Tech Coord, Hedge Fund Acctng at Ntrs

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.

About Northern Trust:
Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Working with Us:
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!               
We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018.
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 ethical companies. Build your career with us and apply today.

HEDGE FUND SERVICES- Technical Co-Ordinator, FIXED INCOME AND ALTERNATIVE ASSETS

Founded in Chicago in 1889, Northern Trust is one of the world’s leading financial institutions. We specialize in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.
 

ROLE

The job requires working for a Global Hedge Fund Administrator, specializing in administering assets of complex hedge funds. The position involves understanding of various complex instruments like Bank Debt, Fixed Income Products, Alternative Assets and Privates. It also requires good experience and knowledge in using various third party sources of information like Bloomberg, Reuters etc. as well as back office and middle office settlement processes.

MAJOR DUTIES

• Understanding of day to day operational activities of fund of fund investments & private equity & private Fixed Income
• Break Resolution of fixed income instruments like MBS, ABS, Bank Loans/ syndicated loans, privately held securities.
• Good understanding of lifecycle events of bank loans like rate sets, PIK, pay downs etc. , including settlement of Bank loans.
• Sound knowledge of various financial instruments like Mortgage bonds, securitization, private equities & mutual funds.
• Analyze and identify discrepancies between client’s position and clearing agents with good troubleshooting skills.
• Liaison effectively with team members, internal groups and external counterparties including NT Custody Services and Execution with NT as well as external parties.
• Should be able to handle critical queries/issues and escalate on a timely manner.
• Ensuring deliverables are adhered to as per agreed SLAs.
• Issue escalation and resolution on a timely manner.
• Respond quickly and accurately to queries in a high volume, time sensitive trading environment.
• Developing action plans for resolution of outstanding issues.
• Should be capable of adding and reviewing various control checks & performing reviews.
• Should have the ability to maintain various MIS reports.

• Ensure timely & accurate reports & accounts for a range of clients
• Provide input to process changes which would result in greater operational efficiency
  Direct liaison with both clients and auditors
• Supports the team manager in ensuring operational efficiency
• Responsible for ensuring accurate financial statements and reports for a designated group of funds
• Provide day-to-day support and guidance to more junior team members, support the Team Leader with respect to workflow distribution and ensuring the effective the use of staff resources
• Identify, document and disseminate new procedures and controls
• Carry out complex activities with significant financial, client, and/or internal business impact

• May have direct interaction with committees and/or Senior Management
• Able to serve as a key subject matter expert and mentor to other more junior level employees
• May manage daily operational activities and supervise day-to-day work of junior level employees (but not a formal management role)
• Technically sound in area of expertise and has broader knowledge of other areas
  Delivers a work product that requires less revision

ACCOUNTABILITIES

• Employees are required to comply with the regulatory regime in which Northern Trust operates as appropriate to the above role
• Employees are expected to exercise due care and diligence, ensuring the areas the incumbent is responsible for are organized and controlled
• Employees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties
• Reports to TL/ Section Manager.

SKILLS

• Be able to mentor through confidence and approachability
• Approachable and able to promote teamwork through creative solutions
• Good analytical, numerical and reasoning skills
• Time management and delegation skills
• Deep understanding of process and process improvement
• Excellent/advanced knowledge of Excel with VBA experience being a plus; should be familiar with MS Word & Office tools.
• Excellent spoken and written English, and the ability to write business correspondence.
• Self-starter with the ability to function independently in a fast-paced, dynamic and demanding environment.
• Adaptive, flexible style with the ability to work in a dynamic, fast-paced environment
• Strong problem solving skills, detail and results oriented
• Ability to handle multiple tasks under extremely time sensitive conditions.
• Should be flexible for night shifts and extended working hours.
• Self-starter with the ability to function independently in a fast-paced, dynamic and demanding environment.

QUALIFICATIONS:

• Bachelor’s degree in Finance, Accounting, or related field
• A minimum of 4-6 years of experience in Financial Services environment, preferably 2 years of experience in Alts, Bank Debts, FI and Privates with a minimum of 2 years in the Current role.
• Proficiency in Microsoft Excel and Word.
• Business exposure to various Financial Instrument and trade life cycle.

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

Must be able to interact and communicate with co-workers in a clear, thorough and concise manner. Work environment and physical demands are those normally associated with office work, including frequent use of the computer and telephone. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential job functions unless those accommodations would impose an undue hardship or constitute a direct threat.

Eligibility for Internal Partner

- 24 months as a Senior Analyst to move as a Technical coordinator/Associate Consultant.
- Movement within TC and Associate Consultant is 12 months

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 [email protected].

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.

About Our Pune Office

The Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe.

Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.