Manager, Prvt Equity Acctng

Northern Trust; Chicago (IL); Hybrid; USD 103,000 - 175,200; Full time

Benefits offered by this job

401k and pension benefits

Health and welfare benefits

Paid time off

Discretionary bonus program

Job summary

Northern Trust in Chicago is looking for a leader to manage the Private Equity Accounting group. This role requires excellent communication skills, functional knowledge, and the ability to adapt to change within a hybrid work model.

The successful candidate will oversee performance management, staffing decisions, and contribute to strategic planning. A college degree and relevant experience are preferred.

Compensation ranges from $103,000 to $175,200 USD annually, complemented by comprehensive benefits.

Qualifications

• Proven work experience in accounting or finance.
• Ability to adapt to changes within the organization.
• Experience with performance management and team development.

Responsibilities

• Manage the Private Equity Accounting group.
• Conduct performance management processes.
• Make staffing decisions to accomplish priorities.
• Develop and support the strategic plan and budget management process.
• Provide leadership within specialized groups.
• Execute strategic direction of business function activities.

Skills

Excellent oral and written communication skills

Functional / Industry Knowledge

Technical skills / systems knowledge

Leadership and organizational skills

Education

College or University degree

Related Industry qualification

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.

Department Overview

Private Capital Administration provides third‑party clients with comprehensive administration, financial accounting, and investor reporting services for their funds. Fund products supported include venture capital, buyout, mezzanine, life sciences, secondaries, fund of funds. Services include assistance with investment and divestment execution, investor drawdown and distributions, financial reporting and investor reporting.

Working Model

Hybrid: 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

• Responsible for managing the Private Equity Accounting group(s).
• Conducts the performance management process, identifies training and development needs, and establishes performance standards for the relevant groups.
• Makes staffing decisions, and ensures resources are available to accomplish priorities.
• Participates in developing/provides input and support to the strategic plan and budget management process.
• Provides additional leadership support within large specialized groups.
• Seasoned multi-disciplinary expert with extensive technical and / or business knowledge and functional expertise.
• Focus of role is on execution of strategic direction of business function activities.
• Carries out complex initiatives involving multiple disciplines and/or ambiguous issues.
• Displays a balanced, cross‑functional perspective, liaising with the business to improve efficiency, effectiveness and productivity.
• Conducts performance management and career development processes, provides input for staffing and disciplinary actions and provides hands‑on training to staff.
• Develops periodic goals, organizes the work, sets short‑term priorities, monitors all activities, and ensures timely and accurate completion of the work.
• Provides input and support to budget management process.

Knowledge

• Excellent oral and written communication skills are required.
• In‑depth Functional / Industry Knowledge is required.
• Highly flexible and adaptable to change.
• Technical skills / systems knowledge is required.
• Leadership and organizational skills are required to develop periodic goals and to manage and motivate team members towards the goals set.

Experience

• A College or University degree and/or relevant proven work experience is required / preferred.
• Related Industry qualification is required / preferred.

Salary Range

$103,000 - 175,200 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.