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Specialist, Client Solutions, Front Office Solutions, Limerick
Client: Northern Trust Corporation
Location: Limerick, Ireland
Job Category: Other
EU work permit required: Yes
Job Reference: 3420228b4310
Job Views: 156
Posted: 21.01.2025
Expiry Date: 07.03.2025
Job Description:
Description
Role/Department
Front Office Solutions is a new strategic business for Northern Trust that provides a holistic digital and service offering for some of the most sophisticated institutional investors across the globe, including foundations, endowments, pension funds, corporations, insurance companies, central banks and sovereign wealth funds.
As asset owners engage in more complex, data-driven investment approaches to asset allocation, their operational needs and demands for high quality data have skyrocketed.
Front Office Solutions provides a holistic, full-service, multi-asset solution that aims to empower in-house investment teams and support their important mission by providing a more comprehensive set of operational services and analytics including portfolio management, investment decision support, operational risk management, CRM/document management and workflow tools.
Key Responsibilities
1. Acts as a subject matter expert for alternative asset queries.
2. Assists in review of all other queries.
3. Responsible for supporting data management with respect to alternative asset transactional impacts and interpretation of complex capital account statements and transaction notices.
4. Acts as point of initial review for all investment data including Alternative Investment Performance Data.
5. Responsible for initial or secondary review of NAV, allocation and underlying client performance for alternative investments.
6. Serves as initial or secondary reviewer of single, conventional and blended benchmark calculations; reviewer of Public Market Equivalent (PME) benchmark calculations.
7. Assists in training new FOS partners in the alternative asset space.
8. Responsible for initial or secondary review of all investment reconciliations including reconciliation of cash, positions, performance, transactions, alternative investment metrics (unfunded commitment, etc.).
9. Serves as initial or secondary reviewer of investment and composite performance calculations, including time weighted return and IRR calculations.
10. Participates in initial client discovery sessions, assists in project planning, setting client expectations and facilitating continuous client updates throughout the onboarding process.
11. Responsible for the review of all historic data entry and reconciliations during client onboarding.
12. Participates in ongoing process improvement discussions where feasible.
Skills/Qualifications:
1. Experience working with complex asset owners including Endowments, Foundations, Family Offices, OCIOs, Pension Funds, Sovereign Wealth Funds, and institutional asset managers.
2. Analytical skills.
3. Advanced understanding of Microsoft Suite (Excel, Word, PowerPoint, Visio), with particular emphasis on Excel.
4. Ability to prioritize, multi-task, and perform effectively under deadlines.
5. Commitment to project success as it may require working unconventional hours during critical project phases.
6. Experience using VBA, Python or other programming language to format large data sets.
7. Prior experience with multi-asset class portfolio management software.
8. Client servicing experience with a high level of comfort communicating directly with clients.
9. Ability to work closely and collaborate with internal stakeholders.
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. 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.
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