Analyst, Alt Investments

Northern Trust • Chicago, IL

1d • Onsite

About The Position

The Analyst within Alternative Asset Servicing (AAS) supports the servicing, accounting, valuation, and transaction processing of alternative investments, with a primary focus on Private Equity limited partnerships. This role acts as a key liaison between client relationship managers, general partners, investment managers, and internal Northern Trust teams, ensuring accurate processing, valuation reporting, and timely resolution of inquiries. The position operates in a fast‑paced, time‑sensitive environment, requiring strong analytical skills, attention to detail, and effective communication across multiple stakeholders.

Requirements

• Strong oral and written communication skills.
• Working knowledge of Microsoft Office
• Demonstrated analytical and problem‑solving abilities.
• Strong organizational skills and the ability to manage high transaction volumes.
• Ability to work effectively in a team‑based, deadline‑driven environment.
• Knowledge of capital markets, with exposure to: Private Equity Hedge Funds Commingled Funds Valuation reporting Reconciliation principles
• Practical understanding of finance and accounting concepts preferred.
• Knowledge of securities operations and rules governing security and cash movement preferred.
• Bachelor’s degree required.
• Emphasis in Finance, Accounting, or related business discipline preferred.

Responsibilities

• Serve as the operational contact for client relationship managers regarding alternative investment inquiries.
• Monitor, research, resolve, and respond to internal and external inquiries, including those from clients, auditors, fund managers, and internal partners.
• Pull, interpret, and analyze data to ensure client valuation expectations and reporting standards are met.
• Provide guidance and solutions to partners while escalating complex issues to supervisors or subject‑matter experts as appropriate.
• Reconcile and update monthly and quarterly valuations provided by general partners against Northern Trust systems.
• Proactively locate and review fund statements, capital activity, and supporting documentation.
• Ensure timely and accurate valuation updates for private equity and other alternative asset types.
• Identify valuation discrepancies and follow issues through to resolution.
• Process limited partnership transactions, including capital calls, distributions, income, and fee activity, for corporate, institutional, and PFS clients.
• Monitor transaction activity within Northern Trust systems and databases to ensure accurate categorization and posting.
• Communicate with general partners, investment managers, account administrators, and internal partners regarding discrepancies, special procedures, or clarifications.
• Support cash movements, including the use of cash movement systems to produce and receive wires to and from partnership banks.
• Identify errors affecting accounts, make necessary corrections, and follow through until fully resolved.
• Verify all transactions are processed correctly so client data is accurate and available within scheduled reporting timeframes.
• Manage assigned daily tasks to ensure day‑to‑day deliverables and service level expectations are met.
• Work efficiently under time‑sensitive constraints in a team‑oriented environment.
• Consistently review and assess processes to identify efficiency improvements and risk reduction opportunities.
• Actively participate in department projects, initiatives, audits, and system enhancements.
• Provide assistance to Technical Coordinators as required.

Benefits

• 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
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

What This Job Offers

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