Sr. Estate Administrator

About Northern Trust :

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Major Duties : 1. Marshals and administers assets in complex

estates and taxable trusts.

2. Decides all substantive questions arising within

the estate including tax elections, use of tax reserves,

disposition, valuation and collection of assets, raising

of cash, resolution of liabilities, audits, and litigation.

3. Manages accounts which feature sophisticated

estate plans, unusual assets, complicated will or

trust provisions, intricate tax matters, significant

investment decisions, and sensitive family

situations.

4. Administers unusual assets, such as closely-held

stock, investment concentrations, large or multiple

real estate holdings, unusual qualified plans,

deferred compensation agreements, and farms.

5. Enables preparation of tax returns (estate, gift,

generation-skipping, fiduciary, and personal income

tax) through locating and marshaling assets,

arranging for valuation, quantifying expenses,

and securing and reviewing financial records.

6. Works with internal tax support, co-fiduciaries,

and outside counsel to consider all tax elections

and determine appropriate tax reporting.

7. Advises investment division of all pertinent

circumstances related to cash requirements of estate

and investment objectives of beneficiaries. Helps

develop and communicate investment programs,

ensuring that all fiduciary requirements are observed.

8. Coordinates the balancing of account requirements

and customer needs during the estate settlement

period. Ensures that appropriate communication

of investment decisions occurs between the bank

and interested outside parties.

9. Establishes and maintains strong relationships

with beneficiaries responding to their needs and

objectives, and explaining any issues that arise

in the estate. Educates clients on bank products

and services, emerging issues, and regulatory / tax

changes.

10. Cultivates relationships for expanded business

opportunities with the bank (personal trust, Northern

Trust Securities, investment management, private

banking, etc.).

11. Reviews and implements all fundings and

distributions, reviewing all pertinent accounting

documentation for assigned accounts. Oversees

preparation and filing of all necessary court

documents.

12. Oversees special tasks, including sale of real

estate or family business interest, disposition of

qualified plan assets, coordinating response to

estate tax audits, and facilitating beneficiaries''

credit requests.

13. Coordinates response to litigation or initiates

litigation if appropriate. Coordinates discussion

and review of technical tax and legal issues,

using outside counsel, in-house legal or tax

counsel, and senior administrators.

14. Serves as a resource for the group, providing

training and consultation on estate matters.

Knowledge : Advanced knowledge of estate planning and tax laws,

trust, fiduciary income, investments, real estate,

accounting, trust operations, and current issues within

the field such as

Experience : Minimum 8 years experience in estate administration

or personal trust, with broad exposure to legal, tax,

investment, and operational elements required.

Working with Us :

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at .

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.