Sr Accountant, Private Equity Accounting

NACBA; Chicago, Northern (IL, KY); Hybrid; USD 75,000 - 127,000; Full time

Benefits offered by this job

401k and pension

Health and welfare benefits

Paid time off

Parental and caregiver leave

Life & accident insurance

Discretionary bonus program

Job summary

Northern Trust is seeking a Private Capital Administration professional in Chicago to support private equity accounting, financial reporting and investor reporting for venture capital, buyout and other funds. The role involves complex projects, analytical work and collaboration with senior management in a hybrid office/remote setting.

The ideal candidate has private equity accounting experience, strong Excel skills, familiarity with Investran, and a related accounting degree or CPA.

Qualifications

• Private equity accounting experience required, usually with related business degree.
• Knowledge of federal/state/local regulatory reporting is necessary.
• Strong analytical and problem-solving skills to prepare financial reports.
• Proficient with Excel and online/mainframe systems; Investran preferred.

Responsibilities

• Perform accounting, analytical and financial reporting duties for client activity.
• Serve as subject matter expert on significant accounting decisions for team and partners.
• Prepare, compile and verify external client and regulatory reporting.
• Prepare financial information for stockholders and investor reports.
• Research accounting developments and communicate findings to management.
• Collaborate with partners to resolve discrepancies and provide guidance.
• Conduct special analyses and projects with detailed management reports.
• Train and monitor performance of team members and deliverables.

Skills

Private equity accounting

Regulatory reporting

Analytical skills

Microsoft Excel

Investran

Education

Four-year accounting or related business degree

CPA accreditation

Tools

MS Office

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. 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.

Job Description

Operates under general supervision but works on own most of the time. Candidate will serve on large and/or complex projects as requested. Must be technically competent to act as first point of reference for day-to-day queries while serving as a liaison to related areas. Have both broad and in-depth knowledge in chosen field, plus strong knowledge of related areas. Carries out relatively complex, extensive, high‑profile activities e.g. direct interaction with committees and more senior management. Demonstrates excellent analytical, consultative and communication and judgment skills. May lead projects and/or train lower‑level staff. Focus on maintenance and implementation of policies and procedures in the function while building towards becoming a stronger area expert.

Major Duties

• Responsible for performing a variety of accounting, analytical, & financial reporting duties ensuring client and investor activity reporting is prepared and completed appropriately.
• Serves as a technical accounting expert without management responsibilities and is seen as a subject matter expert and key advisor on significant business/accounting decisions to team and partners.
• Assists in preparing, compiling, and verifying external client and regulatory reporting.
• Prepares financial information for stockholders/investor reports.
• Researches and assists in interpreting the impact of recent accounting developments in the division. Disseminates findings to manager and other partners involved.
• Communicates with partners to resolve discrepancies or provide assistance on accounting or disclosure issues.
• Conducts special analysis and projects as assigned and prepares reports of detailed findings for management review.
• Helps train and monitor performance of team members, co-workers and client deliverables.

Knowledge/Skills

• This position is technical and service oriented. Knowledge of private equity accounting normally acquired through a four year degree program or related work experience is required to perform private equity administration, financial accounting and reporting duties.
• Knowledge of federal, state, and local regulatory reporting usually acquired through related work experience is necessary to prepare reports.
• Analytical skills and problem solving skills are necessary to utilize financial data and prepare reports.
• The ideal candidate must have strong personal computer skills and be well acquainted with Microsoft Excel, as they are required to prepare financial reports and to utilize on-line and mainframe systems.
• Experience with Investran preferred.

Qualifications - External

• 3-4 years of private equity accounting experience with a related business degree is a must with a minimum of 3 years client servicing or related experience. We are looking for individuals who have the ability to work effectively in a team environment, exhibiting initiative, leadership, and flexibility.
• The ideal candidate will have a formal education in accounting and/or related business degree, CPA accreditation, understand the complexities of the private equity markets via their past work experience and have experience with Investran and MS Suite of Systems (Excel/Access/Word) (intermediate/advanced level)

Salary Range

$74,700 - 126,900 USD

Salary range is a good faith estimate of base pay.

Benefits

• 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
• other voluntary and well-being benefits
• 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.