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Agricultural Property Senior Associate
3 months ago
JOB DESCRIPTON JOB TITLE:
Head of Trustee Services (H.T.S)
DEPARTMENT:
Private Client
RESPONSIBLE TO:
Private Client Lead Partner This key role will be pivotal in delivering the teams strategic aims over the course of the next few years in securing trusteecompliance and profitable growth for the firm.
The firm have developed a large portfolio of trusts, many holding extensive land, development and business interests, often created in line with the firm's strategic tax planning advice to our land and businessowning families.
Some are the natural bi-product of a thriving Probate Services team, others have evolved from Personal Injury and other asset protection motivators.
As trust law and practice evolves, we have sought to develop the range of services that weoffer to trustees to ensure that they appreciate their responsibilities, maintain compliant records, and as far as possible, protect themselves from liability.
The role will therefore encompass a range of responsibilities in delivering services both internallyfocussed in managing exposure to risk for the practice and outwardly focussed in delivering a professional and streamlined service to a range of trustees in-line with the firms brand.
The firm offer a professional trustee service in terms of both partnersand our Trust Corporation acting as trustee in a range of circumstances.
The role will encompass the following elements in which experience, whilst not essential would be of benefit. When combined with a commercial, supremely organised approach and an enthusiasmfor the opportunities presenting to this role together, Overseeing Creation and maintenance of Trust database- The development of an interactive database of trust matters and the associated collateral to deliver a streamlined service.
- Detecting individualtrusts from our existing records and, with the assistance of a junior team
- Promoting our trustee services to the trustees of all trusts so identified.
- Overseeing the streamlined retirementof former partners and the transition to RTL/new trustees.
- Providing regular reports on progress to Private Client Lead Partner. The provision of annual trust administration services. The trust year runs in line with the tax year. For each trust under managementour aim is to provide an annual trust administration service at different levels (Gold/Silver/Bronze) dependant on how much or little we are asked to do. As part of this annual service the H.T.S will be expected to engage in the cyclical completion of thetrust administration to include;
- Coordinating the annual management of each trust to include;
- Preparation of annual report to trustees.
- Maintenance of internal compliance requirements
- Coordination of trustee meetings/agendas and minutes.
- Liaisingwith trustees and beneficiaries throughout or/coordinating such matters via matter manager.
- Preparation of annual trust accounts.
- The preparation of annual trust tax returns/collating details for provision to our partner accountancy practices and maintenanceof links with those practices.
- Cash flow management.
- Liaison with intermediaries; stockbrokers, insurance brokers and land agents.
- Provision of tax advice to trustees and settlors and scheduling distributions to beneficiaries or the commissioning ofsuch advice/provision of instructions to procure such advice.
- Management, guidance and education of junior team members.
- Impeccable file management
- Effective, efficient and timely management of all matter.
- Proactively developing new business opportunitiesfrom internal crossreferrals, existing clients and other professionals
- Meeting agreed targets for chargeable time, fee income generated, billing and fee collection. If you have the neccesary Experience and skills to fit this role please submit your CV tobe consider for the post.
