Private Client Services Job Description
Private client services
provides tax compliance and advisory services to wealthy individuals and family groups including preparation of income tax returns for individuals, trusts, foundations and preparation of gift and estate tax returns.
Private Client Services Duties & Responsibilities
To write an effective private client services job description, begin by listing detailed duties, responsibilities and expectations. We have included private client services job description templates that you can modify and use.
Sample responsibilities for this position include:
Enter transactions in QuickBooks accounting software for Family Office Services clients
Coordinate proactive service activities Calls, emails, mailing
Tax compliance and research/planning for a closely held client group
Preparing complex individual and High Net Worth tax returns partnership and pass through corporate
Developing estate and trust tax skills
Acting as a technical resource on all tax issues
Responding to inquiries from other offices, both nationally and internationally
Developing and maintaining client relationships in the PCS client niche
Providing tax technical support (review and manage) on complex issues related to individual income tax returns
Assisting in the creation and development of estate and business succession plans for clients
Private Client Services Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Private Client Services
List any licenses or certifications required by the position: CPA, JD, CFP
Education for Private Client Services
Typically a job would require a certain level of education.
Employers hiring for the private client services job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Accounting, Finance, Economics, Taxation, Law, Graduate, Business, MBA, Financial Planning, Management
Skills for Private Client Services
Desired skills for private client services include:
Finance and tax principles
Fundamental accounting
State & Local income /Franchise tax for multi-state filers
BNA Tax Planner
Microsoft Office
ProSystem FX
Quickbooks
Complex tax issues
Word
Outlook
Desired experience for private client services includes:
Sharing responsibility for engagement planning, organization, and delegation to maximize efficiency & effectiveness, achieve quality goals, maintain productivity, and maximize utilization and realization
Participating in marketing and branding initiatives to increase revenues from the PCS area
Able to work with minimal supervision – works well individually and in teams
Language Requirements - English and Chinese are essential, to be capable to deal with clients independently and able to understand client inquiries and problems
Obtains appropriate approvals for FA(s) to use communications with the public, seminars, advertising, and ensures the final copy and appropriate approvals are filed in the branch files
Organizes and assists with branch functions, client events, and seminars for FA(s)
Private Client Services Examples
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Private Client Services Job Description
Job Description Example
Our company is growing rapidly and is looking for a private client services. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for private client services
- If working in the funds space, advising fund managers on tax matters including carried interest and co-investment structuring, management incentivisation and deferral, and structuring of management entities
- This will also often involve advice on the interaction of carried interest and the remittance basis rules (particularly given recent changes)
- Work with the tax team to prepare and review tax returns
- Recognize and informs senior management of opportunities to increase level and types of services to clients
- Ensure professional development through ongoing education and obtaining additional certifications as appropriate
- Handle routine client tax questions, and works with clients to collect necessary information for tax return completion and compliance
- Stay informed about Firm capabilities other than tax compliance area, and promotes these activities to clients when appropriate
- Consults with clients to identify their goals, objectives, and appetite for risk
- Work in a team environment to identify and develop specific clients and prospects that are compatible with Northern target profiles
- Keep abreast of latest legislative and judicial tax developments, the Firm's standards and policies
Qualifications for private client services
- Language Requirements - In addition to English and Cantonese must possess fluent written and spoken Mandarin including knowledge of both simplified and traditional Chinese characters to be capable to deal with clients independently and able to understand client inquiries and problems
- Good working knowledge of all Private Banking investments products and the relevant operational aspects of Private Banking cash products such as money transfers, loans, time deposits, funds
- 2+ years of current or recent CPA firm Tax experience with High Net Worth individual and entity tax experience
- 5+ years of relevant Tax experience at a Public Accounting firm
- Previous experience with Tax (Compliance
- You will be expected to work as part of a larger administrative group in the Montbrillant Business Centre
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Private Client Services Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of private client services. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for private client services
- Responsible for the full accounting processes, timely posting of all financial transactions to G/L, maintain the general ledger, generate & post all journal entries, coordinate monthly close, and prepare financial reports
- Oversee the Accounting functions including
- Prepare monthly/quarterly financial statements with related work papers
- Reconcile amounts charged to the intercompany account and provide supporting documents
- Support the PCS team by providing superior customer service to our high net worth clients
- Process client requests
- Accept and process mortgage applications
- Coordinate/follow-up with TMS team
- Supporting a Senior Account Executive within the team to manage a diverse portfolio of personal lines accounts, including home, motor and travel
- Ensuring that the highest level of service standards are displayed at all times, particularly in the placement, claims management and renewal of client policies
