Senior Accountant, Private Equity Accounting

About the role

Northern Trust, a Fortune 500 company founded in 1889, is a global financial institution known for its excellence and integrity. The company offers innovative financial services and guidance to sophisticated clients worldwide. Private Capital Administration supports third-party clients with comprehensive administration, financial accounting, and investor reporting services for various fund products, including venture capital, buyout, mezzanine, life sciences, secondaries, and fund of funds.

Department Overview

Private Capital Administration provides third-party clients with comprehensive administration, financial accounting, and investor reporting services for their funds. Services include assistance with investment and divestment execution, investor drawdown and distributions, financial reporting and investor reporting.

Working Model

We have a balanced hybrid working model to ensure flexibility, with the successful candidate spending time between the office and remote work.

Job Description

• Operates under general supervision but works on own most of the time.
• Serve on large and/or complex projects as requested.
• Act as first point of reference for day-to-day queries while serving as a liaison to related areas.
• Carry out relatively complex, extensive, high-profile activities such as direct interaction with committees and more senior management.
• Demonstrate excellent analytical, consultative, and communication and judgment skills.
• May lead projects and/or train lower-level staff.
• Focus on maintenance and implementation of policies and procedures in the function while building towards becoming a stronger area expert.

Major Duties

• Perform a variety of accounting, analytical, & financial reporting duties ensuring client and investor activity reporting is prepared and completed appropriately.
• Serve as a technical accounting expert without management responsibilities and be seen as a subject matter expert and key advisor on significant business/accounting decisions to team and partners.
• Prepare, compile, and verify external client and regulatory reporting.
• Prepare financial information for stockholders/investor reports.
• Research and assist in interpreting the impact of recent accounting developments in the division.
• Disseminate findings to manager and other partners involved.
• Communicate with partners to resolve discrepancies or provide assistance on accounting or disclosure issues.
• Conduct special analysis and projects as assigned and prepare reports of detailed findings for management review.
• Help train and monitor performance of team members, co-workers and client deliverables.

Knowledge/Skills

• Knowledge of private equity accounting normally acquired through a four-year degree program or related work experience is required to perform private equity administration, financial accounting and reporting duties.
• Knowledge of federal, state, and local regulatory reporting usually acquired through related work experience is necessary to prepare reports.
• Analytical skills and problem-solving skills are necessary to utilize financial data and prepare reports.
• Strong personal computer skills and being well-acquainted with Microsoft Excel are required to prepare financial reports and utilize on-line and mainframe systems.
• Experience with Investran preferred.

Qualifications - External

• 3-4 years of private equity accounting experience with a related business degree is a must.
• A minimum of 3 years client servicing or related experience.
• The ideal candidate must have strong personal computer skills and be well-acquainted with Microsoft Excel, as they are required to prepare financial reports and utilize on-line and mainframe systems.
• Experience with Investran and MS Suite of Systems (Excel/Access/Word) (intermediate/advanced level).

Benefits

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. A discretionary bonus program that may include an equity component is also provided.

Pay

$70,965 - 120,555 USD Salary range is a good faith estimate of base pay.

Schedule

Hybrid working model with flexibility between office and remote work.