professionals, social workers, case managers, and health care professionals to develop and offer solutions to problems facing disabled individuals and their families. Identifies risk issues on Special Needs Trust accounts, and works to resolve such issues. Duties may include: setting up, administering, terminating and distributing moderately complex accounts of all types. Works with the Relationship Team to identify areas of administrative complexity and/or opportunities for the Relationship Team to engage in the expansion of services. Develops knowledge of investment strategies, objectives and asset allocations. Communicates directly with beneficiaries, WF partners and centers of influence as well as external resources, e.g. accountants or attorneys, who are related to the client accounts as part of day-to-day administration. Analyzes trust/financial information, reacts accordingly and prioritizes as appropriate. May provide work direction. Required Qualifications * 3+ years of experience in one or a combination of the following industries: financial, trust, or legal; or 2+ years of experience in one or a combination of the following industries: financial, trust, or legal plus one of the following degrees or certifications: BA or higher in Trust & Wealth Management, JD, CERTIFIED FINANCIAL PLANNER (tm) or Certified Trust Fiduciary Advisor Desired Qualifications * Intermediate Microsoft Office skills * Strong analytical skills with high attention to detail and accuracy * Excellent verbal, written, and interpersonal communication skills * Ability to interact with all levels of an organization * Ability to review trust agreement documents and ensure bank compliance * Ability to take initiative and work independently with minimal supervision in a structured environment * Ability to work effectively in a team environment * Knowledge and understanding of estate, trust, or fiduciary administration * Solid problem solving skills * Ability to read and interpret legal documents Other Desired Qualifications * Knowledge and experience in working with Special Needs Trusts preferred * Knowledge of Medicaid/Medicare and Social Security benefit programs preferred * Experience interacting or communicating with trust beneficiaries, and/or with families of disabled individuals preferred Salary Information The salary range displayed below is based on a Full-time 40 hour a week schedule. TX-Austin: Min: $47,500 Mid: $65,500 Street Address TX-Austin: 5301 Southwest Parkway Bldg A - Austin, TX Disclaimer All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.Relevant military experience is considered for veterans and transitioning service men and women.Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. Benefits Summary Benefits Visit for benefits information.

Keywords: Wells Fargo, Austin , Fiduciary Administrator 2 - Special Needs Trust, Accounting, Auditing , Austin, Texas

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