Northern Trust · 1 day ago
Sr. Estate Administrator
Austin, TX
Full-time
Onsite
Senior Level, Lead/Staff
$131K/yr - $228K/yr
8+ years expNorthern Trust is a globally recognized financial institution providing innovative financial services to individuals, families, and institutions. The Sr. Estate Administrator will manage complex estates and taxable trusts, ensuring compliance with tax laws and overseeing asset administration while cultivating relationships with beneficiaries.
BankingFinanceFinancial ServicesWealth Management
Responsibilities
Marshals and administers assets in complex estates and taxable trusts
Decides all substantive questions arising within the estate including tax elections, use of tax reserves, disposition, valuation and collection of assets, raising of cash, resolution of liabilities, audits, and litigation
Manages accounts which feature sophisticated estate plans, unusual assets, complicated will or trust provisions, intricate tax matters, significant investment decisions, and sensitive family situations
Administers unusual assets, such as closely-held stock, investment concentrations, large or multiple real estate holdings, unusual qualified plans, deferred compensation agreements, and farms
Enables preparation of tax returns (estate, gift, generation-skipping, fiduciary, and personal income tax) through locating and marshaling assets, arranging for valuation, quantifying expenses, and securing and reviewing financial records
Works with internal tax support, co-fiduciaries, and outside counsel to consider all tax elections and determine appropriate tax reporting
Advises investment division of all pertinent circumstances related to cash requirements of estate and investment objectives of beneficiaries. Helps develop and communicate investment programs, ensuring that all fiduciary requirements are observed
Coordinates the balancing of account requirements and customer needs during the estate settlement period. Ensures that appropriate communication of investment decisions occurs between the bank and interested outside parties
Establishes and maintains strong relationships with beneficiaries responding to their needs and objectives, and explaining any issues that arise in the estate. Educates clients on bank products and services, emerging issues, and regulatory/tax changes
Cultivates relationships for expanded business opportunities with the bank (personal trust, Northern Trust Securities, investment management, private banking, etc.)
Reviews and implements all fundings and distributions, reviewing all pertinent accounting documentation for assigned accounts. Oversees preparation and filing of all necessary court documents
Oversees special tasks, including sale of real estate or family business interest, disposition of qualified plan assets, coordinating response to estate tax audits, and facilitating beneficiaries' credit requests
Coordinates response to litigation or initiates litigation if appropriate. Coordinates discussion and review of technical tax and legal issues, using outside counsel, in-house legal or tax counsel, and senior administrators
Serves as a resource for the group, providing training and consultation on estate matters
Qualification
Required
Advanced knowledge of estate planning and tax laws
Trust, fiduciary income, investments, real estate, accounting, trust operations
Minimum 8 years experience in estate administration or personal trust
Broad exposure to legal, tax, investment, and operational elements required
Company
Northern Trust
Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, fiduciary and banking.
10001+ employees
H1B Sponsorship
Northern Trust has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (180)
2024 (203)
2023 (102)
2022 (74)
2021 (298)
2020 (83)
Funding
Current Stage
Public CompanyTotal Funding
$1.25B2025-11-20Post Ipo Debt· $1.25B
1978-01-13IPO
Leadership Team
Michael O'Grady
President, Chief Executive Officer & Director
Peter Cherecwich
Chief Operating Officer
Recent News
Business Wire
2025-12-18
2025-12-11
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