Portfolio Manager, Fiduciary Services

6 days ago

Newport Beach, United States Northern Trust Corporation Full time
About Northern Trust Corporation

Northern Trust Corporation is a leading global financial institution that has been in continuous operation since 1889. We are a Fortune 500 company that provides innovative financial services and guidance to the world's most successful individuals, families, and institutions.

Job Summary

We are seeking a highly skilled and experienced Senior Asset Manager to join our team. The successful candidate will be responsible for the management of special assets held in trusts, estates, and agency accounts.

Key Responsibilities
  1. Develop and implement investment strategies for special assets, including coordinating their management, evaluating their investment potential, and recommending investment policies.
  2. Take possession of assets, coordinate their management, and ensure timely and accurate completion of work.
  3. Coordinate and complete annual investment reviews and valuations, including the formulation of investment recommendations and determination of market demand.
  4. Manage a portfolio of complex assets, reviewing critical documents and financial data to ensure optimal performance.
  5. Assist in the evaluation and remediation of new assets, working with partners, fiduciaries, and third parties to make necessary business decisions.
  6. Collect and review information necessary for ongoing asset management and completion of annual investment reviews.
  7. Make recommendations, receive and review appraisals, and value assets as necessary.
  8. Advise account administrators and clients on activities and issues.
  9. Make recommendations to management committees regarding the suitability of retaining assets.
  10. Sell or assist in the sales of assets from fiduciary accounts, when appropriate.
  11. Ensure revenues are collected, expenses are paid, proceeds from sales are properly credited, fees collected, and assets are removed from record or documentation.
  12. Coordinate the execution of contracts, legal documents, and closing documents subject to trust attorney review.
  13. Act as manager, officer, and/or director of entities when approved by senior management.
  14. Monitor newly assigned assets to ensure they are placed on record and coded/valued appropriately.
  15. Assist with the resolution of audit and regulatory issues within agreed timeframes.
  16. Participate in marketing, business development, and prospecting activities as needed.
  17. Provide comprehensive consulting and leadership to team and partners at a high technical level.
Requirements
  1. Subject matter specific knowledge of asset management, investment products, and fiduciary matters, usually acquired through related work experience or formal training.
  2. Analytical, negotiation, organizational, communication, and leadership skills to effectively manage complex assets and relationships.
  3. Accounting and financial analysis skills may also be required.
  4. 7-10 years of experience in the management of special assets preferred.
About Us

Northern Trust Corporation is a company committed to assisting the communities we serve. We offer a flexible and collaborative work culture, financial strength, and stability that emboldens us to explore new ideas. Movement within the organization is encouraged, and senior leaders are accessible.

We value an inclusive workplace and understand flexibility means different things to different people. We are committed to working with and providing reasonable accommodations to individuals with disabilities.

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