Northern Trust
Associate Specialist, Fixed Income & Bank Debt, Middle Office, Hedge Fund Servic
Northern Trust, Chicago, Illinois, United States, 60290
Associate Specialist, Fixed Income & Bank Debt, Middle Office, Hedge Fund Services – Northern Trust
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Associate Specialist, Fixed Income & Bank Debt, Middle Office, Hedge Fund Services
role at
Northern Trust
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.
Job Description Northern Trust Hedge Fund Services is a rapidly expanding Global fund administrator specializing in administering assets of complex hedge funds. The successful candidate will be an ambitious self-starter who has demonstrated the ability to function as an effective and strategic team member in a dynamic, fast-paced and demanding environment. This position will be responsible for supporting the bank loan trade closing process as well as life cycle event processing and reconciliations. The candidate is expected to deliver excellent client service daily by way of operational process execution and improvement and professional communication.
Key Duties and Responsibilities
Support multiple clients within a fast-paced, challenging environment
Liaise with clients, counterparties and agents to facilitate the closing of syndicated bank loan trading activity on ClearPar
Verify, process and reconcile trading and lifecycle activities for syndicated and private bank loan investments
Monitor and maintain bank debt positions to ensure accurate P&L for financial reporting
Build and strengthen internal and external relationships
Knowledge and Skills
Ability to work independently and cooperatively within a team environment
Client focused
Ability to handle multiple tasks simultaneously and with accuracy
Excellent written and oral communication skills
Ability to meet time-sensitive deadlines with appropriate sense of urgency
Fundamentally detail and process oriented
Proficient in Microsoft Excel and other MS Office applications
Experience with ClearPar and Bank Loan Closing is strongly preferred and familiarity with LSTA closing documents is preferred
Experience
Bachelor’s degree in Finance, Accounting or related field with 3.0 GPA or higher
5 to 10 years of relevant operational experience supporting syndicated, leveraged and/or private loans is required
Salary Range $95,600 - 162,400 USD
Benefits Salary 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.
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.
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.
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Associate Specialist, Fixed Income & Bank Debt, Middle Office, Hedge Fund Services
role at
Northern Trust
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.
Job Description Northern Trust Hedge Fund Services is a rapidly expanding Global fund administrator specializing in administering assets of complex hedge funds. The successful candidate will be an ambitious self-starter who has demonstrated the ability to function as an effective and strategic team member in a dynamic, fast-paced and demanding environment. This position will be responsible for supporting the bank loan trade closing process as well as life cycle event processing and reconciliations. The candidate is expected to deliver excellent client service daily by way of operational process execution and improvement and professional communication.
Key Duties and Responsibilities
Support multiple clients within a fast-paced, challenging environment
Liaise with clients, counterparties and agents to facilitate the closing of syndicated bank loan trading activity on ClearPar
Verify, process and reconcile trading and lifecycle activities for syndicated and private bank loan investments
Monitor and maintain bank debt positions to ensure accurate P&L for financial reporting
Build and strengthen internal and external relationships
Knowledge and Skills
Ability to work independently and cooperatively within a team environment
Client focused
Ability to handle multiple tasks simultaneously and with accuracy
Excellent written and oral communication skills
Ability to meet time-sensitive deadlines with appropriate sense of urgency
Fundamentally detail and process oriented
Proficient in Microsoft Excel and other MS Office applications
Experience with ClearPar and Bank Loan Closing is strongly preferred and familiarity with LSTA closing documents is preferred
Experience
Bachelor’s degree in Finance, Accounting or related field with 3.0 GPA or higher
5 to 10 years of relevant operational experience supporting syndicated, leveraged and/or private loans is required
Salary Range $95,600 - 162,400 USD
Benefits Salary 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.
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.
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.
#J-18808-Ljbffr