Senior Fund Accountant, Private Equity Accounting

073 NT Guernsey Ltd; St Peter Port; On-site; GBP 45,000 - 65,000; Full time

Job summary

Northern Trust is seeking a dedicated PE Operations professional to join the private equity accounting team in Guernsey. You will handle fund accounting tasks and liaise with Investment Advisors to meet client deliverables in a timely manner.

The role focuses on core accounting, reporting and client service, with opportunities to broaden knowledge across fund products and investment structures within NT’s global platform.

Qualifications

• Previous experience of fund accounting or fund administration of private equity funds, credit funds or perpetual funds is necessary
• Be at a minimum part qualified ACA or ACCA
• Be computer literate with proven ability to learn new systems and processes, with data literacy skills advantageous
• Possess excellent organisation skills with the ability to handle multiple priorities, escalating issues where necessary
• Have customer service orientation with a concern for quality including being effective in the use of a variety of communication methods
• and Ability to problem solve and be a team player

Responsibilities

• Provide premier client service by building strong relationships with the Investment Advisor and other third parties
• Develop knowledge of client bespoke requirements for key processes
• Monitor assigned mailboxes and pro-actively complete tasks
• Support training and assist team members with workloads
• Investments: maintain records, process purchases/disposals and monitor valuations
• Accounting: bookkeep valuations and reconcile accounts
• Client reporting: prepare regular reports for senior management and deal teams
• Investor reporting: respond to adhoc investor queries and prepare/stage reports
• Coordinate with the Accounting Team to meet client expectations and improve processes
• Maintain accounts tracker and liaise with other NT departments

Skills

Fund accounting

Client service

Attention to detail

Analytical skills

Communication

Education

ACCA/ACA part qualified

Tools

SharePoint

Fund accounting systems

Job description

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 close team to ensure deliverables are met. You will be working as a key member within the accounting team whilst providing additional support to the wider team that administers a very large client with an active investment portfolio across multiple fund products. Key components of the role include liaising with internal teams and the Investment Advisor, completion of client bespoke tasks, completion of investment 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 including working closely with the client to resolve queries and other teams within NT to ensure completion of client deliverables.
• Developing a thorough knowledge of your client and their bespoke requirements with regards to key processes performed in their systems.
• Own the monitoring of assigned mailboxes, pro-actively completing tasks and those assigned by management.
• Support basic training of tasks that are learnt on-the-job and support other team members with workloads and rotate tasks on a regular basis.
• Investments: Create and maintain investment and portfolio records in the client’s bespoke systems, including preparing and processing of purchases and disposals; recording of income receipts; monitoring monthly or quarterly valuations and understanding other types of complex investment transactions and restructurings.
• Accounting: Bookkeep valuations in structures, perform periodic reconciliations and prepare invoice coding for all fund products.
• Client reporting: Develop client specific knowledge to facilitate the preparation of regular reporting for the client’s senior management, finance, investor relations and deal team. This includes having detailed understanding of fund structures and the investment portfolio across fund products.
• Investor reporting: Complete adhoc queries for investors where quantitative data forms a part of the response and other stakeholder reporting, including supporting preparation and review of reports within set deadlines.
• Organisation of the Accounting Team: For various deliverables, ensure that client expectations 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 elevate issues appropriately.
• Other: Prepare and maintain accounts tracker for the fund products; monitor the accounts preparation, 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.

Skills/ Qualifications:

The successful candidate will benefit from having:

• Previous experience of fund accounting or fund administration of private equity funds, credit funds or perpetual funds is necessary
• The ideal candidate would be at a minimum part qualified ACA or ACCA
• Be computer literate with proven ability to learn new systems and processes, with data literacy skills advantageous
• Possess excellent organisation skills with the ability to handle multiple priorities, escalating issues where necessary
• Have customer service orientation with a concern for quality including being effective in the use of a variety of communication methods
• and Ability to problem solve and be a team player

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 [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

Looking for greater?

You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

Terms and Conditions

Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected under federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.)