Role Summary:

• The Analyst within Alternative Asset Servicing (AAS) supports the servicing, accounting, valuation, and transaction processing of alternative investments, with a primary focus on Private Equity limited partnerships. This role acts as a key liaison between client relationship managers, general partners, investment managers, and internal Northern Trust teams, ensuring accurate processing, valuation reporting, and timely resolution of inquiries. The position operates in a fast‑paced, time‑sensitive environment, requiring strong analytical skills, attention to detail, and effective communication across multiple stakeholders.

Key Responsibilities:

Client & Inquiry Management

• Serve as the operational contact for client relationship managers regarding alternative investment inquiries.

• Monitor, research, resolve, and respond to internal and external inquiries, including those from clients, auditors, fund managers, and internal partners.

• Pull, interpret, and analyze data to ensure client valuation expectations and reporting standards are met.

• Provide guidance and solutions to partners while escalating complex issues to supervisors or subject‑matter experts as appropriate.

Valuation & Reporting

• Reconcile and update monthly and quarterly valuations provided by general partners against Northern Trust systems.

• Proactively locate and review fund statements, capital activity, and supporting documentation.

• Ensure timely and accurate valuation updates for private equity and other alternative asset types.

• Identify valuation discrepancies and follow issues through to resolution.

Transaction Processing

• Process limited partnership transactions, including capital calls, distributions, income, and fee activity, for corporate, institutional, and PFS clients.

• Monitor transaction activity within Northern Trust systems and databases to ensure accurate categorization and posting.

• Communicate with general partners, investment managers, account administrators, and internal partners regarding discrepancies, special procedures, or clarifications.

• Support cash movements, including the use of cash movement systems to produce and receive wires to and from partnership banks.

• Identify errors affecting accounts, make necessary corrections, and follow through until fully resolved.

• Verify all transactions are processed correctly so client data is accurate and available within scheduled reporting timeframes.

Operational Excellence

• Manage assigned daily tasks to ensure day‑to‑day deliverables and service level expectations are met.

• Work efficiently under time‑sensitive constraints in a team‑oriented environment.

• Consistently review and assess processes to identify efficiency improvements and risk reduction opportunities.

• Actively participate in department projects, initiatives, audits, and system enhancements.

• Provide assistance to Technical Coordinators as required.

Knowledge & Skills

• Strong oral and written communication skills.

• Working knowledge of Microsoft Office

• Demonstrated analytical and problem‑solving abilities.

• Strong organizational skills and the ability to manage high transaction volumes.

• Ability to work effectively in a team‑based, deadline‑driven environment.

• Knowledge of capital markets, with exposure to:

  • Private Equity

  • Hedge Funds

  • Commingled Funds

  • Valuation reporting

  • Reconciliation principles

• Practical understanding of finance and accounting concepts preferred.

• Knowledge of securities operations and rules governing security and cash movement preferred.

Education & Experience

• Bachelor’s degree required.

• Emphasis in Finance, Accounting, or related business discipline preferred.

Work Schedule

• Role is aligned to Chicago office hours (8:30am CST – 5:00pm CST). Overtime eligible and may be necessary during peak processing or reporting periods.

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)