JEANINE M. PARKERSON
611 Royal View Drive
Lancaster PA 17601
Home Phone: (717) 519-5239
Cell Phone: (717) 917-0891
OBJECTIVE: Pursuing a position specializing in Employee Benefits and Human Resources.
EDUCATION
1985-1988 William Mitchell College of Law, St. Paul, Minnesota
Juris Doctorate (G.P.A of 3.6)
1982-1985 University of Minnesota, Minneapolis, Minnesota
Bachelor of Arts in Psychology Magna Cum Laude (G.P.A. of 3.8)
CAREER HISTORY
2006 Senior Trust Administrator
The Capital Trust Company of Delaware, Wilmington, Delaware
Responsibilities:
· Daily Administration of 100+ Complex Personal Trusts Totaling $75+ Million in Assets in Accordance With the Service Capacity Agreement and Trust Document.
· Consult With Advisors on Complex Trust Concerns and Client Fiduciary Issues.
· Open and Establish New Trust Accounts on the SunGard Trust Accounting System in Accordance With Trust Provisions.
· Close Trust Accounts in Accordance With State Small Trust Termination Statutes and Procedures or by Transferring Assets to Valid Successor Trustees.
· Analyze Discretionary Distribution Requests and Authorize Payments in Accordance With Trust Document.
· Calculate Distributable Net Income for Disbursement.
· Determine and Monitor Charitable CRUT and CRAT Contributions.
· Monitor Loans Within Trust Accounts.
· Determine Estimated State and Federal Tax Payments and Track Quarterly Remittances.
· Gather Tax Information for Preparation and Review of Government Filings.
· Actively Participate in Trust Advisory Committee and Trust Investment Committee Meetings.
· Ensure all Manual and Automatic Remittances are Accurate and Timely.
· Maintain Client Accounts on the SunGard Trust Accounting System.
2004-2005 Estate Planning and Wealth Management Counsel
Fulton Financial Advisors, Lancaster, PA
Responsibilities:
· Consult with High Net Worth Clients On Estate Planning Concerns.
· Engage in Comprehensive Estate and Financial Planning for Bank Customers.
· Act as Advisor to Bank Employees on Trust and Estate Matters.
· Provide Tax Efficient Ideas and Methods for Transferring Wealth.
· Assist Clients with Business Succession Planning Ideas and Techniques.
· Perform Charitable Trust Calculations and Advise on Opportunities.
· Handle Probate, Trust and Estate Administration.
· Strategize with High Net Worth Family Members Regarding Estate Planning.
· Work Closely with Clients’ Professionals in Developing Planning Solutions.
· Deliver Presentations and Seminars to Bank Employees and Customers.
· Increase Bank’s Assets Under Management Through Marketing Strategies.
Achievements:
· Supervised a team of four employees which secured a single $40 million trust account.
· Developed a marketing program for residents of nursing homes resulting in multiple new business opportunities.
· Developed and Participated on the Business Succession Planning Team to Market This Value Added Service to Clients and Prospects.
· Supervised Team Projects of 5 to 10 Employees Involving Various Departments Within the Bank.
· Assisted New Business Developers With Trust Sales Throughout the Entire Footprint Encompassing Twelve States.
2002-2004 Senior Trust Specialist and Trust Liaison
Dunham & Associates Investment Counsel, Inc., San Diego, CA
Dunham Trust Company headquartered in Reno, NV
Responsibilities:
· Analyze trust documents and conduct new account reviews for Committee acceptance.
· Perform required quarterly and annual compliance account reviews.
· Monitor recurring redemptions and closed accounts reviews.
· Verify payment of current client bills and oversee payments throughout probate process.
· Handle client and financial advisor inquiries and provide necessary consulting services.
· Participate in quarterly Board, TIC and TAC meetings providing report interpretations.
· Create and update operating Policies and Procedures for the Trust Company.
· Produce estate valuation reports by date of death and alternate date through Estate Val.
· Review Forms 706, 1099, and other applicable IRS Estate, Gift and Income Tax Forms.
· Conduct CRT modeling and illustrations for charitable vehicles through PGCalc.
· Coordinate Private Foundation third party administration through Foundation Source.
