Trust & Estate Settlement Advisor
Busey, Peoria, IL, United States
Position Summary
The Trust and Estate Settlement Advisor is primarily responsible for oversight and management of a personal book of postmortem trust and estate settlement accounts, as well as assisting and being a resource for the management of postmortem trust and estate settlement accounts across the organization. This position will report to the Director of Estate Settlement.
Duties & Responsibilities
Effectively oversee, manage and support postmortem trust and estate settlement account administration within Wealth Management in accordance with governing instruments, trust and estate laws, local law, tax law, and sound fiduciary principles.
Participate in all facets of administration, including collection of assets, investment management decisions, and coordination with tax partners.
Maintain contact and communicate regularly with Advisors, beneficiaries, attorneys, accountants, and other interested parties on all aspects of administration, including maintaining client files, preparing materials for client meetings, managing deadlines, collecting information necessary to complete reporting and filing requirements, and attending to clients’ concerns and needs.
Stay informed of all Bank and Wealth Management policies and applicable state and federal regulations.
Collaborate with Fiduciary Advisors to manage client expectations, create a great client experience, and participate in relationship retention efforts.
Responsible for outreach to the Wealth Management, Commercial and Retail teams for internal educational opportunities and sales opportunities by active promotion of Trust & Estate Settlement services.
Participate in development and implementation of Trust & Estate Settlement Services policies and procedures.
Education & Experience Required: Requires a four‑year college degree. JD highly preferred. Tax LLM and/or CPA a plus. Completion or enrollment in desirable wealth management designations including MBA, CFP®, CFA, and/or CTFA a plus. At least five years of significant experience in trust and estate settlement required.
Technical & Soft Skills
Technical expertise on federal and state estate tax, and postmortem administration of trusts and estates.
Strong verbal and written communication skills.
Excellent time management skills.
Proven relationship management and team building capabilities.
High‑level sales, presentation, and client service expertise.
Proficiency with standard business systems, including trust accounting systems, Microsoft Office, Outlook.
Ability to analyze and interpret governing trust and/or estate documents, professional journals, technical procedures, governmental regulations, and federal and state statutes.
Make confident independent decisions and provide timely client follow‑up.
Promote teamwork and collaboration across all areas of Wealth Management.
Analyze and solve problems that frequently involve decisions based on a wide knowledge of many factors where advanced technical concepts are predominantly required.
Create ongoing development and broaden appropriate knowledge and skills.
Travel as needed.
Compensation and Benefits Salary offered is based on factors, including job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance. (Base Pay Range: $98,000 - $127,055/year).
Busey provides a competitive Total Rewards package including 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company‑paid life insurance and long‑term disability, supplemental voluntary life insurance, short‑term and long‑term disability, wellness incentives and an employee assistance program. Eligible associates may also take advantage of pre‑tax health savings accounts and flexible spending accounts.
Equal Opportunity Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. Busey is an Equal Opportunity Employer including Disability/Vets.
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Duties & Responsibilities
Effectively oversee, manage and support postmortem trust and estate settlement account administration within Wealth Management in accordance with governing instruments, trust and estate laws, local law, tax law, and sound fiduciary principles.
Participate in all facets of administration, including collection of assets, investment management decisions, and coordination with tax partners.
Maintain contact and communicate regularly with Advisors, beneficiaries, attorneys, accountants, and other interested parties on all aspects of administration, including maintaining client files, preparing materials for client meetings, managing deadlines, collecting information necessary to complete reporting and filing requirements, and attending to clients’ concerns and needs.
Stay informed of all Bank and Wealth Management policies and applicable state and federal regulations.
Collaborate with Fiduciary Advisors to manage client expectations, create a great client experience, and participate in relationship retention efforts.
Responsible for outreach to the Wealth Management, Commercial and Retail teams for internal educational opportunities and sales opportunities by active promotion of Trust & Estate Settlement services.
Participate in development and implementation of Trust & Estate Settlement Services policies and procedures.
Education & Experience Required: Requires a four‑year college degree. JD highly preferred. Tax LLM and/or CPA a plus. Completion or enrollment in desirable wealth management designations including MBA, CFP®, CFA, and/or CTFA a plus. At least five years of significant experience in trust and estate settlement required.
Technical & Soft Skills
Technical expertise on federal and state estate tax, and postmortem administration of trusts and estates.
Strong verbal and written communication skills.
Excellent time management skills.
Proven relationship management and team building capabilities.
High‑level sales, presentation, and client service expertise.
Proficiency with standard business systems, including trust accounting systems, Microsoft Office, Outlook.
Ability to analyze and interpret governing trust and/or estate documents, professional journals, technical procedures, governmental regulations, and federal and state statutes.
Make confident independent decisions and provide timely client follow‑up.
Promote teamwork and collaboration across all areas of Wealth Management.
Analyze and solve problems that frequently involve decisions based on a wide knowledge of many factors where advanced technical concepts are predominantly required.
Create ongoing development and broaden appropriate knowledge and skills.
Travel as needed.
Compensation and Benefits Salary offered is based on factors, including job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance. (Base Pay Range: $98,000 - $127,055/year).
Busey provides a competitive Total Rewards package including 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company‑paid life insurance and long‑term disability, supplemental voluntary life insurance, short‑term and long‑term disability, wellness incentives and an employee assistance program. Eligible associates may also take advantage of pre‑tax health savings accounts and flexible spending accounts.
Equal Opportunity Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. Busey is an Equal Opportunity Employer including Disability/Vets.
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