Associate Consultant, Data Management - Total Portfolio Solutions - Graduate Opportunity

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Front Office Solutions 

Front Office Solutions provides a holistic digital+ service offering for some of the most sophisticated institutional investors across the globe, including foundations, endowments, pension funds, corporations, insurance companies, and sovereign wealth funds. As asset owners engage in more complex, data-driven investment approaches to asset allocation, their operational needs and demands for high quality data have skyrocketed. Front Office Solutions provides a holistic, full-service, multi-asset solution that aims to empower in-house investment teams and support their important mission by providing a more comprehensive set of operational services and analytics including portfolio management, investment decision support, operational risk management, CRM/document management and workflow tools 

Job Description 

Under general supervision, the Analyst will be responsible for investment data management that will provide clients with the holistic data sets they need to fulfil their various stakeholder requirements. The Analyst will assist in researching solutions for data challenges for institutional clients. 

The key responsibilities of the role include: 

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

• Investment transactions (typically statement-based for alternative assets; file-based for public markets) 

• Investment valuations (typically statement-based for alternative assets; file-based for public markets) 

• Manager valuation estimates 

• Plan income / expense items 

• Plan contributions / spending withdrawals 

• Underlying holdings manager exposure data 

• Benchmark data  

• Responsible for preparing investment reconciliations. Includes reconciliation of cash, positions, performance, transactions, alternative investment metrics (unfunded commitment, etc.). 

• Responsible for initial review of NAV, allocation and underlying client performance for alternative investments. 

• Participates in on-going process improvements based on specialised skills, knowledge, and experience. 

Required Knowledge & Skills: 

• Basic knowledge of the investment industry, including markets and instruments. 

• Basic investment concepts knowledge: IRR, time-weighted return, NAVs, accruals, etc. 

• Basic alternative asset class knowledge: hedge funds, private equity, non-marketable securities, marketable securities, etc. 

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

• Commitment to project success as it may require working unconventional hours during critical project phase.