Sr. Consultant, Alternative Investments and Privates, IPS

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.

Sr. Consultant, Alternative Investments and Privates, IPS

Summary

Provide industry experience and subject-matter expertise to the Alternative Investments and Privates teams within Integrated Portfolio Services. The Sr. Consultant is responsible for day-to-day client fund administration across fund-of-funds, hedge funds, private equity, private debt, and other complex private investments.

This role partners with internal and external stakeholders to ensure accurate and timely processing, reconciliation, reporting, and issue resolution while supporting strong controls, client service, and continuous process improvement.

Major Duties

• Process and oversee investment activity and lifecycle events for alternative and private investments, including subscriptions, redemptions, capital calls, distributions, transfers, commitments, funded and unfunded balances, in-kind activity, fees, valuations, and realized and unrealized gains and losses.
• Perform and review daily and month-end reconciliations of cash, transactions, positions, cost, commitments, and valuations across HFS platforms, client records, custodians, administrators, and investment manager statements.
• Analyze breaks and data discrepancies, determine root causes, coordinate resolution with internal teams and external counter parties, and ensure open items are documented and resolved in a timely manner.
• Apply working knowledge of fund-of-funds, master-feeder, and limited partnership structures, including closed-end and open-end investment vehicles and their accounting and operational impacts.
• Ensure transactions and investment records are maintained in accordance with applicable client requirements and U.S. GAAP accounting treatment.
• Prepare, review, and deliver recurring and ad hoc client reports for alternative and private investments, ensuring data quality, accuracy, and timely completion.
• Coordinate cash management and settlement activity, including payment models, wire instructions, and related controls.
• Communicate regularly with clients, investment managers, fund administrators, custodians, auditors, and internal relationship, accounting, performance, and product partners.
• Work closely with management to ensure process controls are executed, exceptions are escalated, and operational risks are appropriately mitigated.
• Provide technical guidance, training, and day-to-day support to team members and serve as an escalation point for complex investment activity and reconciliation issues.
• Lead or support projects focused on improving efficiency, strengthening the control environment, enhancing data quality, and increasing automation, including the use of document digitization and workflow tools.
• Operate independently, manage competing priorities, and…