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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. You will be working as a key member within the accounting 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.
Key Responsibilities
* Leading by example: Demonstrating professional judgement and attitude to deliver a first class professional and efficient service.
* Communication: Maintaining a strong relationship with the client, auditors, administration team and other Northern Trust departments.
* Accounting Team development: Coaching and developing partners, providing on-the-job training and ensuring procedures are updated and followed.
* Organisation of the Accounting Team: Establishing concise timetables for key deliverables, coordinating enhancements, prioritising assignments and escalating issues as needed.
* Technical knowledge: Advising on accounting issues and sharing knowledge; acting as a point of contact for technical accounting matters for the PE accounting team.
* Pro forma Accounts: Designing pro forma accounts in accordance with regulations/standards and with client/auditor agreement.
* Account preparation process: Overseeing financial reporting up to Board presentation, reviewing client accounting functions, ensuring statutory deadlines are met, and preparing financial reporting when required.
* Outsourced jurisdictions: Leading a local accounting team and reviewing reporting for funds where statements are outsourced.
* Client reporting: Developing client-specific knowledge to address ad-hoc queries.
* Other deliverables: Completing accurate complex fund valuations, distributions, calls/drawdowns, management fee and other calculations.
* Internal reporting: Completing NT internal reporting as required.
Team Administration
* Monitoring mailboxes and completing complex tasks; supporting all levels as required.
* Supporting team members with workloads and rotating tasks regularly.
Client Communications
* Providing premier client service by building strong relationships with the Investment Advisor and third parties.
* Working with the relationship manager on fee structures for new business.
* Developing knowledge of client requirements and processes; providing solutions drawing on experience and industry knowledge.
* Collaborating with the client and other teams to ensure delivery of client deliverables.
* Understanding fund administration and familiarising with issues to be considered by the Board of client entities.
* Presenting operational matters to the Board of Directors; may act as a client director on structures.
Departmental Tasks May Include
* Technical training across teams; updates to procedural documents.
* Client new business pitch support; outsourcing oversight support.
* Assisting with peak activity; monitoring departmental KPIs and policies.
* Leading internal communications for regulatory submissions; assisting with internal audits and control reviews.
General
* Understanding anti-money laundering legislation, particularly KYC for high-risk investors.
* Authorise instructions as an “A” signatory.
* Contribute to departmental management and inform senior management of significant developments.
* Work on ad-hoc internal projects and relevant tasks; understand Guernsey legislation and related company law and procedures.
Skills / Qualifications
* Accounting qualification (ACA or ACCA preferred); familiarity with GAAP and IFRS.
* Understanding of Guernsey Company / POI / Partnership laws and ability to stay up to date with developments.
* Excellent oral and written communication skills; confidence in communicating with clients and senior stakeholders.
* Proven people management and strong leadership and change management attributes.
* Good analytical and problem-solving skills; ability to set priorities and meet deadlines.
* Advanced Excel skills; knowledge of Investran is an advantage.
* Good team player, self-starter, flexible, able to work under pressure with minimal supervision.
Working With Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture in an organization focused on financial strength and stability. Movement within the organization is encouraged; senior leaders are accessible, and the company is committed to an inclusive workplace. We welcome discussions about flexible working arrangements.
Reasonable accommodation
Northern Trust is committed to providing reasonable accommodations to individuals with disabilities. If you need an accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
For further information, and to apply, please visit our website via the “Apply” button below.
Seniority level
* Mid-Senior level
Employment type
* Full-time
Job function
* Accounting/Auditing and Finance
Industries
* Accounting
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