Director of Family Office

WHAT YOU’LL DO

As an Executive within Busey Wealth Management’s Family Office, you will work with high-net-worth clients to provide ongoing strategy development and monitoring towards these objectives. This includes data-gathering, analysis, planning, assessment, reporting, administration, and other services as needed for Busey’s future and existing Family Office clients. With service excellence at the forefront, the Associate will also partner in providing tax minimization and cash flow strategies. This position will report to the President for Busey Wealth Management.

Additional Duties :

• Management and assistance for Busey Bank's centralized Family Office business model, which is regionally implemented.
• Development of income statements for multi-generational families and in conjunction with the Tax team, the development of income tax strategies.
• Efficiently manage and streamline various responsibilities and data pertaining to Family Office operations, encompassing areas like investment management, taxation, philanthropic endeavors, insurance, real estate, trust administration, and more.
• Assisting in the creation of personal financial statements for multiple entities.
• Assisting with and optimizing annual charitable donations.
• Building, updating and presenting cash projections.
• Monitoring and executing ongoing financial planning tasks; overseeing and managing tax records for multiple entities.
• Oversight and responsibility for implementing the Busey Family office strategic initiative.
• Overseeing and cultivating relationships with clients in the Family Office sector.
• Support for the regionalized Family Office Relationship Managers in delivering the Family Office service model including : Creating, developing, and sustaining personalized Family Balance Sheets and Cash Flow Statements that encompass various asset types and income sources, empowering informed family and investment decisions.Development of unified reporting tools for multi-generational families.Defining Family Asset AllocationsCollaborating with the Investment Team to establish suitable asset allocation strategies.Partnering with the Resources Team to decide on advanced estate planning strategies.

WHAT YOU’LL BRING

Knowledge of :

Ability to :

EDUCATION, TRAINING & STANDARDS OF PERFORMANCE

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence.

Busey is an Equal Opportunity Employer including Disability / Vets. Visit Busey.com / Careers  to learn more about Busey’s Equal Opportunity Employment.