Sr Consultant II, Alternative Asset Services

001 The Northern Trust Company; Tempe (AZ); Hybrid; USD 91,000 - 154,000; Full time

Benefits offered by this job

401k retirement plan

Pension plan

Health and welfare benefits

Paid time off

Parental and caregiver leave

Life & accident insurance

Discretionary bonus program

Job summary

Northern Trust seeks a Fund Administration professional for Private Capital Administration clients. The role covers quarterly NAVs, financials, tax and audit support, and interaction with clients and auditors to ensure accurate reporting.

Hybrid work model with time split between office and home, requiring strong accounting, communication, and regulatory knowledge. CPA preferred; GAAP/IFRS familiarity is a plus.

Qualifications

• College/university degree required; CPA preferred.
• Strong communication skills and attention to detail.
• Experience with PCA/private equity fund reporting is a plus.
• Knowledge of US GAAP and IFRS is beneficial.

Responsibilities

• Review quarterly fund and business entity closing summaries.
• Prepare financial statements and related reports for funds.
• Analyze financial data and support external auditors.
• Collaborate with PCA teams and clients to resolve issues.
• Identify process improvements to enhance accuracy and efficiency.

Skills

Oral communication

Written communication

Attention to detail

Analytical skills

Cross-functional collaboration

Industry knowledge

Education

Bachelor's degree

CPA preferred

Tools

Investran

Arc Reporting

Job description

About Northern Trust

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 #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 preferred.

Salary Range

$90,820 - 154,280 USD Salary range is a good faith estimate of base pay.

Benefits

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. Looking for greater? You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

Terms and Conditions

Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

APAC/INDIA EEO STATEMENT

Northern Trust is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

Northern Trust is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.)