Assoc Spec, Fund Admin, HFS

Northern Trust • Chicago, IL

8d • Remote

About The Position

About Northern Trust: Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. The Northern Trust Company seeks an Assoc Specialist, Fund Admin, HFS to review monthly/quarterly fund investor allocations, management fee, incentive fee calculations, waterfall models. Review fund documents in order to interpret and execute allocation requirements. Build allocation models to support bespoke fund and client requirements. Work directly with clients, including CFOs and fund controllers, for onboarding, monthly/quarterly deliverables, and escalations. Serve as a client escalation point for issues, providing direction and judgment calls for internal team while providing necessary client communication to resolve external issue. Collaborate with other team members to build scalable operations to meet the service needs of a large portfolio of clients. Work closely with technology resources to troubleshoot issues and scope new or desired functionality. #LI-DNI Position requires a Bachelor’s degree in Finance, Business Administration, Accounting or a related field and 5 years of experience with fund administration. In lieu of a bachelor’s degree in finance, Business Administration, Accounting or a related field and 5 years of experience with fund administration, employer will accept 7 years of experience with fund administration. Experience must include a minimum of 5 years of experience with reviewing monthly and quarterly fund investor allocations; 5 years of experience calculating and reviewing management fees, incentive fee calculations, and waterfall models; 5 years of experience reviewing and analyzing fund documents in order to interpret and execute allocation requirements; and 5 years of experience with working with Excel and MS Office. Telecommuting benefit available. #LI-DNI JOB LOCATION: Chicago, IL. Rate of Pay: $107,349.00 - 162,400.00 per year. To apply, please visit https://careers.northerntrust.com and enter job requisition number R151228 when prompted. Alternatively, please send your resume, cover letter, and a copy of the ad to: G. Duggan, 181 W. Madison, Chicago, IL 60602. Salary Range: $107,349.00 - 162,400.00 Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including 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, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component. Working with Us: As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose. We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater Reasonable accommodation Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected]. We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater. Looking for greater? You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies. Terms and Conditions Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information. APAC/INDIA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development. Canada EEO STATEMENT Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance. EMEA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development. USA EEO STATEMENT It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.)

Requirements

• Bachelor’s degree in Finance, Business Administration, Accounting or a related field and 5 years of experience with fund administration. In lieu of a bachelor’s degree in finance, Business Administration, Accounting or a related field and 5 years of experience with fund administration, employer will accept 7 years of experience with fund administration.
• 5 years of experience with reviewing monthly and quarterly fund investor allocations
• 5 years of experience calculating and reviewing management fees, incentive fee calculations, and waterfall models
• 5 years of experience reviewing and analyzing fund documents in order to interpret and execute allocation requirements
• 5 years of experience with working with Excel and MS Office

Responsibilities

• Review monthly/quarterly fund investor allocations, management fee, incentive fee calculations, waterfall models.
• Review fund documents in order to interpret and execute allocation requirements.
• Build allocation models to support bespoke fund and client requirements.
• Work directly with clients, including CFOs and fund controllers, for onboarding, monthly/quarterly deliverables, and escalations.
• Serve as a client escalation point for issues, providing direction and judgment calls for internal team while providing necessary client communication to resolve external issue.
• Collaborate with other team members to build scalable operations to meet the service needs of a large portfolio of clients.
• Work closely with technology resources to troubleshoot issues and scope new or desired functionality.

Benefits

• Northern Trust provides a comprehensive benefits package including 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, and other voluntary and well-being benefits.
• Northern Trust also provides a discretionary bonus program that may include an equity component.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees