Consultant, Client Solutions, Integrated Portfolio Services (IPS)

Northern Trust Corp; Chicago, Northern (IL, KY); Hybrid; USD 67,000 - 113,000; Full time

Job summary

Northern Trust seeks a skilled consultant to manage investment data administration and provide holistic data sets for client requirements. You will act as the daily contact for operational questions and perform initial reviews of investment data, including transactions, valuations, and plans.

You will support onboarding, onboarding analytics, and ongoing process improvements while collaborating with data partners.

Qualifications

• Experience with complex asset owners and investment operations.
• Understanding of accounting/reporting methods (IBOR, ABOR, TrueNAV).
• Ability to prioritize, multi-task, and meet deadlines.

Responsibilities

• Serve as daily point of contact for operational queries and data reviews.
• Review investment data, valuations, plan items, and exposures.
• Support onboarding and client discovery sessions, setting expectations.
• Assist in training new partners and contribute to process improvements.

Skills

Performance measurement

Alternative assets

Investment operations

Accounting methods

Attention to detail

Microsoft Office

Education

College or University degree

Advanced credentials (CFA, CAIA, CIPM, MBA) preferred

Tools

Excel

IBOR/ABOR knowledge

TrueNAV

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.

Role Overview

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.

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

Salary Range: $66,700 - 113,300 USD Salary range is a good faith estimate of base pay.

Benefits

• 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.

Terms and Conditions

Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

APAC/INDIA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status.

EEO Know Your Rights (U.S.)