Series LLC & Private Markets Product Lead

Northern Trust; Chicago (IL); On-site; USD 100,000 - 169,000; Full time

Benefits offered by this job

401k and pension

Medical, dental, vision benefits

Paid time off

Parental leave

Discretionary bonus

Job summary

Northern Trust is seeking a Senior Private Markets Product Manager to own the Series LLC offering and drive end-to-end product management across launches, onboarding, and servicing for private markets. You will collaborate with Investments, Distribution, Operations, Legal, and Compliance to ensure scalable, governed products that meet client needs.

You will lead governance, pricing, and reporting while managing external relationships with fund administrators and service providers.

Qualifications

• Bachelor’s degree in finance, accounting, economics, business, or a related field.
• MBA, CFA, CAIA, or comparable advanced qualification preferred.
• Minimum 5 years’ related experience in investment product management, product development, fund operations, fund administration, or alternative investments and experience with private funds, Series LLC structures, private equity, private credit, or other private-market products.
• Strong understanding of the investment product lifecycle, including development, launch, onboarding, operations, governance, and ongoing management.

Responsibilities

• Own the Series LLC offering across its lifecycle and lead the launch and implementation of new Series.
• Coordinate investment, operational, legal, compliance, regulatory, tax, and investor onboarding requirements.
• Oversee subscriptions, investor qualification, account establishment, funding, reporting, and ongoing servicing.
• Partner with fund administrators and internal teams on NAVs, expense allocations, investor activity, cash movements, and lifecycle events.
• Drive scalable processes, controls, and operating practices across Series formation and ongoing management.
• Partner with Investments and Distribution to identify and develop private-market products aligned with client needs.
• Support product design and structuring across private equity, private credit, and other alternative strategies.
• Evaluate structures including Series LLCs, private funds, evergreen funds, and interval funds.
• Develop product business cases covering market opportunity, target investors, economics, operating requirements, risks, and commercialization.
• Partner with Distribution and Marketing on positioning, investor engagement, launch plans, and sales-enablement materials.
• Use market, client, and distribution feedback to inform product enhancements and future development.
• Maintain effective product governance, controls, policies, documentation, and management reporting.
• Coordinate governance activities, regulatory filings, audits, financial statements, tax reporting, valuation, and pricing matters.
• Monitor product risks and resolve issues in partnership with Legal, Compliance, Risk, Tax, Finance, and Operations.
• Manage key external relationships, including fund administrators, auditors, tax providers, legal counsel, custodians, and other partners.
• Oversee the investor experience from onboarding through ongoing reporting and servicing.
• Ensure the integrity of product, investor, financial, and Series-level data and strengthen supporting controls and infrastructure.

Skills

Product ownership

Analytical thinking

Project management

Communication

Problem-solving

Education

Bachelor’s degree in finance, accounting, economics, business, or related field

MBA, CFA, CAIA, or comparable advanced qualification preferred

Job description

Northern Trust is seeking a Senior Private Markets Product Manager to own the Series LLC offering and drive end-to-end product management across launches, onboarding, and servicing for private markets. You will collaborate with Investments, Distribution, Operations, Legal, and Compliance to ensure scalable, governed products that meet client needs.

You will lead governance, pricing, and reporting while managing external relationships with fund administrators and service providers.