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Asset Manager, Special Assets

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Personal Trust
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73587 Requisition #
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Real Estate Asset Manager, 

Special Assets Wealth Management Real Estate and Agricultural Services Division 

Location: Chicago, IL 

Description: Responsible for performing functions necessary for the management and or administration of residential properties held in various types of managed and directed accounts including, trusts, guardianships', estate and agency accounts. May also be responsible for performing the functions necessary as part of a transaction team to sell or acquire real estate assets. This position is also responsible for completion of routine pre-acceptance functions and annual reviews to satisfy audit, regulatory and compliance requirements. 

Major Responsibilities: 

• Manage assigned properties utilizing established policies and procedures 
• Buy, sell, lease properties either directly or with assistance of a realtor 
• Negotiate listing agreements, purchase and sale agreements, leases and other agreements 
• Maintain properties cost effectively through use of appropriate vendors 
• Maintain appropriate insurance coverage by way of blanket program or external policies 
• Prepare annual property reviews, analyze tax assessed values, coordinate triennial valuations, and perform initial and annual property inspections  
• Coordinate the timely payment of all maintenance, insurance and property tax bills 
• Maintain property files with and without the help of an assistant 
• Support Guardianship Administrators and attend court hearings as necessary 
• Build and maintain productive relationships with internal partners and centers of influence 
• Provide articulate and reasoned communication with colleagues, co-fiduciaries, clients, attorneys, brokers, contractors, third-party managers and other service providers
Qualifications: 

• Minimum of 5 years of experience working in a professional real estate sales and management environment 
• Bachelor’s degree or equivalent work experience 
• Professional real estate designation is a plus 
• Preferred skill/experience includes knowledge of fiduciary principals, ability to identify and resolve moderate problems with minimal guidance, strong attention to detail, proven analytical, mathematical, and problem solving skills 
• Excellent interpersonal, verbal and written communication skills
• Strong organizational, multi-tasking and prioritizing skills 
• Proficient in Microsoft Excel and Word and otherwise computer literate 
• Proficient in Yardi Voyager is a plus 
• Ability to quickly gain proficiency with the bank’s internal systems 
• Valid driver’s license

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.


As of September 30, 2018, Northern Trust Corporation had:

$10.8 trillion in assets under custody/administration
$8.2 trillion in assets under custody
$1.2 trillion in assets under management
$132 billion in banking assets 

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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
  • APAC EEO Statement
    • APAC EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • Canada EEO Statement
    • Canada EEO STATEMENT

      Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

  • EMEA EEO Statement
    • EMEA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • USA EEO Statement
    • USA EEO STATEMENT

      It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.)EEO is Law Poster Supplement