At a Glance
- Tasks: Manage trusts and provide expert advice on tax and succession planning.
- Company: Join a friendly team at JMW’s Private Wealth department in Manchester.
- Benefits: Permanent full-time role with opportunities for career development.
- Other info: Dynamic environment with a focus on teamwork and professional growth.
- Why this job: Make a real difference in clients' lives while growing your expertise in private client work.
- Qualifications: Experience in trust administration and taxation; STEP qualification preferred but not essential.
The predicted salary is between 40000 - 50000 € per year.
JMW’s Private Wealth department are seeking a knowledgeable and dedicated Trust Manager to join their busy team in Manchester. The successful candidate will work closely with partners and members of our growing team who deal with a wide range of trust administration work together with tax and probate matters. This role will suit someone who has excellent people skills and who is looking to develop their career within a friendly team.
Key Responsibilities
- Pro-actively managing clients to ensure any tax-planning and/or succession planning issues are acted upon when appropriate.
- Overseeing and contributing towards the timely preparation of trust accounts and tax returns including inheritance tax returns and dealing with HM Revenue and Customs as required.
- Calculating trustees’ liabilities to IHT, CGT and Income Tax and making use of annual exemptions.
- Preparing for and attending trustees’ meetings and taking minutes of those meetings.
- Dealing with payments and distributions from trusts, both capital and discretionary income distributions.
- Preparing and reviewing trustees’ investment policy statements.
- Reviewing and interpreting trust deeds and related documentation with input from the wider team, as appropriate.
- Keeping partners regularly updated with progress on assignments and assisting with billing.
- Ensure all written and verbal communication is of the highest professional standard.
Skills, Knowledge and Expertise
- Considerable experience of taxation and administration of trusts, including completion of trust tax returns.
- Enthusiasm and dedication to pursuing a career in private client work, with a focus on trust and estate administration.
- Willingness to share knowledge and experience with colleagues.
- Familiarity with CCH or a similar tax reporting software (although full training can be given where necessary).
- Diploma qualified STEP or other relevant professional tax qualification is preferred. However, lack of these qualifications should not put you off from applying and practical experience will be considered.
- Excellent organisational skills and the ability to prioritise competing demands effectively.
- A high degree of attention to detail.
- Strong problem-solving skills.
- Sound judgement and a logical approach to problem solving.
- High standard of oral and written communication skills.
- Self-motivated and able to work under pressure.
- The ability to deal with client and professional advisors thereby showing a commitment to providing a quality service.
- Strong internal personal skills in dealing with clients, colleagues and senior management.
- Excellent time management, organisational and multi-tasking skills.
- Able to work on own initiative and to be highly disciplined.
Trust Manager - Private Wealth employer: JMW Solicitors
JMW is an exceptional employer that fosters a collaborative and supportive work environment in Manchester, making it an ideal place for a Trust Manager to thrive. With a strong emphasis on professional development, employees are encouraged to enhance their skills and advance their careers while working alongside experienced partners in the Private Wealth department. The company values a friendly culture, ensuring that team members feel valued and motivated as they contribute to meaningful client relationships and impactful trust administration.
StudySmarter Expert Advice🤫
We think this is how you could land Trust Manager - Private Wealth
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join relevant groups on LinkedIn, and don’t be shy about reaching out to current employees at JMW. Building relationships can open doors that a CV just can’t.
✨Ace the Interview
Prepare for your interview by researching common questions for Trust Managers and thinking about how your experience aligns with the role. Practice your answers with a friend or in front of the mirror to boost your confidence!
✨Show Your Passion
When you get the chance to chat with potential employers, let your enthusiasm for private client work shine through. Share your experiences and what excites you about trust and estate administration – it’ll make you stand out!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at JMW.
We think you need these skills to ace Trust Manager - Private Wealth
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Trust Manager role. Highlight your experience with trust administration, tax returns, and any relevant qualifications. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about private client work and how you can contribute to our team. Keep it professional but let your personality come through.
Showcase Your Communication Skills:Since this role involves a lot of communication, make sure your written application reflects your high standard of communication skills. Clear, concise, and error-free writing will impress us!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role there!
How to prepare for a job interview at JMW Solicitors
✨Know Your Trusts Inside Out
Make sure you brush up on your knowledge of trust administration and taxation. Familiarise yourself with common terms and processes, especially those mentioned in the job description. This will not only help you answer questions confidently but also show your genuine interest in the role.
✨Showcase Your People Skills
Since this role requires excellent interpersonal skills, think of examples from your past experiences where you've successfully managed client relationships or worked within a team. Be ready to discuss how you handle difficult conversations or resolve conflicts, as this will demonstrate your ability to thrive in a collaborative environment.
✨Prepare for Technical Questions
Expect questions related to tax planning, inheritance tax returns, and trust accounts. Brush up on relevant legislation and be prepared to discuss how you would approach specific scenarios. This will highlight your expertise and problem-solving abilities, which are crucial for a Trust Manager.
✨Practice Your Communication Skills
Since clear communication is key in this role, practice articulating your thoughts clearly and concisely. Consider doing mock interviews with a friend or using online resources. This will help you convey your ideas effectively during the actual interview, ensuring you leave a positive impression.
