Trust Administrator - Wealth Management

Return to search results Trust Administrator - Wealth Management (Delaware) Region   Americas Location   New York Group   Wealth Management Job description   Group Description: Evercore Wealth Management LLC, a subsidiary of Evercore (NYSE: EVR), serves high-net-worth families, endowments and foundations, delivering customized investment management, financial planning and trust and custody services. Evercore Wealth Management is a registered investment advisor with the U.S. Securities and Exchange Commission, with offices in New York, Minneapolis, Palm Beach, San Francisco and Tampa. Additionally, Evercore Wealth Management offers personal trust and custody services to its clients through its Wilmington, Delaware-based affiliate Evercore Trust Company, N.A. More information about planning, investing and personal fiduciary services at Evercore Wealth Management can be found at www.evercorewealthandtrust.comWhat is the Position? Evercore Trust Company is seeking an experienced and detail-oriented Trust Administrator to join our Wilmington, Delaware office. This role will support the administration of trust relationships, with a primary focus on Delaware trusts, and will work closely with Wealth & Fiduciary Advisors, investment professionals, clients, attorneys, accountants, beneficiaries, co-fiduciaries, and other internal and external partners.The Trust Administrator will be responsible for the administration of assigned trust relationships, with a primary focus on Delaware trusts. This professional will oversee day-to-day trust administration and help ensure that trusts are administered accurately, consistently, and in accordance with governing instruments, applicable fiduciary standards, internal policies and procedures, and regulatory requirements.Depending on the nature of the relationship, the Trust Administrator may serve as the primary day-to-day contact or may partner with a Wealth & Fiduciary Advisor who maintains the broader client relationship.Because the Chief Fiduciary Officer is also based in the Delaware office, this role will also provide opportunities to support broader fiduciary governance initiatives, including fiduciary committee processes and board reporting related to the trust company’s fiduciary activities.This role requires strong technical trust administration experience, sound fiduciary judgment, excellent communication skills, and the ability to balance responsive client service with disciplined fiduciary process, documentation, and operational execution.Primary Responsibilities: Administer assigned trust relationships in accordance with governing instruments, applicable law, fiduciary standards, internal policies, and regulatory requirements.Serve as a primary day-to-day administrative contact for assigned relationships, coordinating with clients, beneficiaries, Wealth & Fiduciary Advisors, investment professionals, attorneys, accountants, co-fiduciaries, trust protectors, distribution advisors, and other relevant parties.Partner with Wealth & Fiduciary Advisors and other internal professionals to deliver coordinated fiduciary administration and client service.Review and interpret trust agreements and related documents to identify administrative requirements, fiduciary powers, distribution standards, beneficiary rights, notice obligations, directed trust provisions, trust protector provisions, and other relevant terms.Prepare trust summaries, administrative checklists, account acceptance materials, client event memoranda, discretionary action requests, and other fiduciary documentation.Coordinate and document discretionary distribution requests, including gathering relevant information, analyzing trust terms and circumstances, preparing recommendations or internal memoranda, tracking approvals, and ensuring timely implementation.Monitor time-sensitive administration matters, including required notices, distribution deadlines, tax-related deadlines, account reviews, document updates, and other obligations.Support annual account reviews, Reg 9 reviews, internal relationship reviews, compliance reviews, and periodic client mailings.Coordinate with Portfolio Managers, Operations, Compliance, Legal, Tax, and other internal partners to ensure timely and accurate administration of trust accounts.Assist with account openings, closings, trustee appointments and resignations, asset transfers, beneficiary changes, administrative updates, and other trust maintenance matters.Monitor trust assets, liquidity needs, distributions, receipts, expenses, fees, tax payments, and other administrative activity.Coordinate with internal and external tax professionals regarding fiduciary income tax matters, estimated tax payments, tax reporting, K-1s, and related administrative requirements.Support trust modifications, decantings, nonjudicial settlement agreements, directed trust arrangements, trust protector matters, changes of situs, trustee changes, and other complex fiduciary matters.Assist with administration of special assets, closely held business interests, real estate, concentrated positions, tangible personal property, and other unique assets as needed.Maintain organized and complete trust records in accordance with internal policies, fiduciary standards, and regulatory expectations.Identify administrative, fiduciary, tax, operational, and relationship issues and escalate matters appropriately.Participate in special projects, process improvements, policy implementation, and initiatives supporting the Delaware trust business and broader fiduciary platform.Support the Chief Fiduciary Officer and other senior fiduciary leadership on fiduciary governance matters, including preparation for fiduciary committee meetings, board reporting, policy implementation, and related fiduciary oversight initiatives.Specific Qualifications: Bachelor’s degree required.Minimum of 5–7 years of trust administration experience with a trust company, bank, law firm, family office, or financial institution preferred.Experience administering Delaware trusts strongly preferred.JD, CTFA, or other relevant fiduciary, legal, tax, or trust designation preferred.Strong knowledge of trust administration principles, fiduciary duties, distribution standards, beneficiary communications, fiduciary documentation, and trust accounting concepts.Familiarity with Delaware trust law, directed trusts, trust modifications, decantings, trust protectors, administrative situs, and multi-jurisdictional trust administration preferred.Understanding of fiduciary income tax concepts and administrative requirements associated with trust taxation.Experience with discretionary distributions, account reviews, Reg 9 reviews, compliance reviews, and fiduciary policies and procedures.Excellent written and verbal communication skills.Strong client-service orientation and ability to communicate effectively with sophisticated clients, beneficiaries, attorneys, accountants, and internal partners.Exceptional attention to detail, strong organizational skills, and ability to manage multiple priorities and deadlines simultaneously.Sound fiduciary judgment, discretion, and ability to handle confidential information.Ability to work independently while maintaining a collaborative approach with Wealth & Fiduciary Advisors and other colleagues.Proficiency in Microsoft Office Suite, including Word, Excel, Outlook, and PowerPoint.Ability to learn and use trust accounting, CRM, document management, workflow, and other internal systems.Expected Base Salary Range: $100,000 - $125,000This position requires valid United States work authorization and is not eligible for employer visa sponsorship.In addition to a competitive base salary, employees may be eligible to receive a discretionary bonus delivered in the form of cash and/or deferred equity. Evercore also offers a variety of benefits and programs, subject to eligibility. These include, but are not limited to:Medical, prescription, dental, and vision insurance, including healthcare savings and reimbursements accounts401(k) Retirement Plan  Life and disability insurance, including additional voluntary financial protection insuranceWell-being resources and programs, including mental health and mindfulness programs, digital wellness platforms, well-being events, and targeted on-site health servicesFamily-building and family-support benefitsPaid parental, caregiver, marriage and bereavement leaveCommuter benefits, health club membership discounts, and other corporate discountsPaid holidays, vacation days, personal days, sick days, and volunteer opportunities About Evercore: Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic significance to boards of directors, management teams, and shareholders - including mergers and acquisitions, shareholder advisory, restructurings, and capital structure. Evercore also assists clients in raising public, private capital, delivers equity research, equity sales and agency trading execution, in addition to providing wealth and investment management services to high-net-worth individuals. Founded in 1995, the Firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in North America, Europe, the Middle East, and Asia. For more information, please visit www.evercore.com.Inclusion and Equal Opportunity Employment:  Evercore is an equal employment opportunity employer and does not discriminate against individuals because of actual or perceived race, color, creed, religion, sex, pregnancy, national origin or ancestry, mental or physical disability, age, veteran status, military status, citizenship status, sexual orientation, gender identity or expression, genetic information, or immigration or citizenship status, or any other characteristic protected by applicable law (referred to as “protected status”), in accordance with applicable federal, state and local laws.