AVP, Real Estate Officer

Job Overview :

The Assistant Vice President, Real Estate Trust Officer will be part of our innovative, entrepreneurial, high-performing team helping advisors be highly competitive in the industry and poised to help them grow by delivering independent financial advice.

PTC has a corporate value of creating a more client-centric culture and this role is pivotal to driving that agenda forward and elevating the service levels of clients and advisors.

This role is responsible for partnering with independent financial advisors in administering trust accounts for clients and advisors.

The scope of responsibilities includes relationship management, fiduciary and account administration, real estate management, other illiquid asset management, and other functions as required to ensure excellent relationships with clients, business partners, and success with firm-wide initiatives.

In this role, you will be responsible for managing all assigned trust owned real estate and oil, mineral and gas assets with additional responsibilities for closely held interests and personal property, among other illiquid assets.

You will be responsible for managing all assigned trust owned real estate assets, which will include moderately complex beneficiary occupied residential properties.

In some instance, may also include rental, commercial, farmland and timber properties as well as oil, gas, and mineral interests.

Responsible for identifying, mitigating, and escalating risk while acquiring, preserving, and managing these properties.

Responsibilities :

Illiquid Asset Administration : Serve as the Trust Real Estate officer for trust real estate as well as other designated special assets, mentoring and coaching trust specialists to assist you in managing special assets, communicating with trustees, beneficiaries, and financial advisors, reviewing annual trust reviews and ensuring that fiduciary standards and practices are observed.

In addition, provide daily administration for special assets, including transaction management and / or execution. Consult with the Trust Administration Committee, Trust Counsel, beneficiaries, outside trustees, financial advisors, attorneys, and CPAs as appropriate.

Analyze and interpret relevant legal documents including entity documents, leases, title documents in relation to special assets.

Complies with the banks policies and procedures for consistent management of real estate activities in alignment with the banks fiduciary policies procedures, to include such activities as : real estate purchases, sales, leases, negotiations, general property management, safekeeping, disposition / productivity analysis, bill payments, tax and insurance enforcement and the hiring of contractors and agents.

Responsible for assessing risk and making recommendations to accept, retain or sell assets. Conducts annual reviews. Presents recommendations to Investment and Administrative committees, according to committee guidelines.

Preserves and manages assigned physical properties. Determines need for property improvements. Coordinates the hiring of professionals as needed for maintenance and upkeep of the property.

Ensures all properties are adequately inspected, valued and insured; ensures all taxes, insurance premiums and property related expenses are timely paid and kept current.

Oversees all activities necessary to purchase or sell a property. Determines if capital improvements are necessary. Assesses risk of transaction.

Presents recommendations to Trust Investment and / or Administrative Committees. Coordinates with internal partners and external service providers to ensure a smooth and accurate transfer of ownership.

Relationship Management and Client Service : Manage financial advisor and client relationships and provide client service and support for moderately complex to complex relationships.

Identify client needs, address client concerns, resolve issues (with guidance from senior officers where appropriate) and respond to client inquiries while keeping relevant parties involved.

Effectively communicate with clients, financial advisors, external partners and colleagues regarding fiduciary, tax, legal, administrative and investment matters.

Projects : Participate in special projects and initiatives and create effective working relationships with colleagues and peers within the Company and across the firm.

Collaborate with colleagues and associates to enhance best practices, engage appropriate resources and foster strong team dynamics.

An understanding of asset classes, allocation, risk and Prudent Investor standards, as well as The Private Trust Company and LPL’s investment philosophy and process, with the ability to effectively communicate relevant basic principles to clients.

Other duties as required.

This individual will participate in the weekly or periodic Committee meetings. Specifically, for the Trust Administration and Trust Investment Committee meeting, the candidate will bring information about clients / accounts to the Committees so that the Committees as a whole can agree on administrative disbursements, account investments, periodic account reviews, and general procedures and practices

What are we looking for?

We want strong collaborators who can deliver a world-class client experience . We are looking for people who thrive in a fast-paced environment , are client-focused , team oriented , and are able to execute in a way that encourages creativity and continuous improvement .

Requirements : Bachelor’s degree

Bachelor’s degree

5+ years experience in trust administration

Preferences :

Advanced degree / certification preferred such as JD, CPA, CTFA

5+ years experience with a broker-dealer or in a traditional bank / trust company.

Strong verbal and written communication skills for effective interactions with clients and financials advisors

Detail-oriented with strong organizational skills, especially with trust administration, tax and investment requirements

Strong use of Microsoft Office and ability to adapt to trust, and tax accounting applications

Knowledge of financial planning, philanthropic planning and fiduciary law

Pay Range :

$86,000.00 - $143,300.00Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location.

Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more.

Your recruiter will be happy to discuss all that LPL has to offer!