National Manager- Specialty Administration- Philanthropic, IRA, ILIT
The National Manager- Specialty Administration is responsible for leading Charitable Advisory and Administration Services, IRA Account Administration, and Irrevocable Life Insurance Trust business units.   These business units focus on oversight, advisory services and administration of accounts within each of these specialties: Charitable Personal Trust Accounts, including charitable remainder trusts, charitable lead trusts, private foundation trusts, donor advised funds; Individual Retirement Accounts; and Irrevocable Life Insurance Trusts. These business units provide oversight of and advisory services for specialty accounts not under their direct administration, as well as directly administer accounts.   The manager leads a team of 15+ trust colleagues, ensuring all regulatory requirements governing these accounts are met. This department serves both Comerica Advisor Solutions and the Private Wealth lines of business.   Position Responsibilities:   Subject Matter Expert Serve as subject matter expert in the administration of charitable accounts, IRAs and ILITs. Educate and share product, industry, and regulatory knowledge to internal and external partners. Remain current on fiduciary/tax/legal/changes that impact the administration of these accounts. Administration / Compliance Responsible for all fiduciary duties associated with charitable and specialty personal trust accounts. Ensure adherence to the language/requirements of the governing documents. Ensure compliance to IRS requirements, applicable laws and policies and procedures. Provide administrative support for specialty accounts across all divisions to include providing updated calculations, establishing updated required minimum distribution distributions, account coding reviews and all other requirements these specialty trust accounts require. Provide premier client service while ensuring decisions are aligned with fiduciary requirements. Assure team satisfies compliance requirements including administrative account reviews, remediating exceptions, presenting proper documentation and rationale for discretionary actions, completing required corporate compliance training and adhering to policies. Participate in and assist programs to improve efficiencies, improve client service and/or to improve business outcomes. Actively contributes to the team, collaborating and providing feedback on operational improvements. Leadership and Management Provide leadership and mentorship to team members creating opportunities for growth and development within their roles. Create an atmosphere of accountability for client service and attrition results in their books of business. Supervise direct reports in management of day-to-day activities, enhance their professional development, and improve team performance. Collaborate with internal partners to support sound fiduciary practices, exceptional administration and to resolve issues. New Business Support and participate in new business opportunities with business development officers, participating in prospect and client meetings. Attend meetings and present to internal and external referral sources to foster business development. Provide opportunities for colleagues to create or expand connections with centers of influence. Dimension and Scope Data 15 +/- staff Multi-office responsibilities Approx 1,000 Charitable Accounts, 1400 IRAs and 220 ILITs
Position Qualifications: Bachelor's Degree from an accredited University At least 5 years of experience in staff management experience At least 7 years of experience in specialty trust administration CTFA (Certified Trust and Fiduciary Advisor) preferred 5 years of experience utilizing Microsoft Office Products Comerica Great Lakes Campus
8:00am - 5:00pm Monday - Friday