Philanthropic Officer (PO)

Company: Disability Solutions
Location: East Hartford
Posted on: April 20, 2024

Job Description:

Job Description:Philanthropic Officer (PO) -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 Description: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.Requirements -
  • BA/BS degree desired, not a requirement
  • 2-5 years of institutional philanthropic, non-profit administration, fiduciary banking, or financial services experience
  • Passion for the non-profit sector and charitable engagement
  • Superb and effective communication skills
  • Excellent ability to work in fast paced and collaborative team environment as well as independently problem solve and make decisions that impact clients and partners
  • Strong analytical skills with high attention to detail and accuracy
  • Excellent organizational, prioritization and time management skills
  • Ability to take initiative and proactively follow up and follow through skills
  • Ability to operate with a high level of autonomy
  • Develop 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 administration
  • Microsoft Office Suite knowledge requiredDesired Skills -
    • Experience working with MicroEdge Gifts and PACE systems
    • Relationship management experience working directly with non-profit organizations, boards and/or UHNW clients
    • Established knowledge of all types of charitable entities, trust, fiduciary law, and federal regulations
    • Charitable Trust Administration experienceShift:1st shift (United States of America)Hours Per Week: 40

Keywords: Disability Solutions, East Hartford , Philanthropic Officer (PO), Accounting, Auditing , East Hartford, Connecticut