Position Overview
At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company’s success. As an Estate Settlement Advisor, you will work within the PNC Private Bank organization. You will be based in either the Baltimore or DC office. The position is primarily based in a PNC location. Responsibilities require time in the office or in the field on a regular basis. Some responsibilities may be performed remotely, at the manager’s discretion.
Estate and Trust administrations are faced with intricate and complicated tax and legal matters. When PNC Bank, NA is a named corporate fiduciary or agent, our experienced estate settlement officers offer a skillset to professionally administer estates and trusts, while collaborating with internal and external partners to ensure success and “ease of mind” to all parties involved.
Responsibilities:
• Provides estate administration and related relationship management services
to an assigned book of business and serve as a specialized fiduciary expert for
estates in those relationships.
• Engages in fiduciary decision-making by executing the terms of governing
documents, in which PNC serves as executor or trustee. Responsible for
identification, marshalling, and safeguarding of assets. Coordinates appraisals,
creditor reconciliations, distribution
of assets pursuant to governing documents.
• Administers complex estate administrations, including addressing special
assets, liquidity, and concentrated holdings; assisting in resolution of
family/beneficiary conflicts; preserving and conserving estate assets overall;
obtaining accurate valuations and meeting all administrative and legal
deadlines.
• Ensures and coordinates the preparation of appropriate tax returns and court
or other state-required filings for the estate and the decedent. Understanding
of income and estate tax (Forms 706, 706, 1040, 1041, 2848).
• Supports the estate settlement business both internally and with Centers of
Influence. Serves as a point of technical expertise and problem-solving
escalation for the Estate Settlement Advisor team. Works with external entities
to understand, contribute to and implement fiduciary/tax planning strategies
and assess financial planning impacts for the beneficiaries. Engages in
business-retention and sales opportunities and supports estate settlement
advisors in similar activities.
• Serves as a subject matter resource for the estate settlement team, fiduciary
and market leadership. Serves as a point of technical expertise and problem-
solving escalation for the Estate Settlement Advisor team. May serve as a
point of escalation for problem resolution and stand as a proxy for fiduciary
leadership.
Pay Transparency
Base Salary: $60,500.00 - $142,350
Salaries may vary based on geographic location, market data and on individual skills, experience, and education.
This role is incentive eligible with the payment based upon company, business and/or individual performance.
Application Window
Generally, this opening is expected to be posted for two business days from July, 18, 2024, although it may be longer with business discretion.
Job Description
• Engages in fiduciary decision-making by executing the terms of any will or document in which PNC serves as executor or trustee, including estate settlement trusts and other estate-related trusts. Provides estate administration and related relationship management services for more complex estates. Serves as a specialized fiduciary expert for estates in those relationships. Promotes estate settlement business.
• Engages in complex estate administration, including addressing special assets, liquidity and concentrated holdings; assisting in resolution of family/beneficiary conflicts; preserving and conserving estate assets overall; obtaining accurate valuations; and meeting all administrative and legal deadlines. Promotes the estate settlement business both internally and with Centers of Influence. Educates the branch network and others to identify estate settlement opportunities.
• Works with external entities to understand, contribute to and implement fiduciary/tax planning strategies and assess financial planning impacts for the beneficiaries. Engages in business-retention and sales opportunities.
• Ensures and coordinates the preparation of appropriate tax returns and court or other state required filings for the estate and the decedent.
• Administers estate settlement trusts and other estate-related trusts.
PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:
• Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all
Location: Baltimore, MD
Posted: Sept. 18, 2024, 10:05 a.m.
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