Real Estate Transaction Specialist

About Northern TrustAs 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. Role/Department: Real Estate Transaction Specialist/Corporate Real EstateResponsible for leading and executing real estate transactions within our office portfolio. This role ensures alignment with enterprise strategy, cost optimization, risk management, and delivery of workplace objectives. Partnering closely with business units, finance, legal, project management and facilities to deliver data-driven, timely, and compliant real estate decisions. Carries out complex initiatives with multiple disciplines and/or ambiguous issues. Displays a balanced, cross-functional, collaborative, team centered perspective.The key responsibilities of the role include:1. Lead end-to-end on time execution of real estate transactions, including: • Lease renewals, renegotiations, restructures • New site acquisitions and dispositions, expansions, contractions, and early terminations • Develop and implement transaction goals aligned with portfolio and business objectives • Manage external brokers and advisors to ensure optimal negotiation outcomes • Oversee lease administration inputs, critical dates, and documentation accuracy 2. Financial Analysis & Deal Structuring: • Develop financial models comparing scenarios and alternative workplace strategies • Analyze total occupancy cost, rent, operating expenses, capital exp, and incentives • Prepare business cases and funding requests with clear ROI and risk factors • Benchmark deal terms and market conditions to support negotiation strategy 3. Stakeholder Management • Direct responsibility for developing governance meetings, presentations, documentation and materials in support of timely stakeholder management • Partner with business leaders to review space demand projections, and operational needs 4. Collaborate with Workplace Services leadership for direction on enterprise alignment including: • Facilities Management (day to day issues, property coordination and future improvements) • Project Management (for build-outs and delivery timelines) • Lease Administration, Legal and Finance (Documentation, critical dates, etc) 5.Governance, Compliance & Risk Management • Ensure transactions comply with internal policies, approval processes, and governance • Manage key risks including financial exposure, lease obligations, and timing dependencies • Maintain documentation for audits and internal reporting requirementsSkills/Qualifications:• Corporate real estate experience required with time spent inside a corporate organization as an end-user. In-depth Functional / Industry Knowledge is required• Proven experience developing governance meetings, presentations, documentation and materials in support of stakeholder management. Highly flexible and adaptable to change • Understanding of lease administration, lease audit, lease compliance and financial reporting from the landlord and tenant perspective • Leadership and organizational skills are required to determine the Business Unit's goals • A College or University degree and/or relevant proven work experience is required and MBA or MCR preferred• Financial management of projects and contract and negotiation experience is required**Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).Working Model: Hybrid (#LI-Hybrid)We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.Salary Range:$114,700 - 194,900 USDSalary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.Work AuthorizationApplicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa). Working with UsAs a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities. Reasonable Accommodation Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at View email address on click.appcast.io, or alternatively you can discuss your individual requirements with the recruiter you are working with. SummaryLocation: Chicago, ILType: Full time