Department Overview:Private Capital Administration provides third-party clients with comprehensive administration, financial accounting, and investor reporting services for their funds. Fund products supported include venture capital, buyout, mezzanine, life sciences, secondaries, fund of funds. Services include assistance with investment and divestment execution, investor drawdown and distributions, financial reporting and investor reporting.
Working Model: Hybrid
We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.
Job Description:Operates under general supervision but works on own most of the time. Candidate will serve on large and/or complex projects as requested. Must be technically competent to act as first point of reference for day-to-day queries while serving as a liaison to related areas. Have both broad and in-depth knowledge in chosen field, plus strong knowledge of related areas. Carries out relatively complex, extensive, high profile activities e.g. direct interaction with committees and more senior management. Demonstrates 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:- Responsible for performing a variety of accounting, analytical, & financial reporting duties ensuring client and investor activity reporting is prepared and completed appropriately.
- Serves as a technical accounting expert without management responsibilities and is seen as a subject matter expert and key advisor on significant business/accounting decisions to team and partners.
- Assists in preparing, compiling, and verifying external client and regulatory reporting.
- Prepares financial information for stockholders/investor reports.
- Researches and assists in interpreting the impact of recent accounting developments in the division. Disseminates findings to manager and other partners involved.
- Communicates with partners to resolve discrepancies or provide assistance on accounting or disclosure issues.
- Conducts special analysis and projects as assigned and prepares reports of detailed findings for management review.
- Helps train and monitor performance of team members, co-workers and client deliverables.
Knowledge/Skills:- This position is technical and service oriented. 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.
- 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 to utilize on-line and mainframe systems.
- Experience with Investran preferred.
- #LI-GG1
- #LI-Hybrid
Qualifications - External- 3-4 years of private equity accounting experience with a related business degree is a must with a minimum of 3 years client servicing or related experience. We are looking for individuals who have the ability to work effectively in a team environment, exhibiting initiative, leadership, and flexibility.
- The ideal candidate will have a formal education in accounting and/or related business degree, CPA accreditation, understand the complexities of the private equity markets via their past work experience and have experience with Investran and MS Suite of Systems (Excel/Access/Word) (intermediate/advanced level).
Salary Range:
$70,965 - 120,555 USD
Salary range is a good faith estimate of base pay. 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. Northern Trust also provides a discretionary bonus program that may include an equity component.
