Position Summary

The Director of Estate Settlement Services is responsible for providing leadership and execution of post mortem estate settlement services to support growth initiatives of the Company. These initiatives are centered around successful administration of client families post mortem estate administration needs

Duties & Responsibilities

The Director of Estate Settlement Services is responsible for providing leadership and execution of postmortem estate settlement services to support growth initiatives of the Company. These initiatives are centered around successful administration of client family's postmortem estate administration needs.
 

Effectively oversee and manage the postmortem trust and estate settlement team within wealth management. 

• Support local relationship teams in postmortem trust and estate settlement administration matters. 

• Handle postmortem trust and estate settlement services in accordance with the terms of the governing instruments, trust and estate laws, local law, tax law and sound fiduciary principles. 

• Draft, maintain and communicate relevant policies and procedures for the department and provide reporting to Executive Leadership or other appropriate committees. 

• Lead or serve as a member of governance committees, developing and advising on policy and procedure changes that improve fiduciary oversight, and leading projects to implement such changes 

• Interact with our Fiduciary Advisors, Wealth Advisors, Co-Fiduciaries and beneficiaries as appropriate in determining the investment objective, cash requirements for the account and cash or in-kind distributions. 

• Partner with attorneys and other professionals during all stages of trust and estate settlement 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. 

• Responsible for sales and implementation of estate and trust products to core clients; assess other wealth management opportunities that fit trust clients. 

• Stay informed of all Bank and Wealth Management policies and applicable state and federal regulations. 

• Collaborate with Fiduciary Advisors to coordinate relationship transitions to and from Estate Settlement Services team Responsible for outreach to the Wealth, Commercial and Retail team for internal educational 

opportunities and promotion of Trust and Estate Settlement services. 

• Assist with development and implementation of program geared toward Center of Influence outreach for purposes of promoting Trust and Estate Settlement services.

Education & Experience

Knowledge of: Technical expertise on federal and fiduciary income and state estate tax, and postmortem administration of trusts and estates. 

• Strong oral and written communication skills 
• Excellent time management skills 
• Strong relationship management and team building skills 
• Strong sales, presentation and client service skills 
• Knowledge of standard business systems, including but not limited to trust accounting systems, Microsoft Office and Outlook
• Ability to: Make independent decisions 
• Promote teamwork and collaboration across all areas of Wealth Management 
• Leverage expertise within Busey Wealth Management 
• Analyze and interpret general business periodicals, professional journals, technical procedures, and governmental regulations 
• Analyze and solve problems that frequently involve decisions based on a wide knowledge of many factors where application of advanced technical concepts is predominantly required 
• Education and Training: Requires a four-year college degree and preferably completion or enrollment in desirable wealth management designations, including LOM, CFP, JD CFA, and/or CPA. 

Preferred knowledge, Certified Trust and Fiduciary Advisor (CTFA)

• A JD with 5 or more years of experience in estate settlement. 
• Requires experience or demonstrated understanding of wealth management solutions including investments, banking and trust concepts including, but not limited to asset allocation, advanced estate planning, retirement plans, insurance, and identification/implementation of additional wealth planning opportunities. 

Compensation and Benefits

Salary offered is based on factors, including but not limited to, the 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: $126,000 - $168,00/year)

 

Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being—now and in the years to come—are important to us. Busey’s Total Rewards include a competitive benefits package offering 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. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.

 

Equal Opportunity

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.

 

Unsolicited Resumes

Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.