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Job Description
Investment data management specialist sought to provide holistic data sets for institutional clients, researching solutions for data challenges and preparing investment reconciliations.
About Northern Trust:
A globally recognized financial institution with a history dating back to 1889, providing innovative financial services and guidance to successful individuals, families, and institutions.
Job Responsibilities:
- Acts as point of initial entry for all investment data, including investment transactions, valuations, manager valuation estimates, plan income/expense items, and underlying holdings manager exposure data.
- Prepares investment reconciliations, including reconciliation of cash, positions, performance, transactions, and alternative investment metrics.
- Reviews NAV, allocation, and underlying client performance for alternative investments.
- Participates in ongoing process improvements based on specialized 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, requiring working unconventional hours during critical project phases.
Preferred Qualifications:
- 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.
Education:
- College or University degree, preferably in Finance, Accounting, Mathematics, Economics, or a related field.
Interest in pursuing:
CFA, CAIA, CIPM.