Northern Trust
Financial Services
SeniorEstateAdministrator
Neural analysis suggests this role is
optimal for Senior candidates.
“Senior Estate Administrator at Northern Trust. Skills: Estate administration, Tax law, Trust administration. Administer probate estates. Administer taxable trusts”
Industry & Context.
Authorized to work in U.S.
What They're Looking For.
Must Have
8 years estate administration, 8 years personal trust
Nice to Have
Graduate degree, JD degree, LLM degree, Related professional designations
What You'll Do.
Administer probate estates
Administer taxable trusts
Implement descendant's estate plan
Manage internal relationships
Manage outside counsel relationships
Manage co-fiduciary relationships
Manage beneficiary relationships
Manage advisor relationships
Decide substantive questions
Handle asset disposition
Handle asset valuation
Handle asset collection
Handle liability resolution
Manage complex accounts
Manage unusual assets
Administer unusual assets
Administer closely held stock
Administer investment concentrations
Administer real estate holdings
Administer qualified plans
Administer deferred compensation
Enable tax return preparation
Arrange for valuation
Review financial records
Work with internal tax support
Work with co-fiduciaries
Work with outside counsel
Consider tax elections
Determine tax reporting
Advise investment division
Develop investment programs
Communicate investment programs
Observe fiduciary requirements
Balance account requirements
Balance customer needs
Communicate investment decisions
Establish relationships with beneficiaries
Respond to beneficiary needs
Respond to beneficiary objectives
Explain estate issues
Educate clients on bank products
Educate clients on services
Educate clients on emerging issues
Educate clients on regulatory changes
Educate clients on tax changes
Cultivate business opportunities
Review accounting documentation
Oversee court document preparation
Oversee court document filing
Oversee special tasks
Oversee sale of real estate
Oversee disposition of business interest
Oversee disposition of plan assets
Coordinate response to audits
Facilitate beneficiary credit requests
Coordinate response to litigation
Coordinate technical tax issues
Coordinate legal issues
Provide training on estate matters
Provide consultation on estate matters
How You'll Work.
Team & Collaboration
Internal support divisions; Outside counsel; Co-fiduciaries; Beneficiaries; Advisors; Investment division; Internal tax support; In-house legal counsel; Senior administrators
Communication Scope
Client education
Full Job Description
**_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. **_SENIOR ESTATE ADMINISTRATOR, WEALTH MANAGEMENT_** OH: R155102 Administers complex, sensitive probate estates and taxable trusts containing sophisticated estate plans, sensitive family situations, and complex or difficult issues pertaining to investment, tax, legal, or other questions. Implements the descendant's estate plan in all areas where the bank has responsibility. Manages relationships among internal support divisions, outside counsel, co-fiduciaries, beneficiaries, and advisors. 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, an
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