Sr. Estate Administrator

ntrs; New York (NY); Sur place; USD 158 000 - 276 000; Plein temps

Résumé du poste

Northern Trust is hiring for a senior role in estate administration/personal trust, leveraging advanced knowledge of estate planning, tax laws, and fiduciary operations. You will coordinate with legal, tax, and investment teams to manage complex estates and ensure compliant, client-focused service.

The role requires extensive experience and offers a comprehensive benefits package, with a strong emphasis on professional development and client outcomes. This on-site position is based in New York.

Qualifications

• Minimum 8 years experience in estate administration or personal trust.
• Strong knowledge of estate planning, tax laws, trust operations.
• Experience coordinating with legal, tax, and investment teams.

Responsabilités

• Marshals and administers assets in complex estates and taxable trusts.
• Decides all substantive questions 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 with sophisticated estate plans, unusual assets, complicated provisions, tax matters and investment decisions.
• Coordinates the balance of account requirements and customer needs during the estate settlement period, communicating investment decisions with interested parties.
• Educates clients on bank products and services, regulatory/tax changes, and fiduciary responsibilities.
• Cultivates relationships for expanded business opportunities with the bank (personal trust, securities, investment management, private banking).
• Oversees funding, distributions, and court documents; coordinates litigation as needed.
• Serves as a resource for training and consultation on estate matters.

Connaissances

Estate planning

Tax laws

Trust operations

Investments

Real estate

Accounting

Fiduciary income

Description du poste

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 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. Manages accounts which feature sophisticated estate plans, unusual assets, complicated will or trust provisions, intricate tax matters, significant investment decisions, and sensitive family situations.
4. Administers unusual assets, such as closely-held stock, 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 income tax) 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 elections and determine appropriate tax reporting.
7. 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.
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. 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.
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 to estate 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 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