Lead Performance Fee Specialist - Fund Accounting

Northern Trust Corp; Limerick; On-site; EUR 90,000 - 150,000; Full time

Job summary

Northern Trust is recruiting a performance fee specialist to support Luxembourg fund accounting and client servicing teams. You will interpret complex performance fee structures, review client specifications and ensure operational readiness across service lines.

The role requires expert knowledge of performance fee calculations, strong governance, and collaboration with Audit, Risk and senior management to drive automation and control improvements.

Qualifications

• Extensive Fund Accounting, Private Markets, Performance Fee or investment operations experience.
• Recognised subject matter expertise in performance fee calculations, methodologies, calculation mechanics and governance.
• Current knowledge and understanding of regulatory expectations.

Responsibilities

• Provide specialist subject matter expertise on complex performance fee methodologies, including NAV Based, Equalisation, Series of shares, investor-level and bespoke alternative fee structures.
• Support client onboarding, fund launches and transitions by reviewing proposed performance fee arrangements and ensuring operational readiness across Fund Accounting and related service teams.
• Review fund prospectuses, offering documents, investment management requirements, worked examples and client specifications to ensure performance fee models align with legal documentation and client expectations.
• Perform independent review and approval of performance fee calculation models, templates, worked examples and supporting logic documentation before implementation or change.
• Act as a trusted advisor to Fund Accounting, New Business & Transitions, Relationship Management and clients in resolving complex performance fee queries and onboarding challenges.
• Identify, assess and respond to operational risk throughout the performance fee lifecycle, including methodology interpretation, model selection, manual inputs, exception management and change control.
• Lead or support strategic projects involving performance fee automation.
• Partner with Audit, Risk, Compliance and senior management on audit findings, regulatory questions, governance reviews and process improvement actions relating to performance fees.
• Develop and maintain procedures, training materials, best practice guidance for performance fee models and related calculation mechanics.
• Support the strategic direction of Northern Trust’s global performance fee operating model, with a particular focus on complex fee structures, scalability, automation and control.

Skills

Fund Accounting

Performance Fee calculations

Regulatory knowledge

Client management

Education

Relevant professional qualifications

Tools

Excel

Job description

Northern Trust is recruiting a performance fee specialist to support Luxembourg fund accounting and client servicing teams. You will interpret complex performance fee structures, review client specifications and ensure operational readiness across service lines.

The role requires expert knowledge of performance fee calculations, strong governance, and collaboration with Audit, Risk and senior management to drive automation and control improvements.