Executive Wealth Strategies AnalystCharlotte, North Carolina;New York, New York; Chicago, Illinois; Dallas, Texas; Los Angeles, CaliforniaJob Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Executive Wealth Strategies Analyst -Supports Wealth Strategists in developing and preparing existing and prospective clients' financial plans, analysis, and models, which may encompass investment, retirement, estate, gift, and tax planning, and risk management. Reviews, analyzes and flowcharts estate planning documents and drafts initial financial projections. Assists in the coordination of client workshops to provide financial advisory expertise to internal sales team and existing clients. Executes and delivers on special projects as needed. Assists with marketing efforts through preparation of presentations to facilitate securing current and future business and to build credibility in the local marketplace. Reviews communication materials for updates on product and service offerings, policy, and procedure changes, as well as personnel and risk management updates.An Analyst in Wealth Strategy, working in conjunction with a Wealth Strategist or Associate Wealth Strategist, gathers client data (e.g., estate planning instruments, assets, liabilities, income and expenses) and produces targeted, specific analyses based on that data.Specific Duties
Gather financial data from a variety of sources (client, their advisors, and internal partners)
Review, analyze, summarize and flowchart estate planning instruments
Prepare and analyze balance sheets, financial projections, and transfer tax illustrations
Research basic issues related to estate and financial planning including: effectiveness of estate tax savings strategies, charitable planning, retirement planning and investment issues
Participate in internal and external client meetings where appropriate
Administrative duties as needed
Areas of Competency -
Client Skills: Interact with internal and external clients to gather necessary data. Help set appropriate client expectations regarding scope and timing of deliverables.
Financial Planning Skills: Basic understanding of a wide range of subject matters including income taxation, equity compensation, elective deferred compensation plans, insurance, investments, retirement planning and cash flow modeling.
Estate Planning Skills: Basic understanding of the transfer tax system and core tax savings strategies such as annual gifts and GST trusts. Familiarity with advanced concepts such as charitable and non-charitable split interest trusts (CRTs, CLTs, GRATs, QPRTs).
Software Skills: Word, Excel, and PowerPoint. Various analytical and stochastic models.
Qualifications -
CFP® or enrollment in a CFP program strongly encouraged
JD, CPA, CFA, MST, MBA (or progress thereto) or equivalent work experience a plus
Highly organized with a strong attention to detail
Strong analytical skills
Strong written and oral communication and interpersonal skills
Skills :
Analytical Thinking
Attention to Detail
Critical Thinking
Prioritization
Research
Collaboration
Customer and Client Focus
Recording/Organizing Information
Wealth Planning
Written Communications
Adaptability
Issue Management
Oral Communications
Problem Solving
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalentShift:1st shift (United States of America)Hours Per Week:40Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf) .Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .