Sr. Advisor, Special Assets - Energy & Minerals Management Group

Job Description Summary

Responsible for the management of special assets held in trusts, estates, and agency accounts. Responsibilities include taking possession of the asset, coordinating its management, evaluating its investment potential, recommending the investment policy, and assisting in or handling its sales where necessary. Assigned assets may include highly sensitive account situations and those requiring a high degree of technical knowledge. Assist Northern partners in the sale process for Specialty Asset fiduciary and/or advisory services while building Northern Trust's brand and awareness of its Specialty Asset capabilities both internally and externally.

Job expectations include demonstrating deep asset knowledge, applying sound fiduciary judgment, leading asset decisions with growing independence, and delivering strong client support and execution.

• Develops periodic goals, organizes the work, sets short‑term priorities, monitors all activities, and ensures timely and accurate completion of the work.
• Coordinates and completes Annual Investment Reviews and valuations, including the formulation of investment recommendations, and determination of whether is a market for an asset.
• Responsible for the management of a portfolio of complex assets reviewing critical documents and financial data to ensure when possible that asset is performing acceptably.
• Assists in the evaluation and remediation of new assets.
• Work with partners, fiduciaries and third parties to make necessary business decisions regarding the asset.
• Assists in the collection of information necessary for the ongoing asset management and completion of Annual Investment Reviews and may review Annual Investment Reviews prepared by Analysts and/or Asset Managers where appropriate.
• Makes recommendations, receives and reviews appraisals, values assets where necessary. Advises account administrators and clients of activities and issues.
• Makes recommendations to the appropriate management committees regarding the suitability of retaining an asset.
• Sells or assists in the sales of assets from fiduciary accounts, when appropriate.
• Ensures that revenues are collected, expenses are paid, proceeds from sales are properly credited, fees collected, and asset is removed from record or documentation.
• Coordinates or assists in the coordination of the execution of all contracts, legal documents and closing documents subject to trust attorney review.
• As required, act as manager, officer and/or director of entities when appropriate and approved by senior management when necessary.
• Monitors newly assigned assets to assure that they are placed on record and coded/valued appropriately.
• Assists with the resolution of audit and regulatory issues as required within agreed time frames.
• Participates in marketing, business development and prospecting activities as needed.
• As subject area expert, provides comprehensive, in‑depth consulting and leadership to team and partners at a high technical level.
• Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities.