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Unit Trust Jobs (NOW HIRING)

City National Bank

Trust Advisor

Manhattan, NY · On-site

Gather data for account reconciliation's, ensuring distribution requirements are met for charitable trusts, compute distribution amounts for unit-trust accounts and review fee agreements between the ...

SEI Investments

Personal Trust Officer

Oaks, PA · Hybrid

SEI Private Trust Company, a wholly owned subsidiary of SEI Investments and provider of outsourcing ... Be able to perform all jobs in the business unit * Assume responsibilities or related projects

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How much do unit trust jobs pay per hour?

As of Aug 15, 2026, the average hourly pay for unit trust in the United States is $19.79, according to ZipRecruiter salary data. Most workers in this role earn between $14.90 and $21.15 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a unit trust fund manager, and why are they important?

To thrive as a Unit Trust Fund Manager, you need a solid understanding of finance, investment strategies, portfolio management, and usually a degree in finance or economics, sometimes supported by CFA or equivalent certifications. Familiarity with financial analysis software, Bloomberg terminals, and portfolio management systems is typically required. Strong analytical thinking, effective communication, and decision-making skills set successful fund managers apart. These skills and qualifications are vital for making informed investment decisions, managing risk, and maximizing returns for clients.

What are unit trusts?

Unit Trusts are a type of collective investment scheme where investors' money is pooled together and managed by professional fund managers. The pooled funds are then used to invest in a diversified portfolio of assets, such as stocks, bonds, or properties. Each investor owns 'units' in the trust, which represent a share of the fund's overall assets. Unit Trusts offer diversification, professional management, and access to a broader range of investments than most individuals could achieve on their own. They are commonly used for medium to long-term investment goals.

What is the difference between Unit Trust vs Financial Advisor?

AspectUnit TrustFinancial Advisor
RoleInvestment vehicle pooling funds from investors to buy securitiesProfessional providing financial planning and investment advice
CredentialsFund management license, investment expertiseFinancial planning certifications, licenses
Work EnvironmentFund management companies, investment firmsFinancial advisory firms, banks, independent practice
Industry UsageInvestment products offered by financial institutionsAdvising clients on investments including unit trusts

While a Unit Trust is an investment product managed by fund managers, a Financial Advisor is a professional who recommends such products to clients. Both play vital roles in the investment industry, with the Unit Trust serving as the vehicle and the Financial Advisor as the guide for investors.

What are the typical challenges faced by professionals working in unit trust management, and how can they be addressed?

Professionals in Unit Trust management often face challenges such as staying updated with constantly changing market conditions, ensuring regulatory compliance, and effectively communicating investment strategies to clients. Managing diverse portfolios requires close attention to risk management and performance monitoring. Building strong relationships with clients and collaborating closely with research analysts, compliance officers, and sales teams are essential for success. Continuous professional development and leveraging analytical tools can help address these challenges and support career growth within the industry.
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What job categories do people searching Unit Trust jobs look for?

The top searched job categories for Unit Trust jobs are:

Unit Trust jobs near you
Infographic showing various Unit Trust job openings in the United States as of August 2026, with employment types broken down into 2% As Needed, 80% Full Time, 11% Part Time, and 7% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $41,170 per year, or $19.8 per hour.

