Estate and Trust Settlement Advisor

Glenmede Trust Co•Philadelphia, PA

1d•Hybrid

About The Position

For more than 65 years, Glenmede’s independent ownership, innovation and unwavering commitment to our clients have made us a trusted partner for private wealth, endowment & foundation, and investment management clients. Our people are invaluable. Through a team-oriented environment, your knowledge, expertise and varied backgrounds contribute to thoughtful innovation. Our culture fosters opportunities for continuous career growth and development in all areas of the organization. Working at Glenmede, you will experience the infrastructure and resources of a large firm combined with the client and employee focus of an independently owned boutique. Private Wealth: Empowering the confident pursuit of purpose, passions and legacy through integrated wealth management. To us, wealth is not static or one-dimensional. The complexities of wealth management require an integrated approach to anticipating, understanding and addressing unique client circumstances. Our team of experts partners with every client to personalize solutions that lead to exceptional outcomes. Our success is determined by the success of our clients. This position will operate in a hybrid work environment, 1 day per week in the office (Philadelphia, PA). OVERVIEW: This role is responsible for supporting the Estate and Trust Settlement Group with a range of tax preparation and administrative tasks to facilitate the settlement of estates and related trusts. This role reports into the Director of Estate and Trust Settlement.

Requirements

Bachelor’s degree or solid trust & estate paralegal experience.
A minimum of 5-7 years of experience in trust and estate settlement administration, including the preparation and/or review of federal estate tax returns, state inheritance and estate tax.
Experience assisting counsel and tax preparers in collecting information needed to prepare returns and experience in reviewing Fiduciary returns (e.g. Tax returns, Gift Tax returns, Federal Estate Tax returns, and State Inheritance and Estate Tax returns).

Nice To Haves

Law degree, CPA, or significant experience as a paralegal in a Trusts & Estates practice group.
Highly proactive attention to detail, dependable, and extremely organized.
Excellent problem solving and analytical skills.
Excellent proofreading skills and clear and concise communication skills.
Commitment to providing an exceptional client experience.
Strong knowledge of Microsoft Windows, Word, Excel and Power Point.
Prior experience with Global+, CRM, tax software, or ability to learn software.

Responsibilities

Monitor and address tax notices.
Research various estate, gift, and trust related tax issues including generation-skipping tax issues.
All facets of trusts and estate administration, including identification of assets, coordination of valuation, appraisal and collection of assets, identification of obligations and administration expenses, monitoring filing deadlines, preparation of spreadsheets and client communication.
Ability to interpret wills and trusts to assure proper implementation of document terms.
Understanding of fiduciary accounting principles.
Provide expert analysis of our acts as trustee or executor on matters including, but not limited to, account fundings, receipts and disbursements.
Ability to perform death tax reviews and flag potential tax or administration related issues for relationship teams.
Collaborate with relationship teams and provide advice regarding post-death administration of trusts.
Liaise with Operations, Tax and Relationship Managers to ensure proper tax and statement reporting for accounts impacted by a client’s death.
Support the estate settlement function with special projects as assigned including collection of assets, payment of estate expenses, statement reconciliation, assembly, and analysis of information necessary for completion of estate inventory, death tax returns, audits of tax returns and court accountings.
Active engagement in department-specific and firm-wide initiatives to expand capabilities, create solutions to unmet business needs, improve client experience, or enhance processes.
Ability and willingness to contribute to the advancement of team, office, and growth of the estate settlement practice at Glenmede.