Consultant, Alternative Asset Services

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

Benefits offered by this job

401(k) and pension

Health and welfare benefits

Paid time off

Well-being benefits

Job summary

Northern Trust Corp. is seeking a Consultant in Chicago to support Private Capital Administration hedge fund servicing. The role entails handling assigned processes, client support, data management, and performance reporting within a hybrid work model.

Required are a Bachelor’s degree and typically 3+ years of relevant experience. Strong analytical, communication, and teamwork skills are essential to deliver accurate results and collaborate across teams.

Qualifications

• Bachelor’s/University degree required.
• Typically 3+ years of relevant experience.
• Hybrid work arrangement.

Responsibilities

• Completes hedge fund servicing processes accurately and on time.
• Supports small to mid-sized, less complex clients and projects.
• Analyzes operational, data, performance, or reporting information and evaluates solutions.
• Monitors timelines, communicates updates, and coordinates with peers and managers.
• Applies understanding of business drivers to data management and reporting.
• Reviews data, documents, transactions, and reconciliations for accuracy and controls.
• Contributes to team performance by sharing information and coordinating efforts.
• Builds working relationships with peers and senior staff as needed.
• Identifies opportunities to improve workflows and implement practical solutions.
• May guide new team members on processes and tools with accountability for contributions.
• Follows established policies, procedures and regulatory requirements.

Skills

Analytical skills

Attention to detail

Verbal communication

Independent worker

Team collaboration

Education

Bachelor's degree

Job description

Consultant, Alternative Asset ServicesPlease view Northern Trust's cookie policy here.# NT Careers## Consultant, Alternative Asset ServicesApply: Chicago, IL: Full time: Posted Today: R163438**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:** HybridWe have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home. **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.-#LI-Hybrid-#LI-GG1Salary 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 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.