Associate Specialist, Private Capital Administration

Northern Trust Corp; Tempe, Northern (AZ, KY); Hybrid; USD 82,000 - 139,000; Full time

Job summary

Northern Trust is seeking an Associate Specialist for Private Capital Administration in Tempe. You will support quarterly NAVs, fund closes, and financial statements for PCA clients, working with PCA teams and external auditors in a hybrid model between office and remote work.

Ideal candidates have a college degree, CPA preferred, and strong communication, analytical, and technical skills (Investran, Arc Reporting). This role requires attention to detail and adaptability in a dynamic environment.

Qualifications

• Excellent verbal and written communication skills required.
• In-depth functional/industry knowledge required.
• Attention to detail and collaboration skills required.

Responsibilities

• Review quarterly fund and business entity closing summaries.
• Prepare financial statements for funds.
• Interact with clients and PCA teams to understand fund activities.
• Work with external auditors to ensure accuracy of annual financial statements.
• Automate manual processes to improve efficiency in PCA systems.

Skills

Excellent communication

Industry knowledge

Attention to detail

Analytical skills

Problem solving

Technical systems knowledge

Education

College degree

CPA certification (preferred)

Tools

Investran

Arc Reporting

Job description

## Associate Specialist, Private Capital AdministrationApply: Tempe, AZ: Full time: Posted Yesterday: R158003**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:** HybridWe 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 :**1. Review of quarterly fund and business entity closing summaries. 2. Report and analyze financial data to be disseminated to our clients and their investors. 3. Close quarterly books and records of the funds to generate final performance figures. 4. Interact with clients and other PCA teams to obtain understanding of funds’ activities. 5. Prepare financial statements for funds. 6. Work directly with external auditors to ensure accuracy of each fund’s annual financial statements. 7. Operates independently; has in-depth knowledge of business unit / function. 8. Focus on operational risk and profitability by automating manual processes/calculations and recommending procedures to improve our integration environment and corresponding testing. 9. A subject-matter expert on PCA systems to answer questions on functionality/capability to assist with business problem solving. 10. 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. 11. Research technical accounting policy questions for complex client transactions or related to new accounting pronouncements and monitor changes to U.S. GAAP and IFRS. 12. 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* #LI-GG1* #LI-Hybrid**Experience :*** A College or University degree and/or relevant proven work experience is required.* Related Industry qualification (e.g. CPA) is preferredSalary 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).