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This position has closed. Northern Trust removed this listing from their careers page on Oct 6, 2026. The interview prep below is still useful, and there are similar open roles at the bottom of this page.

Consultant, Fund Administration, Integrated Portfolio Services

Northern Trust · Chicago, IL · $74,200–$126,200 a year · Full time

Posted Sep 21, 2026 · We last checked this listing on Oct 4, 2026

Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

Tell me about a time you caught an error that would have reached a client. How did you find it?

What they are checking: Attention to detail backed by a repeatable checking habit, not luck.

Describe how you handle a day with heavy trade volume and tight deadlines.

What they are checking: Whether they stay accurate under pressure in a fast, demanding hedge fund environment.

Tell me about a time you took initiative beyond your assigned tasks to improve a process.

What they are checking: Evidence of the self-starter behavior the posting asks for, with a concrete result.

What would you do

You find a cash break with a prime broker that's been open for three days. What do you do?

What they are checking: Urgency and method in chasing aged breaks before they affect the NAV or client trust.

How do you explain a reconciliation break to a client's operations team who believes the error is yours?

What they are checking: Calm, evidence-based communication with sophisticated clients during disputes over who is right.

About the work

Walk me through your daily reconciliation of positions and transactions for a hedge fund holding equities, futures and OTC derivatives.

What they are checking: Whether they know the actual workflow and the different break sources for each asset class.

How do OTC products like swaps or options create reconciliation challenges that listed products don't?

What they are checking: Understanding of counterparty statements, valuation differences and lifecycle events that complicate OTC reconciliation.

What fixed income details trip people up when reconciling positions and accruals?

What they are checking: Working knowledge of accrued interest, factors on amortizing securities and settlement conventions that create breaks.

How would you use Excel or another tool to speed up a repetitive reconciliation task?

What they are checking: Practical automation skills that reduce manual risk, which matters with many funds and daily cycles.

A futures position shows the right quantity but the wrong P&L. Where do you start looking?

What they are checking: Diagnostic thinking about prices, multipliers, variation margin and trade dates on futures.

Practice this interview out loud.

Offer builds a real interview for this exact role at Northern Trust from your resume and this job description, asks the questions one at a time, and tells you what landed. The first one is free.

Practice this out loud

The full job description

As published by Northern Trust.

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. Job Posting Title Consultant, Fund Administration, Integrated Portfolio Services Job Description Summary Under general supervision, this role is responsible for supporting fund accounting activities within Integrated Portfolio Services. The Fund Administration team delivers monthly net asset value (NAV) calculations, financial reporting, annual draft financial statements, and audit and tax support for clients. This position partners closely with clients and internal stakeholders to ensure the timely and accurate delivery of fund accounting and reporting services. Key Responsibilities • Review monthly fund and business entity closing summaries. • Analyze and prepare financial information for client and investor reporting. • Perform month-end NAV and fund accounting activities. • Prepare annual financial statements for funds. • Partner with clients and internal teams to understand fund activities and resolve issues. • Support annual audits and work directly with external auditors. • Serve as a subject matter expert and mentor to junior team members. • Participate in projects and initiatives with meaningful client and business impact. Qualifications • Bachelor's degree in Accounting, Finance, or a related field, or equivalent relevant experience. • Prior experience in fund accounting, fund administration, alternative investments, or public accounting preferred. • Strong analytical, organizational, and problem-solving skills. • Excellent verbal and written communication skills. • Ability to manage multiple priorities in a fast-paced, deadline-driven environment. • Professional certifications such as CPA, ACCA, or equivalent are a plus. #LI-HY #LI-CL1 Salary Range: $74,200 - 126,200 USD 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 well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component. 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. 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 MyHRHelp@ntrs.com , or alternatively you can discuss your individual requirements with the recruiter you are working with.