Consultant, Fund Administration, Integrated Portfolio Services (IPS)

Northern Trust; Chicago (IL); On-site; USD 74,000 - 126,000; Full time

Job summary

Northern Trust is seeking a Consultant for Fund Administration in IPS to manage daily reconciliations across multiple asset classes. The role requires analytical thinking, strong Excel and Python knowledge, and the ability to work within tight SLAs while coordinating with global teams.

The successful candidate will collaborate with Shared Services, clients, and tech groups to enhance efficiency and controls, delivering accurate results and data integrity across locations.

Qualifications

• Bachelor’s degree and 2–3 years of experience preferred.
• Strong oral and written communication are required.
• In-depth functional/industry knowledge preferred.
• Highly flexible and adaptable to change.
• Able to work under tight SLA schedules and manage multiple tasks.
• Proficient in Excel and MS Office applications.
• Python knowledge preferred.
• Project management experience.
• Excellent analytical, organizational and problem-solving skills.
• Ability to work independently and in a team.
• Client focused.

Responsibilities

• Daily reconciliation of transactions and positions for equities, futures, fixed income and OTC products, and disseminate results to Shared Services Groups.
• Analyze security and cash position differences related to reconciliations.
• Engage with internal Shared Service Groups, Client and Primary Admin streams to resolve breaks and SLA issues.
• Perform daily review of reconciliations and execute controls.
• Assist with projects to increase efficiency and improve controls.
• Collaborate with in-house tech resources to solve problems and improve processes.
• Work with extended teams across locations and share information while maintaining data integrity.

Skills

Excel

Python

Communication

Analytical

Project management

Teamwork

SLA adherence

Attention to detail

Client focus

Education

Bachelor's degree or equivalent

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.

Consultant, Fund Administration, Integrated Portfolio Services (IPS)

Summary

The job involves working for Northern Trust Hedge Fund Services, a Global fund administrator, specializing in administering assets of complex hedge funds. The successful candidate will be an ambitious self-starter who has demonstrated the ability to function as an effective and strategic member in a dynamic, fast-paced and demanding environment.

Key Duties And Responsibilities

• Daily reconciliation of transactions and positions for Equities, Futures, Fixed Income Products, different OTC products etc. and disseminate the right results to relevant Shared Services Groups
• Analyzes and understands all security and cash position differences related to reconciliations
• Actively engage with different internal Shared Service Groups (SSGs), Client and Primary Admin stream to timely resolve any open breaks, issues and provide timely updates for any inquiries and SLA issues to every stakeholder(s) involved
• Perform daily review of reconciliations and execute controls
• Assist with project work related to increasing efficiency and improving control environment
• Work closely with in house technology resources to problem solve and improve processes that increase scalability and bring in right controls and efficiency in the process
• Actively work with the extended teams at different geographical locations and provide the best possible information and training all while maintaining the highest level of data integrity

Knowledge / Skills

• A College or University degree and 2-3 years of work experience preferred.
• Excellent oral and written communication skills are required
• In-depth Functional / Industry Knowledge is preferred
• Highly flexible and adaptable to change
• Able to work in tight SLA schedules and able to manage multiple tasks without losing focus
• Proficient in Microsoft Excel and other MS Office applications
• Python knowledge preferred
• Project management experience
• Excellent analytical, organizational and problem-solving skills
• Ability to work independently and cooperatively within a team environment
• Client focused

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 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.