Fund Administration Specialist at Northern Trust in Chicago, Illinois

Job Description:

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.

What You Will Be Responsible For

The Fund Administrator Specialist will be responsible for:

• Fund Administration Support - perform and oversee daily fund administration tasks as needed including account reconciliations, NAV calculations, financial statement reviews, and independent price testing to ensure timely and accurate completion of deliverables.


• Cross-Team Collaboration - serve as an expert resource within the dedicated client team, providing back up support, assisting with complex client needs and driving cross functional projects as assigned.


• Operational Bench Strength - act as a flexible resource within the fund administration team stepping in to handle key tasks during periods of increased volume, staffing transitions, or specialized project needs.


• Process Improvement - identify and recommend process enhancements to improve accuracy, efficiency, and scalability within the fund administration workflows, working closely with internal teams and client to implement best practices.


• Documentation and Training - create and maintain comprehensive documentation for all fund administration processes and lead training sessions to strengthen overall team knowledge and bench depth

These skills will help you succeed in this role:

• Technical Expertise in Fund Administration - strong knowledge of fund structures, NAV calculations, reconciliations, and valuation inputs/policies


• Analytical Skills and Attention to Detail - precision in handling client data and a keen eye for spotting inconsistencies or potential errors


• Problem-Solving and Adaptability - resourcefulness in resolving issues that arise and flexible to adapt to changes in workload priority as client needs change


• Project Management and Organizational Skills - ability to handle multiple tasks, prioritize effectively, and meet strict deadlines. Strong organizational skills to manage workflow efficiently and provide backup support as needed


• Cross-Team Collaboration - ability to work effectively with other teams with clear and effective communication skills to explain complex processes


• Commitment to Continuous Improvement - a proactive approach to identifying inefficiencies and recommending process improvements

Education & Preferred Qualifications

• 10+ years of experience in fund administration role preferred


• A College/University or Master's degree in Accounting, Business or Finance


• Proficient in Microsoft Office Suite


• Additional certifications (i.e. CFA, CPA) are advantageous but not required

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.