Asset Manager, Special Assets

About Northern Trust :

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Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity.

With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Job Title : Asset Manager, Special Assets

Job Description Summary :

• Completes and reviews investment reviews of assets including formulating investment recommendations, determining valuations for fee purposes, and determining whether a market exists for the asset.
• Makes recommendations to the appropriate management committees regarding the suitability of retaining the asset.
• Screens new business assets for Acceptance Committees providing recommendations regarding acceptance of the asset.
• Examines documents including will, trust agreement, etc. to determine duties and responsibilities for asset.
• Manages asset looking at current ownership structure, financial statements, business operations, insurance and other important matters associated with the assets.
• Monitors newly assigned assets to assure that they are placed on record, coded correctly and valued appropriately.
• Works closely with and responds promptly to partners in various areas with respect to the management and / or sale of the asset.
• Completes administrative functions as needed or requested.
• Assists with the resolution of any outstanding issues related to the asset within reasonable or agreed upon time frames.
• Oversees in conjunction with co-fiduciaries, partners and outside owners the sale or distribution of the asset where appropriate.
• Carries out complex activities with significant financial, client, and / or internal business impact.
• May have direct interaction with committees and / or Senior Management.
• Able to serve as a key subject matter expert and mentor to other more junior level employees.

Knowledge :

• Knowledge of the types of assets to be managed usually acquired through related work experience or four year degree program.
• Analytical, organizational and communication skills are required to effectively manage, review and / or sell the various types of assets.

Experience :

A College or University degree and 3-5 years of proven work experience is preferred.

Working with Us :

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation :

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected].

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

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