IRAS Senior Analyst

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

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.   

We’d love to learn more about how your interests and experience could be a fit with one of America’s best banks and most sustainable companies! Build your career with us and apply today.

Integrated Portfolio Services

Integrated Portfolio Services (IPS) provides investment reporting, analytics and operational support services to a diverse range of institutional clients, including foundations, endowments, pension funds, family offices, sovereign wealth funds and asset managers.

The Private Monitor IRAS team supports clients by collecting, validating, interpreting and maintaining investment data across private equity, private credit, real estate, infrastructure and hedge fund investments. The team works closely with General Partners, Investment Managers, Client Servicing teams and operational partners to ensure accurate reporting of private market investment activity and performance metrics.

Private Monitor IRAS professionals play an important role in delivering high-quality investment data that supports investment decision making, portfolio monitoring, performance measurement and operational oversight.

Job Description

Under general supervision, the Senior Analyst, supported by a team of Client Solutions and Private Markets partners, will be responsible for the processing, maintenance and quality review of investment data related to alternative investments. The Senior Analyst will assist in delivering operational support to institutional clients while developing expertise in private markets investments and reporting.

The key responsibilities of the role include:

• Knowledge of Capital market, financial markets, investment instruments, fixed income, Alternative asset, derivatives asset, portfolio management strategies and client reporting
• Ability to multitask and work with calm under crunch situations
• Excellent interpersonal skills for liaising with related departments and client servicing teams
• Acts as a daily point of contact for operational and data-related client queries.
• Reviews and processes investment activity received from General Partners and investment managers.
• Maintains investment records across private equity, private credit, real estate, infrastructure and hedge fund investments.
• Processes and validates:
  • Capital calls
  • Distributions
  • Management fees
  • Carried interest allocations
  • Recallable return of capital
  • Investment valuations
  • Capital account statements
  • ILPA reporting templates
• Supports the maintenance of commitment schedules and unfunded commitments.
• Assists in the preparation and completion of investment reconciliations.
• Performs quality control reviews to ensure accuracy and completeness of investment data.
• Investigates and resolves data discrepancies through collaboration with internal teams and external investment managers.
• Participates in ongoing process improvement initiatives and operational efficiency projects.
• Develops an understanding of investment performance concepts and private markets reporting requirements.

Required Knowledge & Skills:

• Experience or interest in one or more of the following areas:

o   Alternative investment operations

o   Private equity administration

o   Investment accounting

o   Fund accounting

o   Performance measurement

o   Investment operations

• Basic understanding of financial markets and investment instruments.
• Understanding of alternative investment concepts including:

o   Capital calls

o   Distributions

o   Net Asset Value (NAV)

o   Unfunded commitments

o   Internal Rate of Return (IRR)

o   Capital account statements

• Strong analytical and problem-solving skills.

• Excellent attention to detail with a focus on data quality.
• Ability to prioritize work and manage multiple deadlines in a fast-paced environment.
• Strong verbal and written communication skills.
• Proficient in Microsoft Excel and the broader Microsoft Office Suite.
• Ability to work effectively both independently and as part of a team.
• Demonstrates a continuous improvement mindset.

The successful candidate will benefit from having:

• Knowledge of institutional investors such as:

o   Foundations

o   Endowments

o   Family offices

o   Pension funds

o   Sovereign wealth funds

o   Asset managers

• Exposure to private market investment structures and reporting.
• Experience reviewing financial statements, capital account statements or alternative investment reporting packages.
• Understanding of accounting concepts associated with alternative investments.
• Exposure to data analysis and visualization tools such as Power BI or Alteryx is advantageous.

Qualifications

• College or University degree, preferably in:

o   Finance

o   Accounting

o   Economics

o   Mathematics

o   Business

o   Related discipline

• 0–3 years of relevant experience in financial services, investment operations, fund accounting or alternative investment administration.
• Minimum 24 months in current role (for internal applicants)

Working with Us:

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. In return, we will support you with your personal and career goals in a number of ways:

Financial– Life Assurance, Disability Plan, Pension/ Gratuity, Annual Pay Review

Health & Wellbeing– Private Medical Insurance, Active Sports & Social clubs (lunchtime and after-work groups), Employee Assistance Program

Professional Development – Clear Career Path, Education Assistance, Recognition Programme, NT University (wide range of online, virtual & in-house training options) and employee-led Business Resource Councils dedicated to diversity and inclusion initiatives.

And Finally

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.

Eligibility for Internal Partners

Should have completed 1 year as Analyst II

Lateral application - should have completed 1 year in current role.

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 committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center atMyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees.  In this stunning office space, we offer fantastic amenities which include our Arrival Hub - Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.