Senior Fund Accountant, Private Equity Accounting

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.

Role/ Department

A vacancy has arisen in our Private Equity (PE) Operations team. Northern Trust offers a first class service to a variety of PE clients and work as a close team to ensure deliverables are met.

You will be working as a key member within the accounting team whilst providing additional support to the wider team that administers a very large client with an active investment portfolio across multiple fund products.

Key components of the role include:

• Liaising with internal teams and the Investment Advisor
• Completion of client bespoke tasks
• Completion of investment accounting
• Dealing with ad-hoc queries as they arise
• Ensuring all client KPIs are met within scheduled timeframes

The Key Responsibilities Of The Role Include

• Providing a premier client service by building strong relationships with the Investment Advisor and any other third parties including working closely with the client to resolve queries and other teams within NT to ensure completion of client deliverables.
• Developing a thorough knowledge of your client and their bespoke requirements with regards to key processes performed in their systems.
• Own the monitoring of assigned mailboxes, pro-actively completing tasks and those assigned by management.
• Support basic training of tasks that are learnt on-the-job and support other team members with workloads and rotate tasks on a regular basis.
• Investments:
  • Create and maintain investment and portfolio records in the client’s bespoke systems, including preparing and processing of purchases and disposals; recording of income receipts; monitoring monthly or quarterly valuations and understanding other types of complex investment transactions and restructurings.
• Accounting:
  • Bookkeep valuations in structures, perform periodic reconciliations and prepare invoice coding for all fund products.
• Client reporting:
  • Develop client specific knowledge to facilitate the preparation of regular reporting for the client’s senior management, finance, investor relations and deal team. This includes having detailed understanding of fund structures and the investment portfolio across fund products.
• Investor reporting:
  • Complete adhoc queries for investors where quantitative data forms a part of the response and other stakeholder reporting, including supporting preparation and review of reports within set deadlines.
• Organisation of the Accounting Team:
  • For various deliverables, ensure that client expectations are adhered to and that proactive communication is maintained throughout the process; identify system and process enhancements for discussion with the wider team; prioritise assignments, providing continuous feedback to the team and escalate issues appropriately.
• Other:
  • Prepare and maintain accounts tracker for the fund products; monitor the accounts preparation, input and update SharePoint-based workflows; liaise with other Northern Trust departments and jurisdictions; maintain existing strong client relationships; deal with all queries in an efficient and timely manner and promote effective communication.