Sr. Estate Administrator

Location: New York, NY

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

• 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 which feature 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 investment division of all pertinent

• circumstances related to cash requirements of estate
• and investment objectives of beneficiaries. Helps
• develop and communicate investment programs,
• ensuring that all fiduciary requirements are observed.

• 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.

• Establishes and maintains strong relationships

• with beneficiaries responding to their needs and
• objectives, and explaining any issues that arise
• in the estate. 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. Coordinates discussion
• and review of technical tax and legal issues,
• using 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.
• Knowledge :Advanced knowledge of estate planning and tax laws,
• trust, fiduciary income, investments, real estate,
• accounting, trust operations, and current issues within
• the field such as
• Experience :Minimum 8 years experience in estate administration
• or personal trust, with broad exposure to legal, tax,
• investment, and operational elements required.

Salary Range

$158,010 - 276,460 USD

Salary 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 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 [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.