Wealth Advisor - Property & Casualty Insurance

Northern Trust • Chicago, IL

13d • $114,500 - $194,700

About The Position

The Wealth Advisor, Property & Casualty Insurance delivers wealth planning to high-net-worth individuals and families, business owners, and corporate executives, specializing in property and casualty (P&C) insurance and risk management. The role serves as Northern Trust Wealth Management’s subject matter expert on personal and commercial P&C exposures, integrating protection strategies with clients’ broader financial, estate, and tax plans. The advisor collaborates with Wealth Advisors and client service teams to provide coordinated advice and engages with the insurance community to advance Northern Trust’s brand and reputation.

The role positions Northern Trust as a trusted advisor on P&C insurance and risk management within comprehensive wealth plans; owns and develops P&C advisory services across Wealth Management; assesses client coverage, identifies gaps, prioritizes opportunities to protect and preserve wealth, and supports the expansion of client relationships.

Requirements

• Bachelor of Arts or Bachelor of Science degree.
• 7–10 years of experience 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.
• Ability to work independently, manage multiple projects, and collaborate with internal and external partners.
• Strong analytical skills.
• Excellent written and oral communication skills.
• Applicants must be authorized to work in the U.S. without employment-based visa sponsorship now or in the future.

Nice To Haves

• CAPI or CPRIA certification preferred.

Responsibilities

• Work directly with clients to develop advisory relationships and gather information about their 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 Northern Trust products and services in partnership with relationship managers.
• Prepare and deliver client presentations and marketing materials.
• Mentor Associate Wealth Advisors and share P&C expertise with Northern Trust partners.
• Contribute to Northern Trust thought leadership, best practices, and marketing resources.
• Cultivate professional advisor relationships, including with insurance agents and brokers, through conferences and networks.

Benefits

• Retirement benefits, including a 401(k) and pension.
• Health and welfare benefits, including medical, dental, vision, spending accounts, and disability benefits.
• Paid time off.
• Parental and caregiver leave.
• Life and accident insurance.
• Other voluntary and well-being benefits.
• Discretionary bonus program that may include an equity component.
• Flexible and collaborative work culture.
• Movement within the organization is encouraged, and senior leaders are accessible.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior