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About the Role

The Private Markets & Alternative Product Manager is responsible for the development, launch, ongoing management, and commercialization of alternative investment products, with primary ownership of the Series LLC offering. This role provides end-to-end product management across Series launches, investor onboarding and servicing, operations, governance, regulatory coordination, and service-provider oversight. The Product Manager will also support broader private-market offerings, including private equity, private credit, and other alternative investment strategies. Working across various departments and external partners, the Product Manager will ensure products are commercially relevant, operationally scalable, appropriately governed, and deliver a strong investor experience.

Responsibilities

Own the Series LLC offering across its lifecycle and lead the launch and implementation of new Series.
Coordinate investment, operational, legal, compliance, regulatory, tax, and investor onboarding requirements.
Oversee subscriptions, investor qualification, account establishment, funding, reporting, and ongoing servicing.
Partner with fund administrators and internal teams on NAVs, expense allocations, investor activity, cash movements, and lifecycle events.
Drive scalable processes, controls, and operating practices across Series formation and ongoing management.
Partner with Investments and Distribution to identify and develop private-market products aligned with client needs and strategic priorities.
Support product design and structuring across private equity, private credit, and other alternative strategies.
Evaluate structures including Series LLCs, private funds, evergreen funds, and interval funds.
Develop product business cases covering market opportunity, target investors, economics, operating requirements, risks, and commercialization.
Partner with Distribution and Marketing on positioning, investor engagement, launch plans, and sales-enablement materials.
Use market, client, and distribution feedback to inform product enhancements and future development.
Maintain effective product governance, controls, policies, documentation, and management reporting.
Coordinate governance activities, regulatory filings, audits, financial statements, tax reporting, valuation, and pricing matters.
Monitor product risks and resolve issues in partnership with Legal, Compliance, Risk, Tax, Finance, and Operations.
Manage key external relationships, including fund administrators, auditors, tax providers, legal counsel, custodians, and other partners.
Oversee the investor experience from onboarding through ongoing reporting and servicing.
Ensure the integrity of product, investor, financial, and Series-level data and strengthen supporting controls and infrastructure.

Requirements

Minimum 5 years' related experience to include experience in investment product management, product development, fund operations, fund administration, or alternative investments.
Experience with private funds, Series LLC structures, private equity, private credit, or other private-market products.
Strong understanding of the investment product lifecycle, including development, launch, onboarding, operations, governance, and ongoing management.
Familiarity with private-fund accounting, valuation, regulatory, audit, tax, and investor-reporting requirements.
Demonstrated ability to manage complex, cross-functional initiatives and external service-provider relationships.
Strong product ownership, analytical, project-management, communication, and problem-solving skills.
Client-focused mindset with strong attention to detail, governance, controls, and execution.
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.

Skills

Private Markets
Alternative Investments
Series LLC
Private Equity
Private Credit
Product Management
Product Development
Fund Operations
Fund Administration
Investment Product Lifecycle
Project Management
Analytical Skills
Communication Skills
Problem-Solving Skills

Location

Work Type

Full-time

Experience Level

Minimum 5 years

Education Level

Bachelor’s degree in finance, accounting, economics, business, or a related field
MBA, CFA, CAIA, or comparable advanced qualification preferred

Salary/Compensations

$99,600 - 169,200 USD

Benefits

Comprehensive benefits package
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
Other voluntary and well-being benefits
Discretionary bonus program that may include an equity component

About the Company

Northern Trust is a global leader in innovative wealth management, asset servicing, asset management and banking services.
Founded in 1889, the company is guided by principles of Service, Expertise, and Integrity.
With over 135 years of financial experience and over 24,000 partners, Northern Trust serves sophisticated clients using leading technology and exceptional service.
Northern Trust offers a flexible and collaborative work culture with a strong history of financial strength and stability.
Movement within the organization is encouraged, senior leaders are accessible, and the company is committed to an inclusive workplace and assisting the communities it serves.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of its culture.

Equal Opportunity

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities.