Job Opportunity
Sr. Accountant – Private Equity
Northern Trust | Chicago, IL
Job Summary
Serve on large or complex projects as requested. 3+ years of private equity accounting experience with a related business degree, with 3+ years client servicing or related experience.
Details
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
The 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.
Major Duties:
* Perform a variety of accounting, analytical, and 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 the team and partners
* Assist in preparing, compiling, and verifying 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 the manager and other partners involved
* Communicate with the 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 the team members, co-workers and client deliverables
* Operate under general supervision but work on own most of the time
* Serve on large and/or complex projects as requested
* Carry out relatively complex, extensive, high-profile activities, e.g. direct interaction with the committees and more senior management
* May lead projects and/or train the lower-level staff
* Focus on maintenance and implementation of policies and procedures in the function while building towards becoming a stronger area expert
Qualifications:
* Formal education in accounting and/or related business degree
* CPA accreditation
* 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
* Ability to work effectively in a team environment, exhibiting initiative, leadership and flexibility
* Understanding of the complexities of the private equity markets via their past work experience
* Experience with Investran and MS Suite of Systems (Excel/Access/Word) (intermediate/advanced level)
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
* 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
* Technically competent to act as first point of reference for day-to-day queries while serving as a liaison to related areas
* Both broad and in-depth knowledge in chosen field, plus strong knowledge of related areas
* Excellent analytical, consultative and communication and judgment skills
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.
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- Job Reference #: R130022
- Min Education: BA/BS
- Min Experience: 3 years