Consultant, Alternative Asset Services

Northern Trust•Chicago, IL

10d•$74,200 - $126,200•Hybrid

About The Position

Northern Trust’s Private Capital Administration (PCA) provides third-party clients with administration, financial accounting, and investor reporting services for private equity, real-estate, debt, venture capital, and fund-of-funds investments. Services include accounting for investments and divestments, investor capital calls and distributions, and financial and investor reporting. The Consultant completes assigned hedge fund servicing work by applying established guidelines, policies, procedures, and priorities. The role supports smaller to mid-sized, less complex clients and activities; analyzes operational, data, performance, and reporting information; and reviews records and transactions for accuracy and control compliance. The Consultant coordinates with peers and managers to meet service timelines, contributes to team outcomes, and identifies practical opportunities to improve processes. The position may also include informal guidance to new team members. This is a hybrid role, with time split between the office and working from home. Applicants must be authorized to work in the United States without employment-based visa sponsorship, now or in the future.

Requirements

Bachelor’s or university degree required.
Typically 3 or more years of relevant experience.
Expanded conceptual knowledge of principles, practices, procedures, and systems within the job discipline.
Ability to analyze options and solve straightforward problems using technical experience, judgment, and precedent.
Understanding of key business drivers and how assigned work supports team, functional, or client objectives.
Strong analytical and organizational skills, attention to detail, and ability to manage multiple priorities within established guidelines.
Effective written and verbal communication skills.
Ability to work independently on assigned responsibilities and collaborate effectively across the team or function.
Ability to coordinate timelines, expectations, and work outcomes and follow through effectively.
Proficiency with Microsoft Office tools and other job-related systems used for processes, programs, and reporting.
Must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.

Nice To Haves

Equivalent experience may be considered in place of the stated education or experience, where applicable.
Role-specific certifications or licenses may be considered, where applicable.

Responsibilities

Complete assigned hedge fund servicing processes or programs accurately and on time, following established guidelines, policies, procedures, and priorities.
Support small to mid-sized, less complex clients, accounts, projects, analyses, or internal relationships within alternative asset services.
Analyze operational, data, performance, or reporting information and evaluate possible solutions using technical experience, judgment, and precedent.
Monitor progress against timelines and expectations, communicate updates, and coordinate with peers and immediate managers to support timely service delivery.
Apply an understanding of key business drivers and functional objectives to support accurate data management, performance reporting, and operational execution.
Review data, documents, transactions, reconciliations, and project activities for accuracy, completeness, consistency, and adherence to established controls.
Share information, coordinate activities, and follow through on deliverables that support team performance and servicing outcomes.
Build working relationships with peers, immediate managers, and related teams, with exposure to senior staff as needed.
Identify opportunities to improve workflows or processes and support practical solutions that enhance efficiency, consistency, control, or service quality.
Provide informal guidance to new team members on processes, tools, and day-to-day work as needed.
Perform duties according to established policies, procedures, and regulatory requirements.