Sr Manager, Alternative Asset Services-PCA

Northern Trust; Chicago (IL); Hybrid; USD 115,000 - 195,000; Full time

Benefits offered by this job

401k & Pension

Health Benefits

Paid Time Off

Parental Leave

Life Insurance

Well-being Benefits

Discretionary Bonus

Job summary

Northern Trust is seeking a Senior Manager for Private Capital Administration with oversight of Private Equity Accounting. The role involves leading staff, driving performance management, and ensuring delivery of complex, cross-functional initiatives.

Hybrid work model; strong communication, leadership, and budget-management skills are essential to align with strategic objectives and client service excellence.

Qualifications

• Excellent oral and written communication skills are required.
• Strong functional/industry knowledge and adaptability are required.
• Leadership and organizational skills are required to develop goals and manage teams.

Responsibilities

• Manage the Private Equity Accounting group(s).
• Lead performance management, identify training needs, and set standards.
• Make staffing decisions and ensure resources align with priorities.
• Contribute to strategic planning and budget management.
• Provide leadership support within large, specialized groups.
• Serve as a multi-disciplinary expert in relevant domains.
• Drive execution of strategic directions and business function activities.
• Lead complex initiatives across multiple disciplines.
• Collaborate cross-functionally to improve efficiency and productivity.
• Oversee performance reviews and staff development programs.
• Set periodic goals, organize work, monitor activities, ensure timely completion.
• Support budget management processes.

Skills

Leadership

Staffing

Budget management

Performance management

Strategic direction

Cross-functional collaboration

Communication 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

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

• 1.Responsible for managing the Private Equity Accounting group(s).
• 2.Conducts the performance management process, identifies training and development needs, and establishes performance standards for the relevant groups.
• 3.Makes staffing decisions, and ensures resources are available to accomplish priorities.
• 4.Participates in developing/provides input and support to the strategic plan and budge management process.
• 5.Provides additional leadership support within large specialized groups.
• 6. Seasoned multi-disciplinary expert with extensive technical and / or business knowledge and functional expertise
• 7. Focus of role is on execution of strategic direction of business function activities
• 8. Carries out complex initiatives involving multiple disciplines and/or ambiguous issues
• 9. Displays a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity
• 10. Conducts performance management and career development processes, provides input for staffing and disciplinary actions and provides hands-on training to staff
• 11. Develops periodic goals, organizes the work, sets short-term priorities, monitors all activities, and ensures timely and accurate completion of the work.
• 12. 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.

#LI-Hybrid #LI-GG1 Experience

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

Salary Range

Salary Range: $114,700 - 194,900 USD. Salary range is a good faith estimate of base pay.

• 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.

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

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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

It 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 its 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, ethinc 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

It 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)

EEO Know Your Rights (U.S)