Consultant, Client Solutions, Integrated Portfolio Services (IPS)

Northern Trust; Chicago (IL); On-site; USD 67,000 - 113,000; Full time

Job summary

Northern Trust in Chicago, IL is seeking a Consultant to manage investment data administration and provide holistic data sets to clients.

You will review transactions, valuations, and plan income, while supporting onboarding and ongoing client updates. The role emphasizes data integrity, collaboration with FOS partners, and process improvements.

Candidates should have a college degree and familiarity with private equity metrics, ABOR/TrueNAV, and Excel.

Qualifications

• Experience with investment operations and data review, including accounting impacts.
• Understanding of private equity metrics (TVPI, DPI, PIC).
• Familiarity with IBOR, ABOR, and TrueNAV reporting methods.
• Ability to escalate issues to a supervisor when needed.
• Strong proficiency with Microsoft Excel and related tools.

Responsibilities

• Serve as daily contact for operational queries including accounting.
• Review investment data including transactions, valuations, manager estimates, and contributions.
• Reconcile cash, positions, performance, and unfunded commitments.
• Support client onboarding and foster ongoing client updates.
• Assist in training new partners in accounting and operations.
• Participate in process improvement discussions.

Skills

Investment data management

Client servicing

Microsoft Excel / Office

Attention to detail

Education

College or University degree

CFA / CAIA / CIPM / MBA (progress or completed)

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.

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.

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.

The Key Responsibilities Of The Role Include

• 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.

Required Knowledge & Skills

• 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.

The Successful Candidate Will Benefit From Having

• Client servicing experience, comfortable communicating directly with clients and client advocacy.

Qualifications

• College or University degree
• 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.

Salary Range

$66,700 - 113,300 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.