Analyst, Alt Investments

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.
• Work Authorization
• Applicants

Benefits

Additional Information

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. Job Description 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.

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