About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 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 work as a closely to ensure deliverables are met.
You will be working as a key member within the administration team whilst 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:
Client contact:
- 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;
- Working with other teams within NT to ensure delivery of client deliverables;
- Responsible for the delivery of key client tasks, organising others in the team to ensure deadlines are met;
- Ability to run projects with the client with regards to a variety of more complex tasks;
- To have a good understanding of fund administration business.
Team Administration
- Own the monitoring of assigned mailboxes, completing tasks assigned by management;
- Support basic training of tasks that are learnt on-the-job;
- Support other team members with workloads and rotate tasks on a regular basis;
- Perform reviews of junior team members work.
General tasks may include:
- Complex accounts Preparation/Review under various GAAP/IFRS standards
- Bookkeeping / Cash Management
- Investments: Update and maintain 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: Calculate call/distribution amounts for recommendation by client; liaise with client and investors regarding receipt/payment of monies; liaise with financial institutions receiving or making payment of fund and maintain accounting records.
- Develop 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.
- Investor reporting: Complete common / regular reporting for investors where quantitative data forms a part of the response.
- AIFMD and Solvency II Reporting: Review data exported from accounting systems and filing final reports with regulators / investors as applicable.
- Tax Reporting: Provide information for tax returns to internal and external tax professionals; review qualitative and quantitative data prior to supply of returns to investors; liaise with other internal departments such as CDD and Tax across numerous judications. Examples include FATCA & CRS; UK, German and US tax reporting.
- Organisation of the Accounting Team: For various deliverables, ensure that agreed timetables are adhered to and that proactive communication is maintained throughout the process; identify system and process enhancements for discussion with the wider team; prioritise assignments, providing continuous feedback to the team and escalate issues appropriately.
- Other: Prepare and circulate accounts and tax timetables; advise on potential accounting issues & best practises; prepare management fee and carried interest calculations; input and update SharePoint-based workflows; liaise with other Northern Trust departments and jurisdictions; maintain existing strong client relationships; deal with all queries in an efficient and timely manner and promote effective communication.
Risk Management & Efficiencies:
- To identify efficiencies and areas for improvement to reduce risk and become more efficient;
- Ensuring that technology available is being fully utilized in the most efficient manner;
- Working with technology to resolve any issues and improve processes;
- Working closely with legal/compliance to ensure all funds are in compliance with the relevant regulatory authorities;
- To ensure full and proper reporting to your manager of any operational issues;
- Where delays are expected to flag any service delivery issues as early as possible;
- Act as a subject matter expert and ab le to take on departmental tasks with limited support;
- Ongoing review of daily controls and communications of any new ideas or suggested procedural changes.
Skills/ Qualifications:
- The ideal candidate will 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 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
- Excellent oral and written communication skills
- Confidence in communicating directly with clients and other senior stakeholders
- Good analytical and problem solving skills
- Ability to set priorities and manage deadlines
- Advanced Microsoft Office skills, especially Excel, and knowledge of Investran would be an advantage
- 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, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.
Skills Required
- Accounting qualification (ACA or ACCA)
- At least 2 years relevant fund accounting or partially-qualified
- Experience preparing and reviewing accounts under various GAAP/IFRS standards (UK, US, Lux)
- Private equity fund administration experience
- Understanding of Guernsey company/POI/partnership laws and ability to keep up to date
- Experience with investor reporting, tax reporting (FATCA, CRS) and providing data for tax returns
- Experience with AIFMD and Solvency II reporting processes
- Advanced Microsoft Office skills, especially Excel
- Knowledge of Investran
- Excellent oral and written communication; confidence liaising with clients and senior stakeholders
- Ability to review junior team members' work and provide basic on-the-job training
- Ability to calculate management fees and carried interest and manage accounting timetables
Northern Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northern Trust and has not been reviewed or approved by Northern Trust.
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Retirement Support — Retirement offerings are positioned as a standout, with a 401(k) plus an additional employer-funded pension described as a differentiator. This combination is repeatedly framed as a meaningful offset within total rewards, especially for long-term financial security.
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Leave & Time Off Breadth — Time-off benefits are depicted as generous, spanning paid time off, holidays, and dedicated paid volunteer time. The breadth of leave options is highlighted as a consistent strength that supports work-life balance.
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Healthcare Strength — Health coverage is characterized as comprehensive, typically including medical, dental, vision, and mental-health support through an assistance program. The offering is portrayed as robust and family-supportive, with multiple plan options in some descriptions.
Northern Trust Insights
What We Do
As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence. Since our roots as a trust bank, we’ve grown to a global presence with more than 24,000 employees in more than 20 countries and across six core business units: Wealth Management Asset Management Asset Servicing Technology Corporate Functions Enterprise Operations Join a Team That’s Achieving Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done. Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you. Delivering value and adhering to our enduring principles What are enduring principles? Since our founding, they have guided our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity . What does this mean? Service Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results. Expertise Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions. Integrity Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.
Why Work With Us
At Northern Trust, we go further because we go together. We embrace flexibility, encourage balance, and prioritize inclusion at all levels, working together to keep you connected. We are committed to our employees—all 24,000 of them. Whether this is a first step or a bold new leap in your career, we’re here to help you move forward.
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