Associate/senior Associate, Trustee Services - Singapore - TMF Group

TMF Group

Verified Company

Singapore

2 weeks ago

Posted by:

Wei Jie

beBee Recruiter

Description

Job no: 564658

Work type:
Full time

Location:
Singapore, Singapore

Categories:
Private Equity and Real Estate

Office Location:
Singapore

About TMF Group
TMF Group is a leading global provider of high-value business services to clients operating and investing globally.

We focus on providing specialized and business-critical financial and administrative services that enable our clients to operate their corporate structures, finance vehicles and investment funds in different geographical locations.

Our core services can help companies of all sizes with HR and payroll, accounting and tax, corporate secretarial, international corporate structuring, fund administration and structured finance - whether a company wants to globalize, or whether they need support to streamline existing operations.

With operations in more than 80 countries, TMF Group is the global expert that understands local needs

Global reach, local knowledge:
helping to do business seamlessly across borders.

Job Purpose
Service the daily requirements of the Senior Trust Administrators and liaise with Shared Service Center (SSC) team in Labuan.

Ke
y Responsibilities

Ensure prompt delivery of services to clients
Review the trusts and trust related documents during periodic review and as and when required for ongoing administration process.
Perform due diligence on settlor, beneficiaries and related parties to the trust.
Incorporate underlying companies under the trust and open bank and investment accounts for the trust structure.
Liaise with clients, bankers, advisors, protectors and so on for periodic trust reviews and daily ongoing administration matters.
Relationship Management
Under supervision of senior officer, manage client relationships
Liaise with the TMF Relationship Managers (RMs) and internal office liaisons (if any) in different jurisdictions relating to trust administration issues.
Work with the other TMF offices ensure that smooth and seamless process of delivery of services to clients. Maintain an excellent working relationship with colleagues in other offices and resolve any issues in a timely manner, any issues that require assistance should be referred to line manager promptly.
Outstanding KYC
Ensure the KYC documents of clients are uptodate and complete.
Work closely with the Compliance Officer to ensure complete and uptodate KYC of clients.
Administration
Carry out administration work of the Trusts' underlying companies. This includes ensuring that all resolutions and minutes are properly prepared and executed and that all records are kept uptodate
Liaise with the Labuan CAD team on timely completion of trust financial statements
Attend to administrative matters in relation to the trusts' portfolios and respond within two working days to clients.
Proactively monitor and review trust structures to ensure they continue to meet the needs of clients, under supervision of a senior officer (if required).
Monitor information maintained on in house databases including DMS and Viewpoint to ensure accurate and complete record
Fees
Collection of fees from clients on invoices issued.
Ensure client bank account has sufficient funds for payment of fees
Ensure that client work undertaken (when chargeable) is communicated and agreed in advance with the client.

Key Requirements

Degree holder in Finance / Accounting / Business / Law or a related discipline.
Certificate in Trust Services is an added advantage.
Interest in administrative responsibilities
Preferably with 1 year of relevant experience.

What's in it for you?

Flexible working arrangements.
Work with colleagues and clients around the world on interesting and challenging work.
We provide internal career opportunities so you can take your career further within TMF.

Want to know more about a career at TMF group? Watch this video:

Advertised: 13 Jun 2023 Singapore Standard Time

Applications close: 31 Dec 2023 Singapore Standard Time