Wealth Advisor - Property & Casualty Insurance

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Northern Trust Institute / Wealth Advisor, Property & Casualty Insurance

Deliver wealth planning to high-net-worth individuals and families, business owners and corporate executives, with a specialized focus on property and casualty (P&C) insurance and risk management. Serve as the Northern Trust (NT) Wealth Management subject matter expert on personal and commercial P&C exposures, integrating clients’ protection strategies with their broader financial, estate and tax plans. Collaborate with the Wealth Advisor and client service team to deliver coordinated advice.  Engage with insurance community to advance NT’s brand and reputation. 

Strategy:

- Position NT as a trusted advisor for P&C insurance and risk management within comprehensive wealth plans

- Own, develop and serve as point of contact for P&C advisory across Wealth Management

- Assess client coverage, identify gaps, prioritize opportunities to protect and preserve wealth, and expand client relationships

Responsibilities include:

• Work directly with clients to develop advisory relationships and gather information on financial circumstances, goals, risk tolerance and capital requirements
• Analyze clients’ existing P&C programs, including homeowners, auto, collections, umbrella and excess liability, watercraft, aviation and commercial coverage for business owners
• Counsel clients on coverage adequacy, liability exposure, emerging risks and the tradeoffs of retaining versus transferring risk
• Facilitate implementation in coordination with clients’ insurance brokers, attorneys, CPAs and other specialists
• Identify opportunities to expand client relationships and cross-sell NT products and services, partnering with relationship managers
• Prepare and deliver client presentations and marketing materials
• Mentor Associate Wealth Advisors and share P&C expertise with NT partners
• Contribute to NT thought leadership, best practices and marketing resources
• Cultivate professional advisor relationships, including insurance agents and brokers, through conferences and networks

Experience:

• BA or BS
• CAPI or CPRIA preferred
• 7-10 years in wealth planning, insurance or risk management, with P&C expertise and some consulting experience
• Strong understanding of high-net-worth personal and commercial P&C coverages and carrier markets
• Proven ability to work independently, manage multiple projects, and collaborate with internal and external partners; strong analytical skills
• Excellent written and oral communication skills

Salary Range:

$114,500 - 194,700 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

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 committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.