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Senior Specialty Administration Trust Advisor The Senior Specialty Administration Trust Advisor role will provide advisory and administrator support to internal clients for a variety of trust accounts. This position will have multiple roles rotating between two teams. At least 50% of the time will be spent focused on the IRA team, this position will have administrative and internal client management responsibility for administering over 450 IRA accounts, including Traditional, Roth, SEP, Inherited, and Trusteed IRA accounts. The position works closely with grantors and beneficiaries throughout the United States, as well as center of influence professionals such as attorneys and CPAs. These accounts are of a highly technical nature, and their administration is specialized, requiring knowledge of trust, tax, and IRA/qualified plan IRS regulations. The position supports advisory and compliance for the IRA accounts throughout Comerica's footprint, and is directly involved with the Fiduciary Strategists and Wealth Advisors in support of new business for both the Private Wealth and Advisor Solutions teams. The colleague in this role will spend approximately 50% of their time working in Personal Trust Advisory and Administration focused on Discretionary requests and new business.
Position Responsibilities:
New Business and Ongoing Administration
- Review governing documentation for both non-complex and complex specialty accounts to ensure Comerica can act in accordance with the document requirements.
- Review trust documents to determine RMD payout rules- under both SECURE and pre-SECURE IRS rules
- Ensure account coding is consistent with the governing document.
- Manage the complexities associated with these special types of accounts -- ensuring IRS requirements are met, calculating, and reviewing required minimum distributions occur and ensure any other nuance with the specialty type of account under their oversight is met.
- Review governing documentation for irrevocable trusts to focus on reviewing and approving Discretionary requests and new business.
- Complete required state or federal registrations for specific account type and manage renewals as needed.
- Complete required account reviews for new accounts and existing accounts per Comerica policy.
- Adhere to all Comerica policy regarding account administration of these specialty accounts.
- Review/Process transactions using the trust accounting platform as needed for specialty accounts.
Compliance/Risk Management
- Participate in consultations with on-going business for trust advisors to assist with and resolve issues. These consultations focus on managing or mitigating risk as well as providing suggestion steps to remediate issues.
- Complete follow up to ensure remediation steps are completed.
- Maintain a full understanding of personal trust policies and procedures to include recommending changes as needed due to new regulatory or procedural requirements.
Team Responsibilities
- Participates in projects which affect the broader business and improves efficiency of delivery of services to clients.
- Actively contributes to the team, providing feedback on procedural changes and assisting in the development of less experienced team members.
Position Qualifications
- Bachelor's degree from an accredited university
- 5 years of experience in Fiduciary administration or related Trust Account Administration experience
- 5 years of experience utilizing Microsoft Office Products including Word, Excel, Power Point
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check. Your fingerprints will be used to check the criminal history records of the FBI and may be subscribed in the FBI's Record of Arrest and Prosecution Background ("RAP Back") service, which provides ongoing notification to the Company of any updates to your criminal history.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - disability/veteran.
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Comerica Bank
life insurance, parental leave, paid time off, sick time, 401(k)
Jun 19, 2025