Unique Asset Manager

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Job Summary

The Wealth Unique Asset Manager is responsible for the administration, oversight, and risk management of unique assets titled or registered to accounts where ONB has fiduciary responsibility, including trusts, estates and guardianships. The position's primary focus is fiduciary real estate, while also administering closely held businesses, mineral interests, oil and gas interests, and other specialty assets. This position will manage a portfolio of unique assets in accordance with fiduciary responsibilities, governing document provisions, regulatory requirements, and ONWM policies and procedures.

This position will report to the Senior Manager - Wealth Unique Assets Group and partner with Trust and Wealth Advisors and other colleagues across Wealth, Banking, Risk, Legal, and external centers of influence. This position requires a high level of technical knowledge regarding the valuation, management, registration, leasing, acquisition, disposition, inspection, and risk oversight of unique assets, together with a broad understanding of wealth management services.

Salary Range

The salary range for this position is $79,400/Yr. - $156,000/Yr.. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.

Key Accountabilities

Administer a diversified portfolio of unique assets held in trust, estate, and other fiduciary relationships.

• Serve as the primary asset management resource for fiduciary real estate holdings, including agricultural, commercial, residential, and special-purpose properties.

• Analyze and monitor closely held business interests, including review of financial performance, governance matters, operating risks, liquidity considerations, and strategic opportunities.

• Coordinate asset management activities associated with mineral, oil and gas, royalty, and other specialty asset interests.

• Complete asset reviews and develop recommendations regarding retention, disposition, leasing, restructuring, development, or other management actions.

• Coordinate and conduct inspections to evaluate condition, performance, risk exposure, and overall suitability.

• Monitor insurance, taxes, valuations, environmental matters, contractual obligations, and regulatory requirements associated with unique asset holdings.

• Maintain required documentation and compliance with fiduciary procedures for unique assets.

• Coordinate valuations, property sales, acquisitions, exchanges, leasing activities, and significant capital improvement projects.

• Engage and oversee third-party professionals including brokers, appraisers, property managers, consultants, attorneys, accountants, engineers, and environmental specialists.

• Identify, assess, and communicate risks related to ownership, operations, market conditions, environmental concerns, valuation changes, business performance, and fiduciary responsibilities.

• Resolve complex asset issues, including matters involving asset ownership, leasing, maintenance, valuation, sale and environmental risk.

• Prepare committee presentations and recommendations to support fiduciary decision-making.

• Achieve negotiated performance standards, which may include timely real estate reviews and inspections, audit and examination results, compliance testing, client satisfaction, and other assigned metrics.

Qualifications and Education Requirements

• Bachelor's degree required; graduate degree (e.g., JD or MBA) or professional licenses (e.g., CTFA, CFP, CPA) preferred.

• Five or more years of experience in fiduciary administration, real estate asset management, commercial or agricultural real estate, business analysis, valuation, trust administration, or related disciplines.

• Must possess strong relationship building skills including verbal and written communication skills.

• Advanced working knowledge of fiduciary unique asset administration, including valuation, property inspections, insurance, environmental risk, leasing, property management, acquisitions, dispositions, and vendor oversight.

• Operate effectively in an environment that stresses both individual accountability and team-based performance.

• Thorough working knowledge of computer systems including Microsoft Office, Word, Excel, and PowerPoint, as well as familiarity with CRM tools and trust accounting systems.

• Position is initially posted in Chicago and may require physical presence for property inspections, court appearances, office meetings, client engagements, and transaction-related activities.

Key Measures of Success/Key Deliverables:

• Prudent, timely, and well-documented administration of fiduciary real estate and other unique assets

• Timely completion of real estate reviews, inspections, valuations, risk remediation, and required reporting

• Effective partnership with Trust Officers, internal stakeholders, clients, and external real estate professionals

• Strong audit, examination, compliance, and client service outcomes

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, to fill a specific position

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank. Join our team!