Consultant, Fund Administration, Integrated Portfolio Services (IPS)

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

Job summary

Northern Trust in Chicago, IL is seeking a Consultant in Fund Administration under IPS to join Hedge Fund Services. The role involves daily reconciliations, issue resolution with internal groups and clients, and driving efficiency and control improvements.

Ideal candidates have 2-3 years' experience, strong Excel skills, excellent communication, and a mindset for data integrity. Python knowledge is preferred, supporting project work within a global team.

Qualifications

• 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.
• Proficient in Microsoft Excel and other MS Office applications.
• Python knowledge preferred.

Responsibilities

• Daily reconciliation of transactions and positions for various products and reconcile breaks.
• Analyze security and cash position differences related to reconciliations.
• Engage with internal teams and clients to resolve issues and meet SLAs.
• Review reconciliations and execute controls on a daily basis.
• Assist with projects to increase efficiency and strengthen controls.

Skills

Excel proficiency

Python knowledge

Project management

Excellent communication

Independent yet collaborative

Education

Bachelor's degree

Tools

MS Excel

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.

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

#LI-HY

#LI-CL1

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.