CTC is a carefully selected team of trust professionals whose skill and expertise combine to provide clients with high-quality, efficient and responsive trust services. Our atmosphere is collegial and welcoming. Come join our team. We currently have the following open positions:
If integrity is the backbone of your daily life, you’re the type of professional we’re seeking to join our Legal Department as Trust Counsel. Working with the Vice President – Legal Affairs, this position acts as in-house counsel responsible for reviewing trust and other documents prepared by the client’s counsel, drafting documents (releases, etc.), advising staff on legal matters and supervising the Trust Administrators in the administration of accounts.
Serving some of the wealthiest clients in the world, Commonwealth Trust Company is an independent family-owned boutique trust company with more than 80 years in the business of providing trustee solutions. What sets us apart from all other trust companies is our specific focus on trust administration and not investment decisions, allowing for a singular, dedicated focus for our clients, many of whom run Fortune 500 enterprises. We are a local, privately owned non-depository trust company.
Duties & Responsibilities
It is the responsibility of the Legal Department, including the Trust Counsel, to assure that the company’s fiduciary responsibilities are properly discharged, that clients are served expeditiously and professionally, and that the company’s business is conducted in such a way as to accomplish our client’s goals without creating undue risk to the company. It is necessary to combine exemplary client service with diligent risk management.
Duties and responsibilities also include the following:
• Work closely with clients’ attorneys and other advisors in the drafting of trusts and other legal documents, working collaboratively to ensure that trust accounts accepted by CTC are governed by documents that adhere to CTC’s standards
• Review other documents, including partnership agreements and LLC operating agreements, with a view towards whether they are acceptable to CTC
• Draft release agreements and other documents relating to the opening, administration and closing of trust accounts
• Prepare Trust Summaries
• Review Distribution Memos and Funds Transfer Forms, and work with Trust Administrators to ensure that CTC has received and analyzed all information and documentation necessary for CTC to make an informed decision regarding making transfers of assets from trust accounts
• Review all documents that are for the signature of CTC’s Authorized Signers
• Assist in the representation of CTC with regard to any pending litigation
• Adhere to all of CTC’s policies and procedures and ensure that support personnel also do so
• Such other duties as may be assigned by the Vice President of Legal Affairs
Education & Qualifications
• Minimum JD or LLB from an accredited law school; LLM or MBA a plus.
• Current admission to Bar of any state.
• Minimum of three years’ experience in the Trust & Estates group (or related area of practice) of a law firm or with a trust company or bank trust department.
• Should have familiarity with sophisticated estate planning techniques and transactional skills.
• Must be detail-oriented and have excellent communication skills.
• Computer skills: Ability to use Microsoft Office. Past experience with trust accounting software (e.g., AccuTrust, SEI or SunGard) a plus.
We offer a competitive salary and benefits. To apply, please email your resume to: firstname.lastname@example.org
Equal Opportunity Employer