Senior
Foundations & Endowments Specialty Practice Account Manager I
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Regular or Temporary: Regular
Language Fluency: English (Required)
Work Shift: 1st shift (United States of America)
Please review the following job description:
Provide proactive account management, administration, and operational oversight for trust and investment advisory relationships with not-for-profit (NFP) organizations, delivering a consistent, high-quality client experience. Partner with Foundations & Endowments Specialty Practice (FESP) Client Managers to ensure client accounts are administered in compliance with bank policies, regulatory requirements, and established procedures while supporting clients' day-to-day service needs.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Serve as Account Manager and provide high quality account management and administration for FESP Team clients. Account Management includes proactive client service with minimal oversight, client retention, new client relationship and account onboarding, account closing coordination and lost business reporting, solving client issues, and various client reporting requirements.
Partner with one or more FESP Client Managers to meet and exceed client needs and objectives. Directly handle or provide direction to FESP Account Specialists and other FESP support teammates for client administration tasks.
Complete and ensure all Anti-Money Laundering (AML) and Client Identification Program (CIP) requirements are met. Includes all requirements for new clients and required updated documentation for existing clients.
Coordinate effectively to clear Reg 9 flag exceptions. Requires document review and analysis; requests for additional documents and/or information from clients; partnership with Reg 9 Center of Excellence teammates; and timely and efficient flag exception resolution.
Collaborate with FESP Client Managers, Business Development Officers, Investment Managers and other Bank partners to support new business efforts. Participate in RFP responses as needed.
Coordinate all account opening requests, submit executed documents and account coding requirements in the New Account Opening (NAO) system. Manage client expectations and communicate effectively during the account opening process, providing timely updates. Ensure fees are set up accurately and verify fees for first two fee cycles and annually going forward.
Respond to client audit requests and submit SOC1/SSAE16 report requests timely.
Coordinate effectively and efficiently with Operations partners, outside consultants, outside investment managers and other client related vendors.
Ensure accounts are coded properly for tax reporting and coordinate with and respond to requests from tax partners. In consultation with FESP Client Manager, manage Private Foundation required minimum distributions (RMDs), facilitate and prepare discretionary actions requests, and distribute grant payments prior to fiscal year deadlines. Prepare annual unitrust valuations and ensure beneficiary payments are updated.
Respond to client and teammate requests timely and with high attention to detail and accuracy.
Manage risk, compliance, and expense control by following procedures, processes, and minimize operating losses. Adhere to appropriate document and record retention processes.
Participate in projects and other initiatives as requested.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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5 or more years of client account management, administration, and compliance and risk management experience with trust, investment advisory and/or related not for profit or other experience.
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Proven success in critical thinking, document analysis, and problem solving skills
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Positive "can do" attitude and ability to work well within a Team environment in serving FESP clients.
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Strong communication skills (written and verbal) and excellent presentation and interpersonal skills
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Effective time and personal management
Preferred Qualifications:
- Bachelor's Degree
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.
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