Consultant, Alternative Asset Services

Northern Trust • Chicago, IL

11d • $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 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, financial reporting, and investor reporting.

The Consultant completes assigned hedge fund servicing processes accurately and on time, using established policies, procedures, and controls. The role supports small to mid-sized, less complex clients and work, analyzes operational and reporting information, reviews data and transactions, coordinates delivery with colleagues and managers, and contributes to process improvements. The position is hybrid, with time split between the office and home.

Requirements

• Bachelor’s/University degree required.
• Typically 3+ years of relevant experience.
• Expanded conceptual knowledge of principles, practices, procedures, and systems within the job discipline.
• Ability to solve straightforward problems by analyzing options and applying technical experience, judgment, and precedent.
• Understanding of key business drivers and how individual 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 with others.
• Proficiency with Microsoft Office tools and other job-related systems used to support processes, programs, and reporting.
• Must be authorized to work in the U.S. without current or future employment-based visa sponsorship.

Nice To Haves

• Equivalent experience and role-specific certifications or licenses may be considered where applicable.

Responsibilities

• Complete assigned hedge fund servicing processes or programs accurately and on time in accordance with 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 understanding of key business drivers and functional objectives to support accurate data management, performance reporting, and operational execution.
• Review data, documents, transactions, reconciliations, or 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 tactical working relationships with peers, immediate managers, and related teams, with some exposure to senior staff as needed.
• Identify workflow or process improvement opportunities 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 when needed.
• Perform duties in accordance with established policies, procedures, and regulatory requirements.

Benefits

• Retirement benefits, including 401(k) and pension.
• Health and welfare benefits, including medical, dental, vision, spending accounts, and disability coverage.
• Paid time off.
• Parental and caregiver leave.
• Life and 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: Mid Level