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.
Role
An opportunity has arisen for the role of Consultant – Private Capital Administration & Transfer Agency within the Luxembourg Alternatives team.
This role offers the successful candidate the opportunity to develop expertise across the full private markets lifecycle and work closely with leading asset managers, investors, AIFMs, auditors and other service providers in a dynamic and fast-growing environment.
KEY RESPONSIBILITIES
Fund Administration & CLIENT DELIVERY
- Manage the day-to-day operational activities and service delivery for a portfolio of alternative investment structures, ensuring service levels, KPIs and deadlines are met.
- Prepare and review capital calls, distributions, partner transfers, and other investor-related transactions.
- Ensure accurate maintenance of investor and fund records within Investran and related systems.
- Review and approve operational deliverables, ensuring accuracy, completeness and adherence to client requirements.
- Respond to client, investor and internal stakeholder queries in a timely and professional manner.
- Build and maintain effective working relationships with clients, investors, AIFMs, auditors, tax advisors, and other key stakeholders, ensuring high-quality service delivery.
GOVERNANCE & Operational Excellence
- Perform oversight and review of activities completed by outsourced and offshore service teams, ensuring governance, controls and service standards are maintained.
- Monitor deliverables, deadlines and service metrics, escalating risks and issues as appropriate.
- Act as a point of escalation for operational matters and support the timely identification, resolution, and communication of issues and risks.
- Ensure adherence to Northern Trust policies, procedures and operational controls.
- Support process improvement initiatives and contribute to the enhancement and standardisation of operating procedures.
LEADERSHIP & TEAM COLLABORATION
- Build effective working relationships across teams and contribute to a positive and collaborative working environment.
- Provide coaching and support to junior team members through day-to-day guidance and knowledge sharing.
- Contribute to departmental and cross-functional projects and process improvement activities.
- Participate in training and development initiatives across the department.
Requirements (Qualifications and Knowledge/Skills/Competencies)
- Significant experience in Private Equity Transfer Agency and/or Fund Administration. Knowledge of Investran would be a strong advantage.
- Strong understanding of Luxembourg alternative fund structures, including RAIFs, SIFs, SCSp, SICARs and related regulatory requirements.
- Experience working within a client-focused operating environment.
- Strong organisational and prioritisation skills with the ability to manage multiple deadlines.
- Demonstrated ownership, accountability and problem-solving capability.
- High attention to detail and commitment to quality.
- Strong communication and stakeholder management skills.
- Ability to work independently and exercise sound judgement.
- Collaborative team player with a proactive and positive attitude.
- Continuous improvement mindset and willingness to contribute to operational enhancements.
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 at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.
About Our Luxembourg Office
In 2024, the Northern Trust Luxembourg office celebrated their 20th anniversary, an important chapter in their history. Having opened in 2004 to support one client, they have since grown their client base substantially and increased their headcount significantly, which now stands at over 400.
From modern fully equipped meeting rooms to a vast canteen with a view over a vegetable garden, maintained by our team all year round, and a rooftop where beehives have been installed, this space is truly a source of pride for our team. Learn more.
Skills Required
- Significant experience in Private Equity Transfer Agency and/or Fund Administration
- Knowledge of Investran
- Strong understanding of Luxembourg alternative fund structures (RAIFs, SIFs, SCSp, SICARs) and related regulatory requirements
- Experience working within a client-focused operating environment
- Strong organisational and prioritisation skills with ability to manage multiple deadlines
- Demonstrated ownership, accountability and problem-solving capability
- High attention to detail and commitment to quality
- Strong communication and stakeholder management skills
- Ability to work independently and exercise sound judgement
- Collaborative team player with a proactive and positive attitude
- Continuous improvement mindset and willingness to contribute to operational enhancements
Northern Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northern Trust and has not been reviewed or approved by Northern Trust.
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Retirement Support — Retirement offerings are positioned as a standout, with a 401(k) plus an additional employer-funded pension described as a differentiator. This combination is repeatedly framed as a meaningful offset within total rewards, especially for long-term financial security.
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Leave & Time Off Breadth — Time-off benefits are depicted as generous, spanning paid time off, holidays, and dedicated paid volunteer time. The breadth of leave options is highlighted as a consistent strength that supports work-life balance.
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Healthcare Strength — Health coverage is characterized as comprehensive, typically including medical, dental, vision, and mental-health support through an assistance program. The offering is portrayed as robust and family-supportive, with multiple plan options in some descriptions.
Northern Trust Insights
What We Do
As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence. Since our roots as a trust bank, we’ve grown to a global presence with more than 24,000 employees in more than 20 countries and across six core business units: Wealth Management Asset Management Asset Servicing Technology Corporate Functions Enterprise Operations Join a Team That’s Achieving Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done. Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you. Delivering value and adhering to our enduring principles What are enduring principles? Since our founding, they have guided our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity . What does this mean? Service Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results. Expertise Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions. Integrity Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.
Why Work With Us
At Northern Trust, we go further because we go together. We embrace flexibility, encourage balance, and prioritize inclusion at all levels, working together to keep you connected. We are committed to our employees—all 24,000 of them. Whether this is a first step or a bold new leap in your career, we’re here to help you move forward.
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