Wealth Strategies Analyst (WSA)

Company: Disability Solutions
Location: Chevy Chase
Posted on: November 11, 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!Wealth Strategies Analyst (WSA), Private Bank (PB) -Supports Wealth Strategists in developing and preparing existing and prospective clients' financial plans, analysis, and models, which may encompass investment, retirement, estate, gift, and tax planning, and risk management. Reviews, analyzes and flowcharts estate planning documents and drafts initial financial projections. Assists in the coordination of client workshops to provide financial advisory expertise to internal sales team and existing clients. Executes and delivers on special projects as needed. Assists with marketing efforts through preparation of presentations to facilitate securing current and future business and to build credibility in the local market place. Reviews communication materials for updates on product and service offerings, policy and procedure changes, as well as personnel and risk management updates.

• 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.Skills:
                  • Analytical Thinking
                  • Attention to Detail
                  • Critical Thinking
                  • Prioritization
                  • Research
                  • Collaboration
                  • Customer and Client Focus
                  • Recording/Organizing Information
                  • Wealth Planning
                  • Written Communications
                  • Adaptability
                  • Issue Management
                  • Oral Communications
                  • Problem SolvingMinimum Education Requirement: High School Diploma / GED / Secondary School or equivalentShift:1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - MD - Chevy Chase - 5550 Friendship Blvd - Pbg - Chevy Chase (MD4924)Pay and benefits informationPay range$83,000.00 - $103,900.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Keywords: Disability Solutions, Lancaster , Wealth Strategies Analyst (WSA), Professions , Chevy Chase, Pennsylvania