Consultant, Fund Administration, Integrated Portfolio Services (IPS)

Northern Trust
Chicago
Workplace: HybridFull timeUSD 74,200 - 126,200Function: Finance & AccountingExperience: 2-3 yearsSkills: ["Communication","Analytical skills","Organizational skills","Problem-solving","Adaptability"]

Manage daily reconciliations of transactions and positions across equities, futures, fixed income, and OTC products for complex hedge funds. Investigate and resolve security and cash position differences, review reconciliations with controls, and coordinate with Shared Services Groups and client streams to close breaks and meet SLA timelines. Partner with internal technology resources to improve scalability, process efficiency, and data integrity, including supporting project work and training stakeholders.

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FursaFursa
Northern Trust
Northern Trust
1 day ago

Consultant, Fund Administration, Integrated Portfolio Services (IPS)

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Source: Company careers pageValidated by: Fursa AI
Last checked: 3 hours agoStatus: Live

Job Summary

Manage daily reconciliations of transactions and positions across equities, futures, fixed income, and OTC products for complex hedge funds. Investigate and resolve security and cash position differences, review reconciliations with controls, and coordinate with Shared Services Groups and client streams to close breaks and meet SLA timelines. Partner with internal technology resources to improve scalability, process efficiency, and data integrity, including supporting project work and training stakeholders.
Location: Chicago
Workplace: Hybrid
Employment Type: Full time
Job Function: Finance & Accounting
Seniority: Mid level

Key Responsibilities

  • •Perform daily reconciliation of transactions and positions across multiple product types and disseminate results to relevant Shared Services Groups.
  • •Analyze security and cash position differences, investigate reconciliation variances, and execute daily controls.
  • •Engage with internal Shared Service Groups and client/primary admin streams to resolve open breaks and provide SLA updates.
  • •Review reconciliations daily and assist with project work to improve efficiency and the control environment.
  • •Collaborate with technology teams to improve processes that increase scalability, efficiency, and data integrity while supporting training and information sharing across geographies.

Pay and Benefits

Salary: USD 74,200 - 126,200
Equity and Bonus:Equity
Perks:401kPensionHealth InsuranceDentalVisionPaid LeaveParental LeaveLife InsuranceDisability Insurance

Key Requirements

  • •2-3 years of work experience and a college/university degree (preferred).
  • •Excellent oral and written communication skills.
  • •In-depth functional/industry knowledge preferred.
  • •Proficiency with Microsoft Excel and other MS Office applications.
  • •Strong analytical, organizational, and problem-solving skills; able to work independently and collaboratively in a team environment.
Experience:2-3 yearsHedge fundsFund administrationFinancial services
Skills:CommunicationAnalytical skillsOrganizational skillsProblem-solvingAdaptability
Tech Stack:PythonMicrosoft ExcelMS Office

Eligibility

Visa:H-1BL-1TNO-1E-3H-1B1F-1J-1OPTCPT
Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Northern Trust
Global financial services firm providing wealth management, asset servicing, asset management, and banking solutions to institutions, corporations, and affluent individuals, with a focus on custody, investment management, and technology-driven services.
Industry: Asset Management
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Chicago, United States
Founded: 1889
Glassdoor
Glassdoor: 3.9
WebsiteLinkedIn