Senior Paralegal, Alternative Investments

Northern Trust

. Support all aspects of private fund formation and offerings .

Posted 11/6/2026full-timeChicago • Illinois • United StatesSenior💰 $74,200 - $126,200 per yearWebsite

Core Competencies

Role fit

Core Competencies

Use this summary to align your resume positioning with the role.

Demonstrates extensive knowledge of private fund formation, regulatory compliance, and legal documentation processes. Proven ability to manage complex legal tasks, coordinate with stakeholders, and provide transaction management support in a fast-paced environment.

Highest-signal resume keywords

Private Fund FormationRegulatory FilingsLegal ResearchInvestor Eligibility ReviewTeam Coordination

ATS Keywords

Tailor your resume

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills

Private Placement MemorandaLimited Partnership AgreementsOperating AgreementsSubscription DocumentsAML/KYC ReviewForm D FilingState Blue Sky NoticesForm ADVForm PFPrivate Fund Structures

Soft Skills

Excellent Writing SkillsVerbal Communication SkillsOrganizational SkillsCustomer Service SkillsTime Management Skills

Tools & Technologies

Legal DatabaseSEC EDGAR

Certifications & Qualifications

Paralegal CertificateBachelor’s Degree in Paralegal Studies

Industry Keywords

Asset ManagementInvestment ManagementPrivate EquityHedge FundsReal AssetsFund-of-FundsSecurities LawsInvestment Advisers ActRegulation DFinancial Services Industry

About the role

Key responsibilities & impact

Support all aspects of private fund formation and offerings
Prepare, review and coordinate private placement memoranda, limited partnership and operating agreements, subscription documents, side letters and related fund documentation
Conduct legal research and independently handle relatively complex legal tasks
Review subscription documents for investor eligibility, ERISA/benefit plan investor status, and coordinate AML/KYC review
Manage fund launches, closings and ongoing fund matters with internal and external stakeholders
Escalate matters and consult with Legal Department attorneys on special projects and assignments
Prepare and file Form D, state blue sky notices, Form ADV, Form PF and other regulatory filings
Review fund documentation, capital call and distribution notices, transfers and redemptions for deadlines and conformity with governing documents and legal requirements
Communicate with investors, clients, fund administrators and government agencies to answer questions and collect information
Provide transaction management support, including closing checklists, signature pages, closing sets, side letter obligations and MFN elections
Maintain fund entity records, executed fund documents and legal database updates
Work closely with external counsel
Assist in training and mentoring new paralegals and interns
Assist with assigned projects and tasks

Requirements

What you’ll need

Eight+ years of experience is required
Bachelor’s degree in paralegal studies, paralegal certificate OR the equivalent combination of formal education, training and/or experience
Previous corporate law department, asset management and/or large law firm investment management or private funds experience
Knowledge of the financial services industry and alternative investment products, including private equity, hedge funds, real assets and/or fund-of-funds
Thorough knowledge of private fund structures and applicable securities laws and regulations, including Regulation D under the Securities Act of 1933 and the Investment Advisers Act of 1940
Knowledge of SEC EDGAR and state blue sky filing processes
Knowledge of legal terminology and strong analytical skills
Excellent writing, verbal communication, organizational and customer service skills
Ability to work in a team environment and coordinate workloads
Ability to multitask and meet aggressive, time-sensitive deadlines
Time management skills for processing a large workload with competing deadlines
Ability to work effectively with internal and external clients, team members, management and staff
Self-motivated, confident problem solver for a fast-paced environment
Must be authorized to work in the U.S. without employment-based visa sponsorship now or in the future

Benefits

Comp & perks

Retirement benefits (401k and pension)
Health and welfare benefits (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 hybrid working model
Reasonable accommodations for individuals with health conditions and disabilities
Flexible and collaborative work culture
Internal movement opportunities
Philanthropy and community service opportunities