Job Description
About Northern Trust: Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. Front Office Solutions Front Office Solutions provides a holistic digital+ service offering for some of the most sophisticated institutional investors across the globe, including foundations, endowments, pension funds, corporations, insurance companies, and sovereign wealth funds. Job Description Under general supervision, the Consultant will be responsible for investment data management that will provide clients with the holistic data sets they need to fulfill their various stakeholder requirements. The Analyst will assist in researching solutions for data challenges for institutional clients. The key responsibilities of the role include: Acts as point of initial entry for all investment data. Includes entry of (but not limited to): Investment transactions (typically statement-based for alternative assets; file-based for public markets) Investment valuations (typically statement-based for alternative assets; file-based for public markets) Manager valuation estimates Plan income/expense items Plan contributions / spending withdrawals Underlying holdings manager exposure data Benchmark data Responsible for preparing investment reconciliations. Includes reconciliation of cash, positions, performance, transactions, alternative investment metrics (unfunded commitment, etc.). Responsible for initial review of NAV, allocation, and underlying client performance for alternative investments. Participates in ongoing process improvements based on specialised skills, knowledge, and experience. Required Knowledge & Skills: Basic knowledge of the investment industry, including markets and instruments. Basic investment concepts knowledge: IRR, time-weighted return, NAVs, accruals, etc. Basic alternative asset class knowledge: hedge funds, private equity, non-marketable securities, marketable securities, etc. Ability to prioritize, multi-task, and perform effectively under deadlines. Commitment to project success as it may require working unconventional hours during critical project phases. The successful candidate will benefit from having: Functional /industry knowledge of and experience with complex asset allocators such as endowments, foundations, family offices, institutional asset managers, pension funds or sovereign wealth funds. Technical skills/systems knowledge (investment administration & portfolio analytics platforms). Orientation to operational process improvement. Client servicing experience. Ability to work closely and collaborate with internal stakeholders. Qualifications College or University degree, preferably in Finance, Accounting, Mathematics, Economics, or a related field. Interest in pursuing: CFA, CAIA, CIPM. 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. #J-18808-Ljbffr