Qualifications for private client services
- 2 years investment industry experience required
- Experience with High Net Worth Individuals, Families and Business Owners is preferred
- Proficient in corporate, individual or partnership taxation
- Experience with providing tax services to High Net Worth, Families and Business Owners preferred
- Series 7, 9, 10, 63 and life and health licenses
- Bachelor's and/or advanced degree in Accounting
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Private Client Services Job Description
Job Description Example
Our company is growing rapidly and is looking for a private client services. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for private client services
- Developing and maintaining meaningful working relationships with clients, insurers, and local/international colleagues through regular contact and liaison
- Maintaining an awareness of all large and potentially complicated claims related matters and assisting claims personnel in the negotiation of equitable claim settlements on behalf of clients
- Actively developing additional business from existing portfolios
- Ensure clients receive unmatched client service and communicate any areas for improvement of client relationship to team leadership when needed
- Maintain up-to-date client records in system
- Develop client service plans in coordination with both the client and internal team
- Schedule and coordinate meetings with the clients
- Develop agenda for client meetings by interacting both with clients and internal team members to determine items of discussion for the agenda
- Attend client meetings to document action items and next steps for client account management
- Monitor clients’ next steps and action items
Qualifications for private client services
- CPA eligibility preferred
- Years prior experience in accounting, finance, or legal required
- Drive and ambition to succeed and exceed our clients’ expectations and a pro-active approach to personal development
- Strong verbal and written communication in English and French (Required)
- Possess technical knowledge sufficient to perform the essential duties and responsibilities of the position
- Bachelor's or Master's in Accounting/Taxation
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Private Client Services Job Description
Job Description Example
Our company is looking to fill the role of private client services. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for private client services
- Identify opportunities and develop / execute plans to improve client progress if progress falls below benchmark
- Communicate any potential client expansion and business development opportunities to the Relationship Partner
- Managing a book of business where you will be responsible for providing clients with accurate and timely information by effectively using automation and rating packages and preparing proposals
- Additional responsibilities will include cross sell initiatives into your managed book of business on an individual basis
- Partner closely with the head of marketing and the sales leadership team to develop marketing strategies that help to effectively service existing clients and grow the private client business
- Support, coach, and help to lead a high performing and diverse team of marketing associates
- Assist in the development of an integrated sales and marketing plan in close collaboration with distribution leadership
- Collaborate with and manage writers, designers, and outside/internal resources to develop content and campaigns that are timely and relevant for our target audiences
- Analyze the span of marketing activities and measure the overall impact of the plan to determine effectiveness and recommend changes for the future
- Research, evaluate, and propose new marketing tactics and tools
Qualifications for private client services
- French/English bilingualism will be considered a strong asset
- Retail banking experience is a requirement
- Prior Private Client Service/Family Office experience strongly encouraged
- Candidate needs to have the highest level of integrity and respect the confidential nature of the information that they are privy to in the Family Office
- Experience with multiple entities / intercompany transactions
- Must have a proven record of communicating, both verbally and in writing, in a professional manner
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Private Client Services Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of private client services. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for private client services
- Create and cultivate a client experience that exceeds the client's expectations while establishing the benchmark for service within the online brokerage industry
- Supervise associates and teach technical concepts to various levels of staff
- Clearly communicate work plan and objectives and manage project assignments
- Deliver a high-quality project on time and on budget
- Ability to delegate work and effectively manage a team of people
- Accounting services, including in-house bookkeeping bank reconciliations
- Reconciliation of year end brokerage statements to tax reporting statements (Form 1099) and trial balance
- Preparing basic income tax returns
- Ability to communicate directly with clients including working at client site
- Continually develop a working knowledge of Global Investment Control Private Client Services functions and interconnections with other team’s policies, procedures, and systems
Qualifications for private client services
- The Level III Portfolio Revenue target is $1 million
- Works independently and autonomously and makes decisions on more advanced and complex issues
- Administers most complex and larger accounts
- Develops and maintains relationship with clients to discuss financial goals and objectives, explain terms and specifications of governing document and advises clients regarding additional banking needs, general estate planning questions and tax issues
- Ensures relevant client financial information is gathered, consults with clients about goals and objectives, compiles and analyzes data, coordinates with other internal personnel, prepares recommendations
- Meets with clients regularly to review proposals, obtains feedback and makes any necessary changes and assists with plan implementation as appropriate, providing assistance with portfolio management, estate planning, charitable planning and tax matters