Trust Advisor IV - Estate Settlement

Trust Advisor IV (Estate Settlement Specialist)
Comerica's estate settlement unit is team of knowledgeable and experienced professionals, whose goal is to oversee estate settlement matters for our clients who have named Comerica as fiduciary within their last will or trust. Our team strives to make the estate settlement process as seamless as possible for all concerned. As a Trust Advisor IV - Estate Settlement Specialist, you will be responsible for reviewing new estate settlement business opportunities and providing analysis and interpretation of complex estate planning documents in light of revenue, risk, compliance and regulatory factors. This role partners with Comerica's Business Development Officers, internal and external centers of influence, and our team of Trust and Estate Settlement Advisors to source, verify and maintain documentation critical to the administration of the estate or trust assets.

This role is also responsible for launching new estate account openings on our trust platform and monitoring progression through the opening process, maintaining records of new business or declined business opportunities and occasional administration of a small book of business for accounts that require minimal administrative duties or tasks.

Position Responsibilities:

• Review documentation and ensure adequate and properly executed documents are received to open and fund accounts at Comerica.
• Review legal documents such as deeds to real estate, titles to automobiles, titling of accounts, beneficiary designations, contractual agreements, buy-sell agreements, etc. and calculate appropriate value for tax reporting and distribution purposes.
• Identify and/or confirm account powerholders, defined as entities who can fund and account or direct the distributions or investments of an account.
• Investigate and evaluate tax returns and documents provided by family members, attorneys, certified public accountants (CPAs) and other sources to determine all assets reportable for a decedent's estate.
• Update the trust account opening platform with all necessary information and oversight of review and approval process.
• Interact with various internal service departments and act as a liaison with outside professionals to identify and collect relevant trust documents, beneficiary information and asset makeup.
• Stays current on fiduciary/tax/legal changes that effect the administration of a client's estate plan or administration of accounts.

• Personally take responsibility to manage risk and legal issues and move issues toward final resolution.

Additional Responsibilities

• Communicates with internal clients (including Trust Specialists, Trust Advisors, Trust Client Assistants, Investment Strategists, Tax Officers, Wealth Management Risk, and upper management) regarding estate settlement account opening issues/questions.

• Bachelor's Degree from an accredited university
• 8 years of experience serving as an account administrator in a specific area of expertise to include trust administration, investments or insurance in a client service capacity
• 6 years of business development experience in trust administration, investments or insurance

About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.

Upon offer, Comerica conducts a comprehensive background and fingerprint check. Your fingerprints will be used to check the criminal history records of the FBI and may be subscribed in the FBI's Record of Arrest and Prosecution Background ("RAP Back") service, which provides ongoing notification to the Company of any updates to your criminal history.

NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.

Comerica is proud to be an Equal Opportunity Employer - disability/veteran.