Fee Specialist – Global Family Office

Full Time
Chicago, IL 60603
Posted
Job description
About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

We have a balanced hybrid working model to ensure you get the flexibility you need and the successful candidate will spend their time between working in the office and working from home.


The Fee Specialist – Global Family Office specializes and supports fee activities for complex Global Family Office - Wealth Management Clients. This individual will act as a Custody Fee Subject Matter Expert (SME) and resource for team members with inquiries and best practices. Additionally, they will be responsible for fee invoices for specific GFO clients.


Duties include:


  • Working with Relationship Managers (RM) and Account Managers (AM) to learn and understand the intricacies of the clients’ needs in relation to fees
  • Acting as a GFO subject matter expert (SME) on fees
  • Joining the Relationship Managers (RMs) and /or Account Managers (AMs) on client calls as needed to resolve client questions and issues related to fees
  • Participating in new business fee schedule discussions with the RM, AM and sales team to form an understanding and to clarify all charges for the new client
  • Completing monthly/quarterly fee invoice audit for each assigned client within outlined Service Level Agreements (SLAs).
  • Ensuring fee template (FET) is accurately updated for each assigned client by communicating changes via ERM and auditing for accuracy
  • Documenting and maintaining special client procedures
  • Maintaining master client spreadsheets to reflect any changes to assigned clients

The successful candidate will benefit from having:


  • Strong Excel knowledge and experience (i.e. Pivot Tables and VLookup)
  • Analytical, problem solving, and organizational skills are required to identify and resolve issues of the assigned specialized activities.
  • Strong attention to detail
  • Self-starter with the ability to work independently
  • Wealth Management and/or previous fee knowledge preferred
  • Minimum 1-2 years’ work experience in the financial industry
Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
https://www.northerntrust.com/content/dam/northerntrust/pws/nt/images/careers/ntawards.jpg

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

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