About the Role
The Private Markets & Alternative Product Manager is responsible for the development, launch, ongoing management, and commercialization of alternative investment products, with primary ownership of the Series LLC offering.
The role provides end-to-end product management across Series launches, investor onboarding and servicing, operations, governance, regulatory coordination, and service-provider oversight. The Product Manager will also support broader private-market offerings, including private equity, private credit, and other alternative investment strategies.
Working across Investments, Distribution, Operations, Legal, Compliance, Finance, Tax, Marketing, Technology, and external partners, the Product Manager will help ensure products are commercially relevant, operationally scalable, appropriately governed, and deliver a strong investor experience.
Key Responsibilities
Series LLC Product Management
Own the Series LLC offering across its lifecycle and lead the launch and implementation of new Series.
Coordinate investment, operational, legal, compliance, regulatory, tax, and investor onboarding requirements.
Oversee subscriptions, investor qualification, account establishment, funding, reporting, and ongoing servicing.
Partner with fund administrators and internal teams on NAVs, expense allocations, investor activity, cash movements, and lifecycle events.
Drive scalable processes, controls, and operating practices across Series formation and ongoing management.
Private Markets Product Development & Commercialization
Partner with Investments and Distribution to identify and develop private-market products aligned with client needs and strategic priorities.
Support product design and structuring across private equity, private credit, and other alternative strategies.
Evaluate structures including Series LLCs, private funds, evergreen funds, and interval funds.
Develop product business cases covering market opportunity, target investors, economics, operating requirements, risks, and commercialization.
Partner with Distribution and Marketing on positioning, investor engagement, launch plans, and sales-enablement materials.
Use market, client, and distribution feedback to inform product enhancements and future development.
Governance, Operations & Investor Experience
Maintain effective product governance, controls, policies, documentation, and management reporting.
Coordinate governance activities, regulatory filings, audits, financial statements, tax reporting, valuation, and pricing matters.
Monitor product risks and resolve issues in partnership with Legal, Compliance, Risk, Tax, Finance, and Operations.
Manage key external relationships, including fund administrators, auditors, tax providers, legal counsel, custodians, and other partners.
Oversee the investor experience from onboarding through ongoing reporting and servicing.
Ensure the integrity of product, investor, financial, and Series-level data and strengthen supporting controls and infrastructure.
Qualifications
Bachelor’s degree in finance, accounting, economics, business, or a related field; MBA, CFA, CAIA, or comparable advanced qualification preferred.
Minimum 5 years' related experience to include experience in investment product management, product development, fund operations, fund administration, or alternative investments and experience with private funds, Series LLC structures, private equity, private credit, or other private-market products.
Strong understanding of the investment product lifecycle, including development, launch, onboarding, operations, governance, and ongoing management.
Familiarity with private-fund accounting, valuation, regulatory, audit, tax, and investor-reporting requirements.
Demonstrated ability to manage complex, cross-functional initiatives and external service-provider relationships.
Strong product ownership, analytical, project-management, communication, and problem-solving skills.
Client-focused mindset with strong attention to detail, governance, controls, and execution.
Salary Range:
$99,600 - 169,200 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.
