About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 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 works closely to ensure deliverables are met.
You will be working as a key member within the administration team while providing additional support to the wider team that administers either a variety of clients or a very large client with an active investment portfolio.
Key components of the role include liaising with internal teams and the Investment Advisor, completion of various non-accounting tasks, completion of all aspects of accounting and dealing with ad-hoc queries as they arise, all within scheduled timeframes and ensuring that all client KPIs are met.
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;
* Developing a thorough knowledge of your client and their bespoke requirements with regards to key processes;
* Working closely with the client to resolve complex issues and queries;
* Owning the monitoring of assigned mailboxes, completing tasks assigned by management;
* Performing reviews of junior team members' work;
* Complex accounts Preparation/Review under various GAAP/IFRS standards;
* Investments: Updating and maintaining investment and portfolio records on behalf of clients, including processing of purchases and disposals; recording of income receipts; revising quarterly valuations and understanding other types of complex investment transactions and restructurings;
* Investor Calls/Distributions: Calculating call/distribution amounts for recommendation by client; liaising with client and investors regarding receipt/payment of monies; liaising with financial institutions receiving or making payment of fund and maintaining accounting records;
* Company Secretarial duties (including, but not limited to): Assisting in the preparation of company minutes and agendas; processing investor transfers; maintaining/updating investor static information; reviewing external payment workflows;
* Developing client-specific knowledge to facilitate the delivery of ad-hoc queries. This includes having detailed understanding of fund structures and how they interact with one another;
* AIFMD and Solvency II Reporting: Reviewing data exported from accounting systems and filing final reports with regulators/investors as applicable;
* Tax Reporting: Providing information for tax returns to internal and external tax professionals; reviewing qualitative and quantitative data prior to the supply of returns to investors; liaising with other internal departments such as CDD and Tax across numerous jurisdictions. Examples include FATCA & CRS; UK, German and US tax reporting.
Skills/ Qualifications:
The ideal candidate will benefit from having:
* Hold an accounting qualification (ACA or ACCA preferred) and be familiar with UK, US, and Lux GAAPs;
* Those partially-qualified or with at least 2 years of relevant experience, preferably with debt instruments, will also be considered;
* Have a general understanding of the Guernsey Company / POI / Partnership laws and possess an ability to keep up to date with all applicable legal developments;
* Confidence in communicating directly with clients and other senior stakeholders;
* Good team player, self-starter, flexible, with the ability to work under pressure with minimal supervision;
* Able to demonstrate professional judgement and attitude in all aspects of work, including detailed self-review of own work.
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today.
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
For further information, and to apply, please visit our website via the “Apply” button below.
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