Fiduciary Administrator 1 - Special Needs Trust

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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.

The Fiduciary Administrator 1 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. Under general supervision, duties typically include: reading, interpreting and applying trust document language to specific situations; making frequent distributions of cash or assets; conducting comprehensive reviews of account activity and terms of all types of accounts following Wells Fargo policies/procedures. Performs fiduciary duties as an officer of the bank. May identify customer needs and offer solutions. May have direct customer contact.

Required Qualifications

• 1+ year of experience in one or a combination of the following industries: financial, trust, or legal or 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

• Strong analytical skills with high attention to detail and accuracy
• Excellent verbal, written, and interpersonal communication skills
• Solid problem solving and decision making skills
• Ability to interact with all levels of an organization
• Ability to work effectively in a team environment
• Good PC skills with the aptitude to learn new systems quickly
• Knowledge and understanding of estate, trust, or fiduciary administration

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: $39,300 Mid: $54,600 Max: $69,900

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

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