Asset Manager, Special Assets
Position is responsible for the direct and indirect management of agricultural assets held in trusts and estates as well as the sale or acquisition of such assets. Northern Trust in its capacity as Trustee and Executor holds a portfolio of 60,000 acres of row crops and ranch land as well as significant timber holdings.
The Key Responsibilities of the Position
- Work with internal partners, clients, attorneys, co-trustees with respect to agricultural properties held in trusts and estates
- Direct management of agricultural properties, as well as working with local agent property managers in specific situations.
- Work with real estate brokers and attorneys for sales and acquisitions
- Manage the sales process Manage the acquisition process including completion of any necessary due diligence
- Develop annual budgets
- Oversee capital improvement projects
- Negotiate leases Confirm properties are compliant with regulations
- Complete annual investment reviews and making recommendations as to retention or sale of asset.
- Make presentations to internal partners as well as COIs, prospects and clients regarding services
- 10%-20% Travel
- Provide long term strategies to clients as to asset retention, liquidation, or acquisition.
- Provide consulting services on Advisory Service situations
Experience/Skills
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A Bachelor’s degree in agriculture is preferred
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Farm management experience that includes row
crops, livestock or ranching; timber knowledge
and experience is a plus though less critical
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Excellent communication and client skills as
well as new business development and presentation skills required
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Experience with or general understanding of
fiduciary law principles is preferred
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Self-starter who can work independently and also
support partners across the organization with agricultural matters
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AFM Certification Preferred