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To Learn More: Job Board: http://www.JobCircle.com?source=ng eLearning: http://www.JobCircle.com/courseware?source=ng Job Fairs: http://JobCircleJobFairs.com?source=ng ************************************************************** Job Title: Fiduciary Account Officer - JP Morgan Private Bank Job Location: DE: Newark Pay Rate: Open Job Length: full time Start Date: 2007-12-17 Company Name: JPMorgan Chase Contact: Recruiter Phone: email only please Fax: email only please Description: Fiduciary Account Officer - JP Morgan Private Bank – 070058115 Job Description Apply Online Description JPMorgan Private Bankis a global wealth management leader that delivers the highest quality advice, service, capabilities and products to high net worth individuals and families in 36 countries around the world. The Private Bank addresses every facet of wealth management from investment management and brokerage to tax and estate planning, credit, capital raising, and specialty wealth advisory services. The bank prides itself on delivering creative, customized solutions to clients in a way that is tailored to their individual needs. POSITION SUMMARY: The Fiduciary Account Officers & Representatives work with the Fiduciary Managers in the management of fiduciary accounts. Under the supervision of a Fiduciary Manager, the Fiduciary Account Officer manages trust and estate accounts in accordance with the Bank’s fiduciary responsibilities as trustee and executor. ESSENTIAL FUNCTIONS: - Interpret the governing instrument and applicable law in order to establish account records, including payment and fee schedules. Write to beneficiaries and co-fiduciaries to outline administrative procedures. - Respond to client issues, anticipate client needs, and prepare for and participate in client meetings with Fiduciary Manager. - Work with the Tax Department and counsel on income, gift, estate, and generation skipping taxes for the trust/estate and its beneficiaries. - Respond to requests from beneficiaries for discretionary distributions. Submit memoranda to Trust and Investment Committee for approval. Confer with co-trustee (if any) to obtain his/her approval. Communicate decision to client and follow-up with the request as necessary. - Oversee work performed by various Private Banking operational groups to ensure the smooth operation of the trust and estate accounts. - Handle departmental projects relating to accounts and special assets. Participate on various committees as needed. - Responsibilities in the administration of estates: - Identify, collect and secure decedents tangible and intangible assets. Assist in coordinating appraisals of personal property with auction houses and estate liquidators. Arrange for estate tax valuations. Notify beneficiaries of provisions of Will, determine beneficiaries preferences with regard to the form of distributions, satisfy specific bequests and establish testamentary trusts. Organize estate records and valuations for use by Counsel in preparation of death tax returns. Review death tax returns upon completion. Gather information requested by I.R.S. for an estate tax audit and attend meeting with auditor(s). Coordinate with Counsel in regard to preparation of an accounting, Receipt and Releases or court filings for judicial settlement; Coordinate final distributions and closure of account. - Responsibilities in the settlement of trusts: Coordinate flow of work relative to terminating accounts with internal departments. Write to remaindermen, executors and trust counsel outlining trust dispositive provisions and termination procedures for distribution of assets. Determine type of distribution and method of accounting with counsel and remaindermen. Review or prepare Letter Agreements/Receipt and Release Agreements and/or court filings and oversee the preparation and review of accountings. Coordinate final distributions and closure of account. Qualifications - College degree required - 5 years of Fiduciary/Trust experience required - A solid understanding of related legal, tax and financial concepts is preferred - Strong interpersonal, communication (written and oral), organizational and analytical skills are essential JPMorgan Chase is an Equal Opportunity and Affirmative Action Employer, M/F/D/V. Job profile Job category Trust and Fiduciary Services Locations US-DE-Newark Organization Asset & Wealth Management Schedule Full-time Job Type Standard Shift Day Job Employee Status Regular Please refer to Job code jpmorgan-689939 when responding to this ad. For FASTEST PROCESSING of your resume, please visit http://www.jobcircle.com/classifieds/1008487.html?source=ng to apply online. ************************************************************** For fastest processing of your resume, this employer asks that you apply to this job using the URL above. **************************************************************