Analyst, Alt Investments

Position Summary

We are seeking a detail-oriented and highly motivated Reconciliation Analyst to join our Alternative Investments Syndicated Bank Loans Team. This role plays a critical part in ensuring accurate position data by reconciling Northern Trust's records with those of Investment Managers, and third-party vendors.

In this role you will also be responsible for processing pending trades and capitalized interest transactions-supporting the accuracy and integrity of loan activity and balances. This role is ideal for individuals looking to build a foundation in financial operations within a dynamic, high-accountability environment.

Key Responsibilities

• Perform daily position reconciliations across assigned accounts using internal reconciliation tools and Microsoft Office applications.
• Research, identify, and resolve position breaks and exceptions between Northern Trust, Investment Managers, and vendor data.
• Respond promptly and professionally to internal and external email inquiries.
• Process and validate pending trades and capitalized interest transactions to ensure timely and accurate updates to loan positions.
• Collaborate with Investment Managers and internal departments (e.g. accounting, client services) to address breaks and data discrepancies.
• Document reconciliation findings, resolution steps, and track outstanding issues.
• Assist in special projects and process improvement initiatives as assigned.
• Gain fluency in internal systems, proprietary software, and reconciliation tools to support daily workflows.

Qualifications

Required

• Bachelor's degree in Finance, Accounting, Economics, or a related field
• Excellent attention to detail and strong analytical/problem-solving skills
• Effective communication skills (both verbal and written)
• Proficient in Microsoft Excel and general Office applications
• Ability to manage time effectively, prioritize tasks, and work under deadlines
• Strong sense of ownership, initiative, and accountability

Preferred

• Internship/work experience or academic experience in finance, accounting, loan servicing, or trade operations
• Work schedule will be congruent to our Chicago office hours (start time will be 6:30am/7:30am depending on Daylight Savings)

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

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.