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.
About The Role :
The Consultant Insurance Services post, reporting through Northern Trust Services and part of the Enterprise Financial Planning & Analysis function, will aid in the strategic planning, development, organization, execution, implementation, data gathering and application of the Northern Trust suite of corporate insurance programs. The individual will manage/maintain property lists, tracks assets, and communicate with NT partners with insurance lease provisions, vendor service agreements (collaborating with Procurement as necessary) and insurance compliance with local regulatory bodies and requirements. He/she will serve as a local point of contact to collect underwriting data, compare insurance coverage terms and conditions, review quotes and policies for accuracy, identify coverage gaps and provide evidence of insurance per client’s requests. They will work with insurance brokerage representatives and intermediaries and may be called upon to explain insurance terms and concepts to local partners. The candidate will be called upon to strengthen the group’s internal governance processes relative to claim reporting practices and respond to regulatory, client and audit requests. The ideal candidate will manage the function’s insurance dashboard and may assume escalating responsibilities based on performance, aptitude, and business needs.
This individual will also assist the Trust Real Estate Insurance risk manager on insurance program renewals, program maintenance and policy placement.
Responsibilities / Duties :
Assist with the insurance renewal activities with insurance broker
Maintain insurance schedule and updates underwriting data for changes
Collaborate with internal (Northern Trust Finance) and external parties to ensure insurance coverages are invoiced timely and policies updated in the document repository
Advise insurers of incidents and potential claims pursuant to policy provisions
Review property reports, verify insurance coverage for accuracy, and confirm inclusion on Master Global insurance programs as needed
Maintain insurance dashboard
Submit funding requests, assist with premium allocations and process policy endorsements in software applications (Yardi)
Skills/ Experience Required :
General understanding of the insurance industry
Excellent analytical, organizational, and oral and written communication skills
Ability to prepare clear, comprehensive, written and verbal reports for senior management
Ability to appropriately prioritize and execute projects in a timely manner
Ability to analyze and interpret contract language, including insurance policy provisions
Ability to analyze complex issues, review alternatives, and develop sound recommendations
Ability to work well independently and in a team environment
Possess working knowledge of MS office (MS Word, MS Excel, and Powerpoint) applications Power BI and Python experience a plus
Ability to manage a wide variety of tasks from start to finish
ARM or CPCU insurance designation (or the International equivalent) a plus
Experience with analytics, visualization, document management, AI, and automation software applications
Travel : As needed (less than 10% per year)
Work Authorization
Applicants must have…