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Trust managers overlook the taxation, accounting, and other legal matters of a trust foundation. They can be assigned a portfolio of clients to manage and play their part in increasing the gross income by building rapport with them. They also do the planning and advisory work along with reviewing the tax returns and trust/charity accounts.
Most employers ask for a finance or accounting degree for trust manager jobs. If you have any ACA or CTA qualifications and experience in dealing with trust accounts, your application is likely to stand out. You ought to have a focused career background in the field, a passion for progressing in this line of work, and excellent communication skills.
The average per annum salary for trust manager jobs in UK varies depending on the factors like the employer, experience, and job responsibilities. Experienced individuals earn more. Overall, the trust managers are offered competitive salary packages with benefits like a pension scheme, development opportunities for professional growth, employee assistance programmes, and more.
Trust managers are entrusted with many responsibilities ranging from handling the accounts and taxation matters of a foundation to doing prospect researching and getting the payments processed to beneficiaries. If you have an interest in finance and business development, you will find the job gratifying, if not the work will be difficult for you.
A trust manager runs the day-to-day financial and other operations of a trust. The manager deals with the bank accounts, payment processing to the designated beneficiaries, and handles the taxation matters. Want to explore trust manager jobs around you in the UK? Search for the latest advertised posts on Simply Law Jobs!
Trust managers manage the accounts of trust and the estate and ensure that all the taxation matters are handled in an efficient and professional manner. They can be given a portfolio of clients to manage and strengthen relationships with them. They have to check the tax returns for the trusts, estates, and charities and do the tax planning and advisory for the complex returns. They are required to contribute their share in the growth of the department by taking part in the events, doing networking, and providing business development ideas. Doing prospect researching and devising strategies to reach out to them are also in the trust manager job description.
The day-to-day responsibilities of trust managers include working with the directors and other team members to ensure the bids contain up-to-date and correct information and aren’t too high or low. They have to make certain that the gifts made are acknowledged immediately. They are required to monitor and report on the fund-raising activities. They need to work on doing the research on grantmakers and giving ideas on how to make the bids more appealing to them. They review the accounts, tax returns, and disbursement of funds. They work towards bringing in more income to the organisation by looking out for opportunities.
A thorough understanding of the funder research techniques and experience of forecasting income and doing the taxation work is a must-have for the job. Strong interpersonal skills are required for the role. The ability to organise will prove helpful in juggling the different tasks and completing them on time. The capability to think creatively and a positive attitude are essential for the position. A hard worker will better fit in the role as the job can be challenging at times and requires resilience and persistence. Try Simply Law Jobs for easy filtering and applying to your desired job trust manager vacancies in the UK’s law industry!