Sr. Estate Administrator

About Northern Trust As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure:
Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 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 withinthe estate including tax elections, use of tax reserves,disposition, valuation and collection of assets, raisingof cash, resolution of liabilities, audits, and litigation.
3. Manages accounts which feature sophisticated estate plans, unusual assets, complicated will ortrust provisions, intricate tax matters, significant investment decisions, and sensitive family situations.
4. Administers unusual assets, such as closely-heldstock, 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 incometax) 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 election sand determine appropriate tax reporting.
7. Advises investment division of all pertinent circumstances related to cash requirements of estateand 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 bankand interested outside parties.
9. Establishes and maintains strong relationships with beneficiaries responding to their needs and objectives, and explaining any issues that arisein the estate. Educates clients on bank product sand 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 toestate 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 withinthe field such as Experience :

Minimum 8 years experience in estate administrationor personal trust, with broad exposure to legal,…