Ascendo Resources | Director
5 days ago
We are seeking a Director - Trust Administration for our Family office client.
This role will be responsible for the day to day administration of a number of off-shore trusts.
This is a varied position, that will require a high level of communication both written and verbal to be successful, the ideal candidate may come from a legal background.
Your role:
- Manage communications and reporting to beneficiaries as well as assist beneficiaries with regulatory compliance related to distributions.
- Oversee trusts' investment activities and compliance.
- Administer the trusts investments in accordance with the documents, review redemptions or sales to pay trust expenses and distributions.
- Support economic interest allocation policies and appointment processes for beneficiaries.
- Implement economic interest allocations and distribution policies.
- Prepare documentation for distributions to beneficiaries, including charitable allocations and distribution annual report
- Coordinate quarterly financial statements, prepare net asset valuation management
- Oversee annual audits and financial reporting.
- Review the preparation of quarterly cash flow forecasts of each trust
- Ensure compliance with tax laws and regulations (FATCA, CRS, AML, KYC).
- Prepare compliance and risk management reports.
- Manage records and information policies.
- Oversee service providers and statutory compliance.
Qualifications:
- Bachelor's degree in a related field (business, accounting, finance, or legal).
- MBA or LLM preferred; relevant certifications (TEP, CTFA, CFA) are a plus.
- 10+ years of experience in offshore trust management and fiduciary services and ideally some experience in finance, accounting, and compliance.
- Strong analytical abilities and attention to detail.
- Excellent communication and organizational skills.
- Ability to manage multiple priorities in a fast-paced environment.
- Proficient in analyzing data and developing solutions.
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