Consultant, Client Solutions, Integrated Portfolio Services (IPS)

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

Benefits offered by this job

Discretionary bonus program

Retirement benefits (401k and pension)

Paid time off

Job summary

Northern Trust is seeking a Consultant to support data administration and deliver holistic data sets for clients, ensuring accuracy across investment data, accounting impacts, and reconciliations.

You will collaborate with Data/Client Solutions partners, assist in onboarding, and train new colleagues while contributing to ongoing process enhancements in a fast-paced environment.

Qualifications

• College or University degree required.
• Experience with investment data and client servicing encouraged.
• Strong attention to detail and deadlines.

Responsibilities

• Be daily contact for operational queries including accounting.
• Review investment data: transactions, valuations, manager estimates.
• Reconcile cash, positions, performance, transactions, unfunded commitments.
• Support client onboarding and ongoing updates.
• Train new FOS partners in accounting and operations.
• Participate in process improvement discussions.

Skills

Performance measurement

Private equity ops

Investment operations

Private equity metrics

Accounting/reporting methods

Issue escalation

Microsoft Office

Prioritization & multitasking

Education

College/university degree

CFA/CAIA/CIPM/MBA progress preferred

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.

Key Responsibilities

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.

• 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

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

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