Wealth Advisor - Property & Casualty Insurance
About The Position
Northern Trust is seeking a Wealth Advisor focused on property and casualty (P&C) insurance and risk management. The role delivers wealth planning to high-net-worth individuals and families, business owners, and corporate executives. As Northern Trust Wealth Management’s P&C subject matter expert, the advisor integrates clients’ protection strategies with their broader financial, estate, and tax plans and collaborates with Wealth Advisors and client service teams to provide coordinated advice. The position establishes Northern Trust as a trusted advisor for P&C insurance and risk management within comprehensive wealth plans, develops and serves as the point of contact for P&C advisory across Wealth Management, and assesses client coverage to identify gaps, prioritize wealth-protection opportunities, and expand client relationships. It also contributes to Northern Trust’s reputation through engagement with the insurance community, thought leadership, best practices, and marketing resources. Applicants must be authorized to work in the United States without current or future employment-based visa sponsorship. Northern Trust describes its culture as flexible and collaborative, encourages internal movement, and emphasizes inclusion and community involvement.
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 coverage 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.
- Authorization to work in the U.S. without the need for employment-based visa sponsorship now or in the future.
Nice To Haves
- CAPI or CPRIA credential.
Responsibilities
- Develop advisory relationships directly with clients 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.
- Coordinate implementation 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.
- Develop and serve as the point of contact for P&C advisory across Wealth Management.
Benefits
- Retirement benefits, including a 401(k) and pension.
- Health and welfare benefits, including medical, dental, vision, spending accounts, and disability coverage.
- Paid time off.
- Parental and caregiver leave.
- Life and accident insurance.
- Other voluntary and well-being benefits.
- A discretionary bonus program that may include an equity component.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
