Settlement Officer II; II), Estate Settlement, Private Bank

Settlement Officer II (SO II), Estate Settlement, Private Bank

Richmond, Virginia

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** To proceed with your application, you must be at least 18 years of age.*
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** Bank of America employees are required to meet all*
* ** posting eligibility requirements*
* ** prior to applying for any new position.*
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* Job Description:

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** Settlement Officer II (SO II), Estate Settlement, Private Bank, Richmond, VA**  **-*
* Accountable for managing and settling estates and/or terminating trusts requiring a degree of technical expertise and knowledge in estate and trust administration. Coordinates with and assigns tasks to Settlement Administrators, monitors progress and approves completed work. Assists manager and senior officers in coaching, developing, and mentoring associates within Settlement team. Responsible for coordinating information and activities with external business partners and internal business and support partners to ensure accurate, timely and efficient administration of assigned cases, and to manage business risk.

Maintains high quality, professional communications with beneficiaries and co-fiduciaries, with focus on client satisfaction and asset retention.

** Job Description**  **:*
* + The Settlement Officer is accountable for facilitating, managing, and settling estate and trust terminations that require expertise and knowledge of fiduciary rules and regulations in a fast-paced, high-volume environment.

+ The Settlement Officer assigns tasks to Specialized Fiduciary Administrators, monitors progress and approves completed work. Responsible for coaching, developing, and mentoring administrators and junior level officers within the Estate Settlement team.

+ Works closely while simultaneously building and maintaining relationships with internal business partners including but not limited to:  Client Team, Financial Advisors, Office of the Chief Fiduciary, Administrative Resource Team (ART), Audit, Compliance, Fiduciary Tax Services, Specialty Asset Management (SAM), Trust Operations, Fiduciary Tax Services (Tax), Portfolio Managers, etc., as well as external parties (Attorneys, CPAs, and Fiduciary Accountants).

+ Monitors the settlement process and task completion to ensure accurate, timely and efficient administration, and to proactively manage business risk.

+ Maintains high quality communications with beneficiaries and internal partners, with a primary…