Analyst, Special Assets
- Recruiter
- Northern Trust
- Location
- Chicago, Illinois, United States
- Salary
- Unspecified
- Posted
- 27 May 2022
- Closes
- 27 Jun 2022
- Ref
- 96877
- Contract type
- Permanent
- Hours
- Full time
- Experience level
- Qualified accountant
The special assets analyst position is in our family business group which manages privately held assets held in trust accounts. The special assets analyst is responsible for managing certain privately held assets, performing financial analysis of companies and partnerships, conducting periodic valuations using prescribed valuation guidelines and preparing annual investment reviews. Under general supervision, the special assets analyst also assists Asset Managers and Senior Asset Managers with Annual Investment Reviews. Role is responsible for assisting partners and clients with questions regarding business systems and management of assets. Specific responsibilities include:
- Collection of information necessary for the completion of Annual Investment Reviews for assigned assets which includes communicating as necessary with partners and outside third parties.
- Analyzes asset information, which may include review of account information, financial performance, benchmark information, industry information, the market for such asset, etc. in order to prepare an Annual Investment Review which will include an investment recommendation.
- Present investment reviews to family business committees.
- Work with outside valuation firms and use approved valuation methodologies when appropriate to estimate the value for each asset as part of the Annual Investment Review.
- Manage assigned assets including periodic performance measurement, assessment of sale and redemption opportunities and making recommendations regarding the same.
- Assists partners and clients with questions regarding business systems, management of assets - which may include payment of expenses, collection of revenues - and assists with system development, testing and training as requested.
- Performs compliance functions as directed by division management.
- Completes other administrative functions as needed or requested.
- Assists with the resolution of audit and regulatory issues as required within agreed timeframes.
- Identifies, assesses and escalates fiduciary risk and compliance issues/concerns to supervisor.
- May have direct interaction with committees outside the family business division and/or Senior Management
- Delivers a work product that requires few revisions
- Able to facilitate discussions and reach decisions
Qualifications
- A College or University degree and 1-3 years of proven work experience is preferred.
- Knowledge of specific area of practice useful, usually acquired through formal education or work experience. Knowledge of excel and word is required.
- Incumbent must have an understanding of compliance policies and procedures in order to ensure the completeness and adequacy of Annual Investment Reviews and the proper management of assets.
- Analytical and communication skills required to analyze and summarize information and effectively communicate with partners and third parties.
- Organizational skills required to coordinate compliance activities.
About Northern Trust:
Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With more than 130 years of financial experience and over 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
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 take pride in working for a company that is committed to strengthening the communities we serve!
We’d love to learn more about how your interests and experience could be a fit with one of America’s best banks and most sustainable companies! Build your career with us and apply today.
For further information, and to apply, please visit our website via the “Apply” button below.
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