Overview
Join to apply for the Associate Consultant, Private Debt role at ACCA Careers.
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. The organization provides innovative financial services and guidance to the world’s most successful individuals, families, and institutions, supported by enduring principles of service, expertise, and integrity.
Role
This person will be part of a client service team focusing on the middle office loan administration function. As the primary client contact for Private Debt, the person will oversee loan trade capture, trade affirmation to loan lenders, lifecycle event processing and asset servicing on the FIS VPM Platform.
The successful candidate will be a self-starter who can operate in a fast-paced, dynamic environment, resolve conflicts quickly, and add value by managing multiple tasks with minimal supervision, exemplary follow-through, and attention to detail. A familiarity with middle office loan trading support and debt security products is an advantage but not required.
Principal Responsibilities
* Support the daily processing for loan securities including Private Debt loans, Direct Lending loans, Club loans, and broadly syndicated loans (BSLs) such as Term Loans, Revolvers, Delayed Draw Term Loans.
* Identify incoming agent notices and process all lifecycle events for portfolios containing multiple asset types.
* Collaborate with Loan Administrators to interpret and resolve exceptions.
* Communicate clearly with agent banks to confirm and obtain loan notices.
* Communicate with internal and external parties including Loan Agents, Fund Accountants, Recon, Custody, Auditors, Vendors, and Clients as required.
* Support the daily processing for securities including Bonds, Equities and FX Forwards.
* Coordinate between clients, loan agents and internal teams to resolve breaks and open reconciliations for timely settlement.
* Process trade corrections and manage pre-settlement confirmations for private loan securities, including debt, equities, and bonds traded in international markets.
* Manage daily activities by providing clients with portfolio positions, posting transactions, and delivering information to Fund Accounting teams.
* Investigate and reconcile breaks and follow established escalation processes.
* Monitor trade capture and upload trades to the FIS VPM Platform.
* Create and maintain process flows and control tools for new business needs.
* Build and maintain internal and external relationships.
* Take on additional responsibilities and administrative tasks as required by managers or clients.
Skills / Experience
* Loan administration and private debt financial security instruments experience
* Experience of the Private Debt trade flow
* Experience with FIS VPM vended application is an advantage
* Ability to work under pressure and maintain high standards with tight deadlines and high volumes
* Proficiency in Microsoft Excel, Teams, Outlook, PowerPoint
* Excellent written and oral communication skills
* Proven team player with ownership and collaboration across the team
* Knowledge of custody, securities lending, prime brokerage, market trading practices and position processing
Working With Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture in a financially strong and stable organization that fosters new ideas. Movement within the organization is encouraged, senior leaders are accessible, and the company is committed to supporting the communities it serves. We invite you to build your career with us and apply today.
Reasonable accommodation: Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation during any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and discuss your flexible working requirements with us.
For further information and to apply, please visit our website via the “Apply” button below.
Seniority level
* Entry level
Employment type
* Full-time
Job function
* Consulting, Information Technology, and Sales
* Industries: Accounting
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