Analyst, Alt Investments

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 worlds most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the worlds most sophisticated clients using leading technology and exceptional service. 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 fastpaced, timesensitive 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 subjectmatter 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 daytoday deliverables and service level expectations are met. Work efficiently under timesensitive constraints in a teamoriented 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 problemsolving abilities. Strong organizational skills and the ability to manage high transaction volumes. Ability to work effectively in a teambased, deadlinedriven 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 Bachelors 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. Salary Range: $43,200 - 64,800 USD Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component. Working with Us: As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose. Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater Reasonable accommodation Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com. We hope youre excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater. Looking for greater? You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons weve been named one of the worlds most admired companies. Terms and Conditions Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), 1800-425-0333 (India), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information. APAC/INDIA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development. Canada EEO STATEMENT Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance. EMEA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development. USA EEO STATEMENT It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.)