Specialist, Fund Administrator, Hedge Fund Services at Northern Trust

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

14 Mar, 26

Salary

194900.0

Posted On

14 Dec, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Fund Administration, NAV Calculations, Account Reconciliations, Financial Statement Reviews, Process Improvement, Analytical Skills, Problem-Solving, Project Management, Cross-Team Collaboration, Documentation, Training, Attention to Detail, Technical Expertise, Organizational Skills, Adaptability, Continuous Improvement

Industry

Investment Management

Description

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 world’s 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 world’s most sophisticated clients using leading technology and exceptional service. Job Description Key Responsibilities: Fund Administration Support – perform and oversee daily fund administration tasks as needed including account reconciliations, NAV calculations, financial statement reviews, and independent price testing to ensure timely and accurate completion of deliverables. Cross-Team Collaboration – serve as an expert resource within the dedicated client team, providing back up support, assisting with complex client needs and driving cross functional projects as assigned. Operational Bench Strength – act as a flexible resource within the fund administration team stepping in to handle key tasks during periods of increased volume, staffing transitions, or specialized project needs. Process Improvement – identify and recommend process enhancements to improve accuracy, efficiency, and scalability within the fund administration workflows, working closely with internal teams and client to implement best practices. Documentation and Training – create and maintain comprehensive documentation for all fund administration processes and lead training sessions to strengthen overall team knowledge and bench depth Qualifications: 10+ years of experience in fund administration role preferred A College/University or Master’s degree in Accounting, Business or Finance Proficient in Microsoft Office Suite Additional certifications (i.e. CFA, CPA) are advantageous but not required Competencies: Technical Expertise in Fund Administration – strong knowledge of fund structures, NAV calculations, reconciliations, and valuation inputs/policies Analytical Skills and Attention to Detail – precision in handling client data and a keen eye for spotting inconsistencies or potential errors Problem-Solving and Adaptability – resourcefulness in resolving issues that arise and flexible to adapt to changes in workload priority as client needs change Project Management and Organizational Skills – ability to handle multiple tasks, prioritize effectively, and meet strict deadlines. Strong organizational skills to manage workflow efficiently and provide backup support as needed Cross-Team Collaboration – ability to work effectively with other teams with clear and effective communication skills to explain complex processes Commitment to Continuous Improvement – a proactive approach to identifying inefficiencies and recommending process improvements Salary Range: $114,700 - 194,900 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. We’d love to learn more about how your interests and experience could be a fit with one of the world’s 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 you’re 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 we’ve been named one of the world’s 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.)

Responsibilities

The Specialist in Fund Administration will perform and oversee daily fund administration tasks, ensuring timely and accurate completion of deliverables. They will also collaborate with internal teams and clients to identify and implement process improvements.