Associate Specialist, Fixed Income & Bank Debt, Middle Office, Hedge Fund Services

About Northern Trust:

Northern Trust a Fortune 500 company is a globally recognized awardwinning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the worlds 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 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.

Job Description: Associate Specialist

Fixed Income & Bank Debt Middle Office Asset Servicing Hedge Fund Services

Summary:

Northern Trust Hedge Fund Services is a rapidly expanding global fund administrator specializing in administering assets of complex hedge funds private equity funds pensions insurance companies CLOs and other asset managers. The successful candidate will be an ambitious selfstarter who has demonstrated the ability to function as an effective and strategic team member in a dynamic fastpaced and demanding environment. This position will be responsible for leading the operational support of our clients Private Credit assets. The functions include syndicated and private bank loan trade management and trade closing lifecycle event processing compliance and waterfall reporting and cash position and PNL reconciliations. The candidate is expected to deliver excellent client service daily by way of operational process execution in depth and current market and product knowledge technical aptitude and professional communication.

Key Duties and Responsibilities:

• Lead and execute daily monthly and quarterly deliverable for multiple clients within a fastpaced challenging environment
• Liaise with clients counterparties trustees and agents to facilitate the closing of syndicated bank loan trading activity on ClearPar.
• Verify process and reconcile trading and life cycle activities on a daily basis
• Manage compliance and waterfall support for client managed CLOs
• Monitor and maintain all private and bank debt positions accruals and cash flows to ensure accurate P&L for financial reporting and downstream deliverables.
• Build and strengthen internal and external relationships

Knowledge / Skills:

• Highly experienced professional with deep technical business and industry knowledge around private investments as well as broad functional expertise across multiple disciplines within portfolio management investment operations and fund accounting.
• Ability to handle multiple tasks simultaneously and with accuracy
• Has strong analytical organizational and problemsolving skills (solutionsoriented mindset)
• Ability to meet timesensitive deadlines with appropriate sense of urgency
• Fundamentally detail and process oriented and effective communicator
• Experience and proficiency in systems that support portfolio management middle office and compliance of private credit investments.
• Experience with ClearPar bank loan trade closing and CLOs is strongly preferred and familiarity with LSTA and LMA closing documents is preferred.
• Deep Familiarity and comfort level with Credit Agreements Note Agreements Warehouse Agreements Indentures and Waterfalls

Experience:

• A College or University degree and relevant proven work experience
• Related Industry qualification is valued (ex Masters degree big 4 public accounting/consultant experience CFA/CPA etc)
• Seasoned multidisciplinary expert with extensive technical and / or business/industry knowledge and functional expertise

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Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension) health and welfare benefits (medical dental vision spending accounts and disability) paid time off parental and caregiver leave life & accident insurance and other voluntary and wellbeing benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

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.

Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply 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 .

We hope youre 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.