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Philanthropic Administrator
Philanthropic Administrator-April 2024
Dallas
Apr 21, 2025
ABOUT MERRILL
Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals and businesses. We focus on helping all clients pursue the
10,000+ employees
Financial Services
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About Philanthropic Administrator

  Job Description:

  Overview:

  The Philanthropic Solutions group at Bank of America's Private Bank delivers expertise and a comprehensive suite of investment and management services to help individuals and institutions build and sustain their charitable missions. Serving in a trustee or agency capacity for private foundations, endowments, split-interest trusts and donor-advised funds, the Philanthropic Solutions team provides strategic advice and planning to help clients fulfill their mission more effectively, asset management services and solutions to help align and achieve financial and charitable objectives, and administration and record-keeping services to simplify donors' administrative burden.

  Responsibilities:

  Responsible for performing service and fulfillment activities to meet Philanthropic Solutions client needs and expectations. Philanthropic product set expert who acts as an additional point of contact for clients and/or as a backup for client-facing relationship managers. Performs administrative duties for a breadth of philanthropic giving vehicles. Provides high level administrative support to client facing relationship managers including day to day transaction processing. These duties include but are not limited to daily money movement activities, account set up and ongoing administrative reviews, system updates, grantmaking administration, and other compliance and regulatory matters as assigned. Proactively communicates via phone and e-mail directly with clients, Private Bank partners and various lines of business, as well as external resources - accountants or attorneys, who are related to the client relationships as part of day-to-day management. Reviews and analyzes trust/financial information, reacts accordingly and prioritizes as appropriate. Provides recommendations to leadership of products and service requests that may enhance client satisfaction and experience. Also responsible for identifying new business and deepening opportunities from existing book of business.

  Key Skill Requirements:

  BA/BS Degree Desired2-5 years of institutional philanthropic, non-profit administration, fiduciary banking or financial services experiencePassion for the non-profit sector and charitable engagementSuperb and effective communication skillsExcellent ability to work in fast paced and collaborative team environment as well as independently problem solve and make decisions that impact clients and partnersStrong analytical skills with high attention to detail and accuracyExcellent organizational, prioritization and time management skillsAbility to take initiative and proactively follow up and follow through skillsAbility to operate with a high level of autonomyDevelop strong interpersonal alliance and fosters partnerships among team members and business partners and supports enterprise view to support GWIM objectives.Significant knowledge of the legal, tax, investment and compliance aspects of fiduciary administrationMicrosoft Office Suite knowledge required

  Desired Skills:

  Experience working with MicroEdge Gifts and PACE systemsRelationship management experience working directly with non-profit organizations, boards and/or UHNW clientsEstablished knowledge of all types of charitable entities, trust, fiduciary law, and federal regulationsCharitable Trust Administration experience

  Shift:

  1st shift (United States of America)

  Hours Per Week:

  40

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