Senior Analyst, Special Assets-Real Estate

SUMMARY:
• Exhibits proficiency in supporting the activities of the Specialty Asset group to which they are assigned. Responsible for ensuring the correct steps are followed with regard to policies, procedures and daily business activities which may include payable/receivable processing, asset set up, removal and annual reviews and compliance-related processes. Demonstrates an understanding of business system as well as strong organizational skills with knowledge of how business systems can be used to track deadlines. Assists partners and clients with questions regarding business systems and management of assets. Resolves problems and seeks to improve processes. Performs tasks and duties according to established procedures. Requires advanced skills and expertise in a variety of work processes or activities. Works autonomously within established procedures and practices.
MAJOR DUTIES:
• Assists asset managers in the collection of information necessary for the completion of Annual Investment Reviews communicating as necessary with partners and outside third parties.
• Assists asset managers with the collection of rents, payment of expenses, collection of extraordinary fees, and confirmation of insurance where appropriate.
• Track due dates, deadlines and expirations and work with asset managers to insure timely completion of tasks.
• Assist asset managers with engaging appraisals and coordinating site visits. Update appraisal information in Yardi. Add assets to Yardi with input from the trust officer. Follow up with trust officer to get any documentation that is needed to properly place the asset on record.
• Assists partners and clients with questions regarding business systems, which may include payment of expenses, collection of revenues, generating reports, etc.
• Assists with system development, testing and training as needed.
• Has mastery of, and assists with the documentation of, policies and procedures.
• 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 compliance issues/concerns to supervisor.
• More technically sound in area of expertise and has broader knowledge of other areas.
• Delivers a work product that requires minimal revisions.
• Able to facilitate discussions, make recommendations and reach decisions.
• Gathers and analyzes data to identify and solve complex problems that arise with little or no precedent.
KNOWLEDGE/SKILLS:
• Knowledge of specific area of practice, usually acquired through formal education or work experience.
• Thorough 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.
• Strong organizational skills required to coordinate compliance activities.
• Requires advanced or specialized skills and expertise in a range of processes, procedures and systems.
EXPERIENCE REQUIRED:
• A College or University degree or 3-5 years of proven work experience is preferred
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About The Northern Trust Institute
The Northern Trust Institute is a research center dedicated to advising high and ultra-high net worth individuals and families. More than 175 experts collaborate across more than 40 areas of expertise to analyze behavioral patterns and identify the strategies that have been most effective for our clients - bringing the breadth and depth of our firm to each unique situation. The resulting insights position you to take action with confidence and achieve optimal outcomes with your wealth.
About Northern Trust Wealth Management
Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses. It is recognized for its innovative technology, service excellence and depth of expertise, with $351.4 billion in assets under management as of December 31, 2022. The Northern Trust Company is an Equal Housing Lender. Member FDIC.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 25 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2022, Northern Trust had assets under custody/administration of US$13.6 trillion, and assets under management of US$1.2 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Follow us on Twitter @NorthernTrust and on LinkedIn.