Trust Advisor

City National Bank

Manhattan, NY • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 8 days ago

Job description

TRUST ADVISOR
WHAT IS THE OPPORTUNITY?
Focus is to avail COIs, bank clients, and prospects of CNB/RBC fiduciary solutions; current trust administration, investment management, and planning opportunities in estate and personal trust accounts (testamentary and intervivos trusts), Charitable Trusts, Conservatorships, Guardianships, Life Insurance Trusts, Private Family Foundations, Special Needs Trusts, and other Agency accounts. Perform initial legal and trust administration review of all potential new trust or investment business. Partner with Business Development colleagues (Banker, Financial Advisor, Portfolio Manager, etc.) to ensure proposed new relationships are within CNB's risk appetite and can be managed without issue.
WHAT WILL YOU DO?
  • Perform a legal and administrative review of all potential new business.
  • Meet sales goals around sales expectation.
  • Work with Bankers, Portfolio Managers, and Financial Consultant colleagues to gather the necessary information and documentation to ensure we understand the risk and other issues associated with new opportunity (e.g., agreements, fee schedules, transfer directions, receipt of assets, reporting correct cost basis and tax acquisition dates, missing form and signatures, etc.).
  • Build strong relationships with key COI's, Bankers, and Financial Advisors.
  • Work with external advisors and attorneys to expand trust's brand and garner larger market share within region.
  • Set proper expectations with all internal and external partners around timing and progress of new opportunity.
  • Serve as a point of escalation for problem resolution.
  • Manage risk to ensure all relationships are within CNB's risk appetite.
  • Provide regular tracking for review of new business activities.
  • Meet regularly with existing income beneficiaries and remaindermen to profile clients and eventual retention of distributing trusts.
  • Administer and interpret fiduciary accounts in accordance with applicable laws and regulations and the stipulations of governing documents, local law or Court Order under which authority is conferred.
  • Interact with and provide guidance to Real Property Managers, CPAs and Trust Counsel, Portfolio Managers, Bankers, Investment Advisors, and other bank colleagues.
  • Oversee annual administrative review of Trust accounts. Check files for correct forms, codes, review payments and transactions for accuracy. Review Trust Document to ensure documents are in compliance.
  • Analyze anticipated income to insure sufficient cash is maintained to meet beneficiary distributions, banks fees, trust bills, etc.
  • Obtain missing documents from clients.
  • Produce and review gain/loss reports for clients and intermediaries. Research tax deficiency notices. Estimate taxes and allocate tax payments between principal and income, and maintain tax calendars. Communicate with Tax Vendor and external accountants.
  • Gather data for account reconciliation's, ensuring distribution requirements are met for charitable trusts, compute distribution amounts for unit-trust accounts and review fee agreements between the Bank, clients, and Co-Fiduciaries.
  • Gather/submit pertinent facts to the Trust Administration Committee regarding situations requiring the use of fiduciary discretion as appropriate. Review and submit proposals for consideration, direction and approval.
  • Work with appropriate colleagues to develop investment strategies.
  • Oversee distribution of client's assets upon termination of accounts.
  • Respond to clients, advisors, and intermediaries regarding the administration and maintenance of accounts
  • Maintain a proactive commitment to established Bank programs, such as CustomerFirst, Community Reinvestment Act (CRA) and Equal Employment Opportunity.
  • Comply fully with all Bank Operational and Wealth Management policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).
  • Follow appropriate Regulation 9 process.
  • Maintain all appropriate training and continuing education requirements for both internal programs and external licenses and certifications.

WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*
  • Bachelor's Degree or equivalent
  • 10+ years of experience in a financial or legal services organization
  • 10 years of experience in trust administration

Additional Qualifications
  • 12 years of experience in trust administration
  • 12 years of experience in a financial or legal services organization
  • Strong verbal and written communication skills are required.
  • Specifically, excellent interpersonal skills with the ability to interact effectively with all levels of CNB personnel, clients and outside contacts
  • The ability to profile clients with an emphasis on retaining business
  • Familiarity with state tax laws, income taxation with respect to trust investment management principles, California and/or Nevada probate code
  • Demonstrated strategic team player
  • Strong organizational skills
  • Anticipate needs and proactively seek solutions
  • The ability to work on multiple tasks/projects simultaneously is crucial in this position
  • Must be PC literate and be familiar with trust accounting systems
  • Microsoft Office (Word, Excel & PowerPoint)
  • JD, LLM or other legal designation/degree preferred
  • Completion of Trust Certificate and/or CTFA preferred

WHAT'S IN IT FOR YOU?
Compensation
Starting base salary: $148,266 - $252,544 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
  • Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
  • Generous 401(k) company matching contribution
  • Career Development through Tuition Reimbursement and other internal upskilling and training resources
  • Valued Time Away benefits including vacation, sick and volunteer time
  • Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
  • Career Mobility support from a dedicated recruitment team
  • Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.
ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
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