Analyst, Alt Investments

About Northern TrustAs 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 DescriptionRole 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.Key Responsibilities:Client & Inquiry ManagementServe 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 & ReportingReconcile 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 ProcessingProcess 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 ExcellenceManage 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 & SkillsStrong oral and written communication skills.Working knowledge of Microsoft OfficeDemonstrated 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 EquityHedge FundsCommingled FundsValuation reportingReconciliation principlesPractical understanding of finance and accounting concepts preferred.Knowledge of securities operations and rules governing security and cash movement preferred.Education & ExperienceBachelor’s degree required.Emphasis in Finance, Accounting, or related business discipline preferred.Work ScheduleRole is aligned to Chicago office hours (8:30am CST – 5:00pm CST). Overtime eligible and may be necessary during peak processing or reporting periods.Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa)Work AuthorizationApplicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).Working with UsAs a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.Reasonable AccommodationNorthern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at View email address on click.appcast.io, or alternatively you can discuss your individual requirements with the recruiter you are working with.About Our Tempe OfficeThe Northern Trust Tempe office opened in 2015 with 75 employees and now serves over 75 different business functions with more than 700 employees. The team is recognized as a Global Capability Center that delivers exceptional value, quality, expertise and innovation through our diverse talent. Learn more. #J-18808-Ljbffr Northern Trust Corp.