Associate Client Advisor

Bessemer Trust is a family office focused on private wealth management, overseeing $250 billion in assets for ultra-high net worth clients. The Associate Client Advisor will develop and maintain client relationships, manage client accounts, and coordinate services across various departments to deliver personalized client service.

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
• Comply with all regulatory requirements including but not limited to: 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
• Basic knowledge of trust administration and fiduciary services
• 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

Benefits

• 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
• Hybrid work environment: 60% in office, 40% remote for most positions
• 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

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