Analyst, HFS

ntrs; Chicago (IL); On-site; USD 48,000 - 72,000; Full time

Job summary

Northern Trust in Chicago seeks a proactive professional to support Private Credit portfolios within Hedge Fund Services. You will handle bank loan trade closing and lifecycle processing, delivering reliable client service in a fast-paced environment.

You will liaise with clients and counterparties, verify and reconcile activities, and help maintain accurate P&L for financial reporting while building strong internal and external relationships.

Qualifications

• Ability to work independently and as part of a team.
• Client-focused service with strong communication skills.
• Ability to manage multiple tasks with precision and within deadlines.

Responsibilities

• Support multiple clients in a fast-paced environment.
• Liaise with clients, counterparties and agents to close syndicated bank loan trading activity on ClearPar.
• Verify, process and reconcile trading and lifecycle activities.
• Monitor and maintain bank debt positions for accurate P&L reporting.
• Build and strengthen internal and external relationships.

Skills

Independent working

Client focused

Multitasking

Written and verbal communication

Time management

Detail oriented

Excel

Education

Bachelor's degree in Finance, Accounting or related field

Tools

ClearPar

MS Office

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Summary:

Northern Trust Hedge Fund Services is a rapidly expanding global fund administrator specializing in administering assets of complex hedge funds, private equity funds and CLOs. 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 Private Credit portfolios of our fund administration and middle office clients. The functions include bank loan trade closing and trade management processing as well as both lifecycle event processing and reconciliations. The candidate is expected to deliver excellent client service daily by way of operational process execution, market and product knowledge and professional communication.

Key Duties and 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 life cycle activities
• Monitor and maintain bank debt positions to ensure accurate P&L for financial reporting
• Build and strengthen internal and external relationships

Knowledge / Skills:

• 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

Experience:

• Bachelor's degree in Finance, Accounting or related field with 3.0 GPA or higher
• Operations experience in financial services industry or relevant proven work experience is preferred

Salary Range:

$48,000 - 72,000 USD 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.

Work Authorization

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).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail] , or alternatively you can discuss your individual requirements with the recruiter you are working with.