· Create trust marketing materials and promote these value added trust services.
· Assist the Regional Marketing Consultants with trust issues and gathering trust assets.
· Travel throughout the United States to speak with clients and advisors on trust matters.
· Address SEC fiduciary and legal compliance issues.
· Consult on comprehensive wealth management and all types of estate planning vehicles.
· Oversee back office support for efficient and accurate processing of daily trust activity.
· Possess knowledge of investment assets and securities including unique assets.
· Report directly to the President of the Trust Company.
· Affiliated with and actively involved in the NNEPA, BAT, AITCO and the FPA.
Achievements:
· Increases Assets Under Management by $100 Million in One Year.
· Managed Trust Accounts Totaling Over $400 Million in Assets.
· Developed a Program Providing for Holding Title to Non-Nevada Real Estate.
· Reduced Trust Expenses by Over Ten Percent.
· Assisted Advisors in Securing Assets Under Management in Each of the 50 States as well as Various “Off-Shore” Locations.
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2000-2001 Account Consultant
UNUM, San Diego, CA
Responsibilities:
· Assist clients with their employee benefit plan issues.
· Responsible for ongoing maintenance of client plan contracts.
· Ensure compliance with current laws and regulations.
· Handle billing issues and premium reconciliations.
Achievements:
· Supervised a Team of Eight Account Assistants.
· Developed a Cross Selling Program to Increase Revenue by $200 Million.
1994-2000 Senior Manager, Employee Benefits and Financial Services Consulting Groups
Ernst & Young, LLP, Minneapolis, MN
Responsibilities:
· Consult with trust companies regarding current business plan and sensibility of outsourcing certain or all modules
· Audit large financial institutions for compliance with relevant state and federal laws and regulations
· Develop and maintain the Fiduciary Business Innovator, a trust compliance software tool utilized to assess strengths and weaknesses in existing policies and procedures for personal, institutional, corporate and retirement trust services
· Consult with current and prospective clients in the public and private sectors concerning employee benefit plans.
· Administer a wide variety of benefit programs, including complex hybrid plans.
· Analyze and compare benefit plans through detailed testing procedures; design options to conform to individual and corporate philosophies.
· Audit benefit plans to ensure compliance with plan document, the Code and ERISA.
· Execute policies and procedures to comply with FMLA, ADA, ADEA and COBRA.
· Track account activity and performance of funds.
· Conduct discrimination and coverage tests; prepare government compliance reports.
· Consult with clients regarding spin off, merger and termination of benefit plans.
· Design and implement non-qualified executive compensation plans.
· Provide legal consultation for the firm’s internal professionals.
· Speak at pension and welfare benefit seminars and conferences.
· Supervise a team of defined contribution recordkeepers to ensure timeliness and accuracy of deliverables.
Achievements:
· Met quotas through identifying marketing opportunities and cross-selling products.
· Increased annual revenues by $2 million through fostering a client relationship.
· Saved clients millions of dollars in penalties by correcting compliance problems.
· Developed procedures manuals for consultants to ensure consistency and accuracy.
1988-1994 Manager, Actuarial, Employee Benefits, Compensation and Financial Consulting Services Groups in Tax and Audit Departments
Deloitte & Touche LLP, Minneapolis, Minnesota
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Responsibilities:
· Supervised the activities of five recordkeepers.
· Same responsibilities as Ernst & Young (above).
Achievements:
· Developed the recordkeeping division into a profit center.
1987-1988 Pension Specialist
Minnesota Mutual, Saint Paul, Minnesota
Responsibilities:
· Performed valuations of defined contribution plans.
· Administered discrimination testing.
· Analyzed plan documents for compliance with regulations.
1986-1987 Law Clerk
The St. Paul Companies, Saint Paul, Minnesota
· Researched ERISA and the Internal Revenue Code to assist the legal department in resolving issues surrounding employee benefit plans.
LEGAL AFFILIATIONS
National Network of Estate Planning Attorneys
American Bar Association
Minnesota State Bar Association
OTHER PROFESSIONAL AFFILIATIONS
San Diego Estate Planning Council
Southern California Employee Benefits Council
International Foundation of Certified Employee Benefits Specialists
Licensed California Life Agent
jeaninep
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