Consultant, Alternative Asset Services

The Northern Trust Company; Chicago (IL); Hybrid; USD 74,000 - 126,000; Full time

Benefits offered by this job

401k and pension

Medical benefits

Paid time off

Job summary

Northern Trust Company in Chicago is seeking a Private Capital Administration professional to support hedge fund servicing, data management, and financial reporting for sophisticated clients. You will handle processes for PE, real estate, debt funds, venture capital, and funds of funds, ensuring accuracy, timeliness, and adherence to controls.

The role emphasizes collaboration with peers and senior staff, analysis of operational data, and practical improvements to workflows within a hybrid work

Qualifications

• Bachelor's/University degree required.
• Typically 3+ years of relevant experience.
• Equivalent experience and any role-specific certifications may be considered where applicable.

Responsibilities

• Completes hedge fund servicing processes accurately and on time.
• Supports small to mid-sized, less complex clients, accounts, projects, analyses, or internal relationships within alternative asset services.
• Analyzes operational, data, performance, or reporting information and evaluates possible solutions using technical experience, judgment, and precedent.
• Monitors progress against timelines and expectations, communicates updates, and coordinates with peers and immediate managers to support timely hedge fund service delivery.

Skills

Analytical skills

Attention to detail

MS Office

Communication skills

Education

Bachelor's/University degree

Tools

Microsoft 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.

Department Overview

Private Capital Administration (PCA) provides third-party clients with comprehensive administration, financial accounting, and investor reporting services for their funds. PCA specializes in private equity (PE), real-estate, debt funds, venture capital, and fund of funds. Services include accounting for investment and divestments, investor capital calls/drawdowns and distributions, financial reporting and investor reporting.

Working Model

Hybrid

DUTIES & RESPONSIBILITIES

1. Completes assigned hedge fund servicing processes or programs accurately and on time by applying established guidelines, policies, procedures, and priorities.
2. Supports small to mid-sized, less complex clients, accounts, projects, analyses, or internal relationships within alternative asset services.
3. Analyzes operational, data, performance, or reporting information and evaluates possible solutions using technical experience, judgment, and precedent.
4. Monitors progress against timelines and expectations, communicates updates, and coordinates with peers and immediate managers to support timely hedge fund service delivery.
5. Applies understanding of key business drivers and functional objectives to support accurate data management, performance reporting, and operational execution.
6. Reviews data, documents, transactions, reconciliations, or project activities for accuracy, completeness, consistency, and adherence to established controls.
7. Contributes to team performance by sharing information, coordinating activities, and following through on deliverables that support hedge fund servicing outcomes.
8. Builds tactical working relationships with peers, immediate managers, and related teams, with some exposure to senior staff as needed.
9. Identifies opportunities to improve workflows or existing processes and supports practical solutions that enhance efficiency, consistency, control, or service quality.
10. May provide informal guidance to new team members on processes, tools, and day-to-day work while remaining accountable for individual contributions.
11. Performs all duties according to established policies, procedures and regulatory requirements.

KNOWLEDGE/SKILLS

• Expanded conceptual knowledge of principles, practices, procedures, and systems within own job discipline.
• Ability to solve problems in straightforward situations by analyzing options and applying technical experience, judgment, and precedent.
• Understanding of key business drivers and how own work supports team, functional, or client objectives.
• Ability to influence timelines, expectations, and work outcomes within the function through effective coordination and follow-through.
• Strong analytical and organizational skills, with attention to detail and the ability to manage multiple priorities within established guidelines.
• Effective written and verbal communication skills for building tactical relationships with peers, immediate managers, and other stakeholders.
• Ability to work independently on assigned responsibilities while collaborating effectively with others across the team or function.
• Ability to identify process improvement opportunities and support implementation of practical, policy-aligned solutions.
• Proficiency with Microsoft Office tools and other job-related systems used to support processes, programs, and reporting.

EDUCATION/EXPERIENCE

• Bachelor's/University degree required.
• Typically 3+ years of relevant experience.
• Equivalent experience and any role-specific certifications or licenses may be considered where applicable.

Salary Range

$74,200 - 126,200 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 discretionar