Senior Accountant, Private Equity Accounting
NACBA, Tempe, AZ, United States
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.
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, and fund of funds. Services include assistance with investment and divestment execution, investor drawdown and distributions, financial reporting, and investor reporting.
Working Model
Hybrid – a balanced working model that ensures flexibility, with time spent between the office and working from home.
Job Description
Operates under general supervision but works largely independently. The candidate will serve on large and/or complex projects as requested, acting as a first point of reference for day‑to‑day queries and liaising with related areas. Extensive knowledge in the chosen field and related areas is required. Responsibilities include maintaining and implementing policies and procedures, leading projects and training lower‑level staff, and ensuring policy compliance.
Major Duties
Responsible for performing a variety of accounting, analytical, and 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, disseminating findings to managers and partners.
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 typically acquired through a four‑year degree program or related work experience is required for private equity administration, financial accounting, and reporting duties.
Knowledge of federal, state, and local regulatory reporting typically acquired through related work experience is necessary to prepare reports.
Analytical and problem‑solving skills are necessary to utilize financial data and prepare reports.
Strong personal computer skills and proficiency with Microsoft Excel are required for preparing financial reports and using online and mainframe systems.
Experience with Investran is preferred.
Qualifications – External
3–4 years of private equity accounting experience with a related business degree and a minimum of 3 years of client servicing or related experience.
Formal education in accounting and/or a related business degree, CPA accreditation, understanding of private equity market complexities through past work experience, and experience with Investran and the MS Suite (Excel/Access/Word) at an intermediate/advanced level.
Salary Range
$70,965 – 120,555 USD
South Atlantic, United States
Benefits
Northern Trust provides a comprehensive benefits package including retirement benefits (401(k) 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 offers a discretionary bonus program that may include an equity component.
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.
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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.
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, and fund of funds. Services include assistance with investment and divestment execution, investor drawdown and distributions, financial reporting, and investor reporting.
Working Model
Hybrid – a balanced working model that ensures flexibility, with time spent between the office and working from home.
Job Description
Operates under general supervision but works largely independently. The candidate will serve on large and/or complex projects as requested, acting as a first point of reference for day‑to‑day queries and liaising with related areas. Extensive knowledge in the chosen field and related areas is required. Responsibilities include maintaining and implementing policies and procedures, leading projects and training lower‑level staff, and ensuring policy compliance.
Major Duties
Responsible for performing a variety of accounting, analytical, and 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, disseminating findings to managers and partners.
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 typically acquired through a four‑year degree program or related work experience is required for private equity administration, financial accounting, and reporting duties.
Knowledge of federal, state, and local regulatory reporting typically acquired through related work experience is necessary to prepare reports.
Analytical and problem‑solving skills are necessary to utilize financial data and prepare reports.
Strong personal computer skills and proficiency with Microsoft Excel are required for preparing financial reports and using online and mainframe systems.
Experience with Investran is preferred.
Qualifications – External
3–4 years of private equity accounting experience with a related business degree and a minimum of 3 years of client servicing or related experience.
Formal education in accounting and/or a related business degree, CPA accreditation, understanding of private equity market complexities through past work experience, and experience with Investran and the MS Suite (Excel/Access/Word) at an intermediate/advanced level.
Salary Range
$70,965 – 120,555 USD
South Atlantic, United States
Benefits
Northern Trust provides a comprehensive benefits package including retirement benefits (401(k) 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 offers a discretionary bonus program that may include an equity component.
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.
#J-18808-Ljbffr