Specialist, Fixed Income & Bank Debt, Middle Office, Hedge Fund Services

Northern Trust • Chicago, IL

60d

About The Position

Northern Trust Hedge Fund Services is a rapidly expanding Global fund administrator specializing in administering assets of complex hedge funds. The successful candidate will be an ambitious self-starter who has demonstrated the ability to function as an effective and strategic team member in a dynamic, fast-paced and demanding environment. This position will be responsible for supporting the bank loan trade closing process as well as life cycle event processing and reconciliations. The candidate is expected to deliver excellent client service daily by way of operational process execution and improvement and professional communication.

Requirements

• Ability to work independently and cooperatively within a team environment
• Client focused
• Ability to handle multiple tasks simultaneously and with accuracy
• Excellent written and oral communication skills
• Ability to meet time-sensitive deadlines with appropriate sense of urgency
• Fundamentally detail and process oriented
• Proficient in Microsoft Excel and other MS Office applications
• Bachelor's degree in finance, Accounting or related field with 3.0 GPA or higher
• 10 years of relevant operational experience supporting syndicated, leveraged and/or private loans is required

Nice To Haves

• Experience with ClearPar and Bank Loan Closing is strongly preferred and familiarity with LSTA closing documents is preferred.

Responsibilities

• Support multiple clients within a fast-paced, challenging environment
• Liaise with clients, counterparties and agents to facilitate the closing of syndicated bank loan trading activity on ClearPar.
• Verify, process and reconcile trading and lifecycle activities for syndicated and private bank loan investments
• Monitor and maintain bank debt positions to ensure accurate P&L for financial reporting
• Build and strengthen internal and external relationships

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
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Number of Employees: 501-1,000 employees