Analyst, Alt Investments

Northern Trust • Tempe, AZ

2d

About The Position

Northern Trust is seeking a detail-oriented and highly motivated Reconciliation Analyst to join its Alternative Investments Syndicated Bank Loans Team. The role supports accurate position data by reconciling Northern Trust’s records with those of Investment Managers and third-party vendors. It also processes pending trades and capitalized interest transactions to help maintain the accuracy and integrity of loan activity and balances. This position is suited to someone seeking to build a foundation in financial operations in a dynamic, high-accountability environment.

The position works to a schedule congruent with Chicago office hours, with a start time of 6:30 a.m. or 7:30 a.m. depending on Daylight Savings. Applicants must be authorized to work in the U.S. without current or future employment-based visa sponsorship.

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• Excellent attention to detail and strong analytical and problem-solving skills.
• Effective verbal and written communication skills.
• Proficiency in Microsoft Excel and general Office applications.
• Ability to manage time effectively, prioritize tasks, and work under deadlines.
• Strong sense of ownership, initiative, and accountability.
• Authorization to work in the U.S. without the need for employment-based visa sponsorship now or in the future.

Nice To Haves

• Internship, work, or academic experience in finance, accounting, loan servicing, or trade operations.

Responsibilities

• Perform daily position reconciliations across assigned accounts using internal reconciliation tools and Microsoft Office applications.
• Research, identify, and resolve position breaks and exceptions between Northern Trust, Investment Managers, and vendor data.
• Respond promptly and professionally to internal and external email inquiries.
• Process and validate pending trades and capitalized interest transactions to ensure timely and accurate updates to loan positions.
• Collaborate with Investment Managers and internal departments, including accounting and client services, to address breaks and data discrepancies.
• Document reconciliation findings and resolution steps, and track outstanding issues.
• Assist with special projects and process improvement initiatives as assigned.
• Develop fluency in internal systems, proprietary software, and reconciliation tools to support daily workflows.

What This Job Offers

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