Job Information
Ameriprise Financial Sr Trust Officer in Minneapolis, Minnesota
In this role you will work directly with financial advisors and trust clients to create, enhance, and expand their relationship with Ameriprise. Responsibilities include Fiduciary administration of complex estate and personal trust accounts,
reviewing and interpreting Wills and Trust agreements, conferring with attorneys, financial advisors and clients regarding establishment, administration, and operation of trust accounts. You will also be responsible for establishing and maintaining positive client relationships, quality customer service, and client retention.
Key Responsibilities
Responsible for overall trust account servicing, including initial and ongoing account reviews, discretionary distribution reviews, relationship building with advisors, clients and attorneys, research of legal issues, detailed knowledge of state and federal statutes governing trust administration, and interpretation of and execution of actions as directed by governing documents including Wills, Trusts, Codicils, Amendments, FLP, Contracts, etc. Actively participate in Trust Administrative Sub-Committee meetings. Perform administrative account reviews annually.
Work with advisors, attorneys, accountants, and family members to ensure timely and accurate estate settlement including review document to determine dispositive provisions, review/approve payment of final expenses, coordinate gathering of material/documents for the final income tax return and estate tax return, determine whether other assets flow into trust/estate, ensure proper distributions made to beneficiaries, ongoing communication with beneficiaries and advisors, etc.
Assist in the sales process for Personal Trust; review and analyze documents, propose changes, negotiate and provide legal research as necessary, oversee and monitor account establishment and funding. Responsible for identification of core business opportunities in the Ameriprise Financial Advisor channel via outbound call component. Actively participate in Trust Administrative Sub-Committee meetings to discuss new business, terminations, discretionary distributions and other issues as necessary.
Coordinate preparation of trust tax returns and Agency letters with accountant, address coding and other issues impacting preparation of returns, develop new policies and procedures to address enhancements and changes, review tax returns for accounts administered, assist other team members as necessary to help ensure timely preparation and review of all returns is completed.
Lead and/or participate in other projects as a subject matter expert (e.g., IRA development, coordination with Financial Planning, litigation settlement, system conversions, etc).
Required Qualifications
- 7-10 years' relevant experience
Preferred Qualifications
Trust investment background and/or experience with brokerage and/or delivery of trust services through alternative channels helpful.
FINRA Series 7, 63, 65/66.
Experience in trust management.
Good written and oral communication skills.
Strong organizational skills and attention to detail.
Ability to prioritize and follow through.
Good analytical and problem-solving skills.
About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration. Our team of 20,000 people in more than 20 countries advise, manage and protect the assets and income of more than 2 million individual, small business and institutional clients. We are a long-standing leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial Services, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Business Support & Operations
Line of Business
BANK Bank
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.