Northern Trust

Consultant, Client Solutions, Integrated Portfolio Services (IPS)

Northern Trust • $66K — $113K *
Tempe, AZ 85281Hybrid
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Experience with complex asset owners in performance measurement or investment operations
  • Understanding of private equity transactional impacts on various financial metrics
  • Knowledge of accounting/reporting methods like IBOR and TrueNAV
  • Ability to identify issues for escalation
  • Proficient in Microsoft Office suite
  • Strong multitasking and prioritization skills under deadlines
  • Client servicing experience preferred.

Responsibilities

  • Serve as the primary contact for operational queries
  • Review investment data including transactions and valuations
  • Support data management related to accounting impacts
  • Perform secondary review of investment reconciliations
  • Assist in onboarding new clients and managing expectations
  • Train new partners in accounting and operations
  • Engage in process improvement discussions

Benefits

  • Comprehensive health and welfare benefits
  • Retirement benefits including 401k and pension plans
  • Paid time off and parental leave
  • Life & accident insurance
  • Voluntary and well-being benefits
  • Discretionary bonus program with equity component
Full Job Description

The Consultant supported by a team of Data/Client Solutions partners will be responsible for investment data administration and providing clients with the holistic data sets which they need to fulfil their various stakeholder requirements.

The key responsibilities of the role include:

  • Acts as daily point of contact for operational queries including accounting and general operational queries.

  • Acts as point of initial review for all investment data. Includes review of (but not limited to):

  • Investment transactions

  • Investment valuations

  • Manager estimates

  • Plan income / expense items

  • Plan contributions / spending withdrawals

  • Underlying manager exposure data

  • Benchmark data

  • Responsible for supporting data management with respect to transactional impacts on accounting, realized gain/loss, cost, etc.

  • Responsible for secondary review of all investment reconciliations. Includes reconciliation of cash, positions, performance, transactions and unfunded commitment.

  • Supports client onboarding including initial client discovery sessions, project planning, setting client expectations and facilitating continuous client updates throughout the onboarding process.

  • Assists in training new FOS partners in the accounting and operational space.

  • Participates in ongoing process improvement discussions.

Required Knowledge & Skills:

  • Experience working with complex asset owners in one or more of the following fields:

  • Performance measurement (attribution, liquidity, and exposures)

  • Alternative asset or private equity operations

  • Investment operations (fund or investment accounting)

  • Demonstrated understanding of private equity transactional impacts on unfunded commitments, market value, cost, and other metrics typically associated with private equity (TVPI,DPI, PIC, etc.).

  • Understanding of accounting/reporting methods, including IBOR, ABOR, TrueNAV, to support complete and accurate data capture.

  • Understanding of instances when issues need to be escalated to a supervisor.

  • Proficient in use of Microsoft suite of applications

  • Ability to prioritize, multi-task, and perform effectively under deadlines.

The successful candidate will benefit from having:

  • Client servicing experience, comfortable communicating directly with clients and client advocacy.

Qualifications:

  • College or University degree

  • Completion (or progress towards) of advanced credentials (CFA, CAIA, CIPM, MBA) preferred.

  • Genuine desire and capability to work in a fast-paced, professional, inclusive environment which requires teamwork, well-honed problem-solving skills, frequent re-prioritization, deadline management, ongoing and comprehensive communication, constant attention to detail, and a commitment to continuous improvement and best practices.

#LI-HY

#LI-CL1

Salary Range:

$66,700 - 113,300 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.

About Northern Trust

Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, and fiduciary and banking solutions to corporations, institutions, and affluent individuals. They have evolved with the changing needs of their clients and their world.

Northern Trust Careers

Joining Northern Trust means becoming part of a global financial services institution that is dedicated to providing expert guidance and innovative solutions to its clients. At Northern Trust, we pride ourselves on fostering a culture of leadership, diversity, and innovation, which makes us a premier destination for career growth in the financial industry.

Work You’ll Do

At Northern Trust, you will collaborate with some of the most talented professionals in the financial sector. Our team is committed to excellence and equipped with a diverse range of skills that contribute to our dynamic environment. Here, you will have the opportunity to lead projects that transform our services and drive significant value for our clients across the globe.

Explore Job Opportunities and Internships

Whether you are starting your career or looking to make a significant impact in the financial industry, Northern Trust offers a variety of job opportunities and internships that will help you achieve your professional goals. From entry-level positions to leadership roles, our company is actively hiring individuals who are passionate, curious, and driven to excel.

Innovative Work

Northern Trust is at the forefront of financial innovation. Our employees are encouraged to think creatively and leverage cutting-edge technologies to solve complex problems. By joining our team, you will work on pioneering solutions that redefine the standards of financial services.

Be Part of a Great Team

Our team at Northern Trust is more than just a group of employees – we are a community. We value collaboration, and our culture is built on mutual respect and a commitment to diversity and inclusion. Working with us, you will experience a supportive network that is passionate about sharing knowledge and ideas.

Future-Proof Your Career

Northern Trust is dedicated to your professional development. We offer comprehensive benefits, diversity training, and numerous resources to help you grow your career. With our support, you can expand your skills, gain valuable experience, and achieve professional certifications that will enhance your career trajectory.

Stay Connected

Join Our Team

Discover the perfect role for you at Northern Trust by exploring our current job openings that match your skills and interests. We are looking for professionals who are solution-driven and eager to contribute to our legacy of financial excellence.

Keep Up to Date

Stay informed with the latest career tips, industry insights, and professional growth opportunities—all available through our careers blog. At Northern Trust, we ensure that our team members are always ahead in the industry.

Job Alert Emails

Customize your experience by subscribing to job alerts and insider tips tailored to your preferences. At Northern Trust, exciting and rewarding opportunities are always on the horizon, and we are eager to see where your talents can take us. Join Northern Trust today and be part of a company that values innovation, leadership, and a diverse and inclusive workplace. Here, every position is a chance to contribute to something bigger and to turn your job into a meaningful career.
Learn more about Northern Trust
Size
21,100 employees
Market Cap
$18.1 billion
Industry
Finance & Insurance
Net Income
$1.2 billion
Founded
1889
5 Year Trend
+4.9%
Revenue
$6.1 billion
NASDAQ
NTRS
* Ladders Estimates

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