Sr. Paralegal, Alternative Investments

Senior Alternative Investments ParalegalAs a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust 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.Role/Department: Senior Alternative Investments Paralegal/Asset Management LegalResponsible for performing a variety of relatively complex legal-related tasks supporting the firm's alternative investments business, including private equity, hedge fund, real asset and fund-of-funds products, under the direction of, and with a minimum of supervision. Conduct legal research, draft and coordinate fund offering and transaction documents, manage investor onboarding and closings, prepare regulatory filings and other related duties.The key responsibilities of the role include:Support all aspects of private fund formation and offerings, including preparing, reviewing and coordinating private placement memoranda, limited partnership and operating agreements, subscription documents, side letters and related fund documentation.Perform independently a variety of relatively complex legal tasks related to investor onboarding, including reviewing subscription documents for investor eligibility (accredited investor, qualified purchaser and qualified client status), ERISA/benefit plan investor status, and coordinating AML/KYC review with fund administrators and compliance.Understands the organizational structure and identifies key internal and external stakeholders, including portfolio management, operations, fund administrators, auditors and outside counsel, in order to efficiently manage fund launches, closings and ongoing fund matters.Escalate matters and consult with Legal Department attorneys on special projects and assignments, as needed, and using analytical skills to identify all relevant issues; identify all applicable laws and understand all relevant aspects of the related client relationship.Prepares and files regulatory filings, including Form D and state blue sky notice filings, and assists with Form ADV, Form PF and other regulatory reporting as requested by Legal Department attorneys.Review fund documentation, capital call and distribution notices, transfers and redemptions to determine deadlines and ensure conformity with fund governing documents and legal requirements.Conduct independent complex legal research on specific issues.Communicates with investors, clients, fund administrators, government agencies or officials on a regular basis to answer questions and to collect and assemble information.Provides transaction management support, including preparing and maintaining closing checklists, coordinating signature pages, assembling closing sets and tracking side letter obligations and MFN elections.Knowledge of SEC EDGAR and state blue sky filing processes.Timely document and maintain fund entity records, executed fund documents and updates in the legal database.Works closely with external counsel.Assist in training and mentoring new paralegals/interns.Assist with projects and tasks as assigned.Required QualificationsEight+ years of experience is required.Bachelor's degree in paralegal studies, paralegal certificate OR the equivalent combination of formal education, training and or experience.Previous corporate law department, asset management and/or large law firm investment management or private funds experience.Knowledge of the financial services industry and alternative investment products (private equity, hedge funds, real assets and/or fund-of-funds)Demonstrate professionalism and skill working in a team environment and coordinating workloads.Ability to multi-task and consistently meet aggressive and time-sensitive deadlines.Excellent writing and verbal communication skills, as well as strong organizational skills, are required to prepare and process legal documents.Time management skills to process a large workload with competing deadlines.Knowledge of legal terminology and strong analytical skills are required to conduct legal research.Excellent customer service skills.Ability to work effectively with internal and external clients, team members, management and staff.Self-motivated, confident problem solver for a fast-paced environment.Working Model: Hybrid (#LI-Hybrid)We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.Salary Range:$74,200 - 126,200 USDSalary 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.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.