THE NORTHERN TRUST COMPANY - seeks an Assoc Specialist, Fund Admin, HFS to review monthly/quarterly fund investor allocations, management fee, incentive fee calculations, waterfall models. Review fund documents in order to interpret and execute allocation requirements. Build allocation models to support bespoke fund and client requirements. Work directly with clients, including CEOs and fund controllers, for onboarding, monthly/quarterly deliverables, and escalations. Serve as a client escalation point for issues, providing direction and judgment calls for internal team while providing necessary client communication to resolve external issue. Collaborate with other team members to build scalable operations to meet the service needs of a large portfolio of clients. Work closely with technology resources to troubleshoot issues and scope new or desired functionality. #LI-DNI
Position requires a Bachelor's degree in Finance, Business Administration, Accounting or a related field and 5 years of experience with fund administration. In lieu of a Bachelor's degree in Finance, Business Administration, Accounting or a related field and 5 years of experience with fund administration, employer will accept 7 years of experience with fund administration. Experience must include a minimum of: 5 years of experience with reviewing monthly and quarterly fund investor allocations; 5 years of experience calculating and reviewing management fees, incentive fee calculations, and waterfall models; 5 years of experience reviewing and analyzing fund documents in order to interpret and execute allocation requirements; and 5 years of experience with working with Excel and MS Office. Telecommuting benefit available. #LI-DNI
JOB LOCATION: Chicago, IL. Rate of Pay: $107,349.00 - $162,400.00 per year. To apply, please visit https://careers.northerntrust.com and enter job requisition number R151228 when prompted. Alternatively, please send your resume, cover letter, and a copy of the ad to: G. Duggan, 181 W. Madison, Chicago, IL 60602.
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