Head of Trust Services For Leading Law firm based in Spalding

up to 50k

Our client a leading award-winning Legal Law firm with offices located in Spalding are looking for experienced Head of Trust Services to add to their successful team. This key role will be pivotal in delivering the teams strategic aims over the course of the next few years in securing trustee compliance and profitable growth for the firm.

Throughout the company's history they 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 business owning 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, they have sought to develop the range of services that we offer 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 internally focused in managing exposure to risk for the practice and outwardly focused in delivering a professional and streamlined service to a range of trustees in-line with the company's brand.

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 enthusiasm for the opportunities presenting to this role together, we have a chance to put the company on the map as excelling in the provision of niche trustee services.

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 individual trusts from our existing records and, with the assistance of a junior team, populating a composite database of all t Trust matters under management.
• Promoting our trustee services to the trustees of all trusts so identified.
• Overseeing the streamlined retirement of former partners at the company 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 management their 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 the trust administration to include.

• Coordinating the annual management of each trust to include.
  • Preparation of annual report to trustees.
  • Maintenance of the company's internal compliance requirements
  • Coordination of trustee meetings/agendas and minutes.
  • Liaising with 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 maintenance of links with those practices.
• Cash flow management.
• Liaison with intermediaries; stockbrokers, insurance brokers and land agents.
• Provision of tax advice to trustees and settlers and scheduling distributions to beneficiaries or the commissioning of such 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 opportunities from internal cross-referrals, existing clients and other professionals
• Meeting agreed targets for chargeable time, fee income generated, billing and fee collection.