Associate Specialist, Private Capital Administration

ACCA Careers; Tempe (AZ); Hybrid; USD 82,000 - 139,000; Full time

Benefits offered by this job

401k plan

Healthcare benefits

Job summary

Northern Trust is seeking a Fund Administration professional to support PCA clients, delivering quarterly NAVs, financials, and annual tax/audit support. The role emphasizes cross-functional collaboration, accuracy, and adherence to GAAP/IFRS. Hybrid work model with in-office and remote days.

The ideal candidate has a college degree, CPA preferred, and strong communication and analytical skills to liaise with clients and auditors.

Qualifications

• Bachelor’s degree or equivalent work experience.
• CPA or related qualification preferred.
• Strong communication and documentation skills.
• Solid understanding of US GAAP and IFRS.

Responsibilities

• Review quarterly fund and business entity closing summaries.
• Report and analyze financial data for clients and investors.
• Close quarterly books and records to generate final performance figures.
• Interact with clients and PCA teams to understand funds’ activities.
• Prepare financial statements for funds.
• Coordinate with external auditors on annual financial statements.
• Identify opportunities to improve efficiency and automate processes.
• Serve as a subject-matter expert on PCA systems and functionality.

Skills

Communication skills

Financial analysis

Attention to detail

Problem solving

Cross-functional collaboration

Education

Bachelor's degree in Finance or Accounting

Tools

Investran

Arc Reporting

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.

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.

Summary

Responsible for fund administration activities for Private Capital Administration “PCA” clients. The Fund Administration group for PCA is responsible for providing private equity clients with quarterly NAVs and financials, annual draft financials and annual tax and audit support. Technical expert without management responsibilities, seen as a key advisors on business decisions. Consistently displays a balanced, cross-functional perspective, liaising with the rest of the business to improve efficiency, effectiveness and productivity.

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.

Major Duties

• Review of quarterly fund and business entity closing summaries.
• Report and analyze financial data to be disseminated to our clients and their investors.
• Close quarterly books and records of the funds to generate final performance figures.
• Interact with clients and other PCA teams to obtain understanding of funds’ activities.
• Prepare financial statements for funds.
• Work directly with external auditors to ensure accuracy of each fund’s annual financial statements.
• Operates independently; has in-depth knowledge of business unit / function.
• Focus on operational risk and profitability by automating manual processes/calculations and recommending procedures to improve our integration environment and corresponding testing.
• A subject-matter expert on PCA systems to answer questions on functionality/capability to assist with business problem solving.
• Work with PCA’s internal shared service teams to resolve accounting-related questions on how transactions should be recorded to ensure the proper accounting treatment.
• Research technical accounting policy questions for complex client transactions or related to new accounting pronouncements and monitor changes to U.S. GAAP and IFRS.
• Partner with PCA IT’s external vendors on development approach related to new functionality.

Knowledge:

• Excellent oral and written communication skills are required
• In-depth Functional / Industry Knowledge is required
• Attention to detail and collaboration skills required.
• Analytical, procedurally competent and problem-solving skills.
• Highly flexible and adaptable to change
• Technical skills / systems knowledge (e.g. Investran, Arc Reporting) are required

Experience

• A College or University degree and/or relevant proven work experience is required.
• Related Industry qualification (e.g. CPA) is preferred

Salary Range

$81,605 - 138,605 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

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.