Senior Estate Administrator

About Northern Trust Northern Trust is a Fortune 500 company and a globally recognized, award‑winning financial institution that has been operating continuously since 1889. It offers innovative financial services and guidance to the world’s most successful individuals, families, and institutions. SENIOR ESTATE ADMINISTRATOR, WEALTH MANAGEMENT OH Major Duties Marshals and administers assets in complex estates and taxable trusts. 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. Manages accounts featuring sophisticated estate plans, unusual assets, complicated will or trust provisions, intricate tax matters, significant investment decisions, and sensitive family situations. Administers unusual assets, such as closely held stock, investment concentrations, large or multiple real estate holdings, unusual qualified plans, deferred compensation agreements, and farms. Enables preparation of tax returns (estate, gift, generation‑skipping, fiduciary, and personal income tax) through locating and marshaling assets, arranging for valuation, quantifying expenses, and securing and reviewing financial records. Works with internal tax support, co‑fiduciaries, and outside counsel to consider all tax elections and determine appropriate tax reporting. Advises the investment division of all pertinent circumstances related to cash requirements of the estate and investment objectives of beneficiaries; helps develop and communicate investment programs, ensuring fiduciary requirements are observed. Coordinates the balancing of account requirements and customer needs during the estate settlement period, ensuring appropriate communication of investment decisions occurs between the bank and interested outside parties. Establishes and maintains strong relationships with beneficiaries, responding to their needs and objectives and explaining any issues that arise; educates clients on bank products and services, emerging issues, and regulatory/tax changes. Cultivates relationships for expanded business opportunities with the bank (personal trust, Northern Trust Securities, investment management, private banking, etc.). Reviews and implements all fundings and distributions, reviewing all pertinent accounting documentation for assigned accounts; oversees preparation and filing of all necessary court documents. Oversees special tasks, including sale of real estate or family business interest, disposition of qualified plan assets, coordinating response to estate tax audits, and facilitating beneficiaries’ credit requests. Coordinates response to litigation or initiates litigation if appropriate; reviews technical tax and legal issues with outside counsel, in‑house legal or tax counsel, and senior administrators. Serves as a resource for the group, providing training and consultation on estate matters. Competencies Minimum 8 years’ experience in estate administration or personal trust, with broad exposure to legal, tax, investment, and operational elements required. Graduate, JD, L.L.M., and/or other related professional designations are strongly desired. Advanced knowledge of estate planning and tax laws, trust, fiduciary income, investments, real estate, accounting, trust operations, and current issues within the field. Authorized to work in the U.S. without the need for employment‑based visa sponsorship at present or in the future. Employment Eligibility Northern Trust will not sponsor 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). Compensation and Benefits Salary Range: $137,400 – $240,400 USD (good faith estimate of base pay). Northern Trust provides a comprehensive benefits package including retirement benefits (401(k) and pension), health and welfare benefits (medical, dental, vision, spending accounts, and disability), paid time off, parental and caregiver leave, life & accident insurance, discretionary bonus program (which may include an equity component), and other voluntary well‑being benefits. EEO Statement It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status, or any other legally protected status. #J-18808-Ljbffr