Specialist, Fund Administrator, Hedge Fund Services at Northern Trust

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Hedge FundsIndustries

Requirements

10+ years of experience in fund administration role preferred
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
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

Responsibilities

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

Skills

Key technologies and capabilities for this role

Fund AdministrationAccount ReconciliationsNAV CalculationsFinancial Statement ReviewsIndependent Price TestingMicrosoft Office SuiteProcess ImprovementCross-Team CollaborationDocumentationTraining

Questions & Answers

Common questions about this position

What is the salary range for this Specialist, Fund Administrator position?

The salary range is $114,700 - 194,900 USD.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What qualifications and skills are required for this role?

Candidates need 10+ years of experience in fund administration preferred, a College/University or Master’s degree in Accounting, Business or Finance, proficiency in Microsoft Office Suite, and competencies including technical expertise in fund administration, analytical skills, problem-solving, project management, cross-team collaboration, and commitment to continuous improvement.

What is the company culture like at Northern Trust?

Northern Trust emphasizes enduring principles of service, expertise, and integrity, with a focus on innovative financial services, leading technology, exceptional service, and cross-team collaboration.

What makes a strong candidate for this fund administrator role?

A strong candidate has 10+ years of fund administration experience, a degree in Accounting, Business or Finance, proficiency in Microsoft Office, relevant certifications like CFA or CPA, and strong competencies in technical fund expertise, analytical skills, problem-solving, project management, collaboration, and process improvement.