Consultant, Client Solutions, Integrated Portfolio Services (IPS)

Northern Trust • Chicago, IL

1d • $66,700 - $113,300 • Onsite

About The Position

The Consultant supported by a team of Data/Client Solutions partners will be responsible for investment data administration and providing clients with the holistic data sets which they need to fulfil their various stakeholder requirements.

Requirements

• Experience working with complex asset owners in one or more of the following fields: Performance measurement (attribution, liquidity, and exposures), Alternative asset or private equity operations, Investment operations (fund or investment accounting)
• Demonstrated understanding of private equity transactional impacts on unfunded commitments, market value, cost, and other metrics typically associated with private equity (TVPI,DPI, PIC, etc.).
• Understanding of accounting/reporting methods, including IBOR, ABOR, TrueNAV, to support complete and accurate data capture.
• Understanding of instances when issues need to be escalated to a supervisor.
• Proficient in use of Microsoft suite of applications
• Ability to prioritize, multi-task, and perform effectively under deadlines.
• Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Nice To Haves

• Client servicing experience, comfortable communicating directly with clients and client advocacy.
• Completion (or progress towards) of advanced credentials (CFA, CAIA, CIPM, MBA) preferred.
• Genuine desire and capability to work in a fast-paced, professional, inclusive environment which requires teamwork, well-honed problem-solving skills, frequent re-prioritization, deadline management, ongoing and comprehensive communication, constant attention to detail, and a commitment to continuous improvement and best practices.

Responsibilities

• Acts as daily point of contact for operational queries including accounting and general operational queries.
• Acts as point of initial review for all investment data. Includes review of (but not limited to): Investment transactions, Investment valuations, Manager estimates, Plan income / expense items, Plan contributions / spending withdrawals, Underlying manager exposure data, Benchmark data.
• Responsible for supporting data management with respect to transactional impacts on accounting, realized gain/loss, cost, etc.
• Responsible for secondary review of all investment reconciliations. Includes reconciliation of cash, positions, performance, transactions and unfunded commitment.
• Supports client onboarding including initial client discovery sessions, project planning, setting client expectations and facilitating continuous client updates throughout the onboarding process.
• Assists in training new FOS partners in the accounting and operational space.
• Participates in ongoing process improvement discussions.

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: Mid Level
• Education Level: Associate degree