Wealth Strategies Analyst (WSA)
Company: Disability Solutions
Location: Princeton
Posted on: April 28, 2024
Job Description:
Job 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!Job Summary - Wealth Strategies Analyst (WSA)
-
- A Wealth Strategies Analyst supports Wealth Strategies Advisors
and Specialists in developing and preparing existing and
prospective clients' financial plans, analyses, and models, which
may encompass investment, retirement, estate, gift and tax
planning, and risk management. An Analyst works in conjunction with
Wealth Strategies Advisors and Specialists to gather client data
(e.g., estate planning instruments, assets, liabilities, income,
and expenses) and produces targeted, specific analyses based on
that data.
- Job Description/Responsibilities:
- Gather financial data from a variety of sources (clients, 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.
- Requirements:
- 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, stock options, 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, CTFA, 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.Shift:1st shift (United
States of America)Hours Per Week: 40
Keywords: Disability Solutions, Hamilton , Wealth Strategies Analyst (WSA), Professions , Princeton, New Jersey
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