Northern Trust

Financial Services

SeniorEstateAdministrator

$137–240k Chicago, Illinois, United States FULL TIME
Market Sentiment
HIGH DEMAND

Neural analysis suggests this role is
optimal for Senior candidates.

The Brief

“Senior Estate Administrator at Northern Trust. Skills: Estate administration, Tax law, Trust administration. Administer probate estates. Administer taxable trusts”

Industry & Context.

Financial Services
Eligibility Requirements

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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