Private Markets, Alternative Product Manager

Northern Trust

. Own the Series LLC offering across its lifecycle and lead the launch and implementation of new Series .

Posted 10/24/2026full-timeUnited StatesMid-LevelSenior💰 $99,600 - $169,200 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in investment product management, including the development and lifecycle management of Series LLCs and private-market products. Strong analytical and project management skills are essential for overseeing complex initiatives and ensuring compliance with regulatory and governance standards.

Highest-signal resume keywords

Investment Product ManagementPrivate Funds ExperienceProduct DevelopmentRegulatory ComplianceProject Management

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Investment Product LifecyclePrivate EquityPrivate CreditFund OperationsFund AdministrationValuationTax ReportingInvestor ReportingGovernanceMarket Analysis

Soft Skills

Analytical SkillsProblem-Solving SkillsCommunication SkillsAttention to DetailClient-Focused Mindset

Certifications & Qualifications

MBACFACAIA

Industry Keywords

Series LLCPrivate-Market ProductsInvestment GovernanceCross-Functional InitiativesInvestor Onboarding

About the role

Key responsibilities & impact

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
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 with Legal, Compliance, Risk, Tax, Finance, and Operations
Manage relationships with fund administrators, auditors, tax providers, legal counsel, custodians, and other external 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

What you’ll need

Bachelor’s degree in finance, accounting, economics, business, or a related field
Minimum 5 years' related 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
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 employment-based visa sponsorship now or in the future
MBA, CFA, CAIA, or comparable advanced qualification preferred

Benefits

Comp & perks

Retirement benefits (401k and pension)
Health and welfare benefits including medical, dental, vision, spending accounts and disability
Paid time off
Parental and caregiver leave
Life and accident insurance
Other voluntary and well-being benefits
Discretionary bonus program that may include an equity component
Flexible and collaborative work culture
Movement within the organization is encouraged
Reasonable accommodation for individuals with health conditions and disabilities
Inclusive workplace
Philanthropy and community service opportunities