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 small

to medium-sized probate 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. Functions as the decision point for virtually

every estate issue that arises in asset management,

tax compliance, tax planning, fundings, distributions,

and tax audits. Articulates the logic of these

decisions to all appropriate parties.

4. Works with internal tax support, co-fiduciaries,

and outside counsel to consider all tax elections

and determine the most appropriate tax reporting.

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, and securing and reviewing financial

records.

6. Approves all tax returns and signs estate tax

returns. Oversees preparation and filing of all

pertinent court documents.

7. Advises investment division of all pertinent

circumstances related to cash requirements

of estate and investment objectives of beneficiaries.

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 bank

and interested outside parties.

9. Ensures that all fiduciary requirements and

restrictions pertaining to investments are observed

during the settlement process.

10. Establishes and maintains strong relationship

with beneficiaries responding to their needs and

explaining issues that arise in the estate. Educates

clients on bank products and services, emerging

issues, and regulatory/tax changes.

11. Cultivates relationships for expanded business

opportunities with the bank (personal trust, Northern

Trust Securities, investment management, private

banking, etc.).

12. Plans, reviews, and implements all fundings

and distributions including coordinating the input

of co-fiduciaries, beneficiaries, investment division,

tax division, and others. Reviews all accounting

documentation pursuant to fundings or distributions.

13. Oversees special tasks, including sale of real

estate or family business interest, disposition of

qualified plan assets, coordinating response to

estate tax audit, and facilitating beneficiaries''

credit requests.

14. Coordinates discussion and review of technical

tax, investment, and legal issues using outside

counsel, in-house legal or tax counsel, and senior

administrators as resources in reaching a decision.

Knowledge :

Knowledge of estate planning and tax laws, trust,

fiduciary income, investments, real estate, basic

accounting, trust operations, and current issues

within the field such as generation-skipping and

environmental liability usually acquired through

formal education in law or related field and work

experience is required to implement estate plans.

Analytical and organizational skills are required

to translate complex client problems into concrete

account situations when processes are not

established. Negotiating skills are required

to mediate conflict.

Experience :

Minimum 5 years experience in estate

administration or personal trust, with exposure

to legal, tax, investment, and operational elements.

Work Authorization

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 with Us

As 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 MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.