Senior Consultant, Financial Reporting

About Northern Trust

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

A vacancy has arisen in our Private Equity (PE) Operations team. We offer a first‑class service to a variety of PE clients and work closely to ensure deliverables are met.

You will be a key member of the administration team while providing additional support to the wider team that administers a variety of clients or a very large client with an active investment portfolio.

Key components of the role include liaising with internal teams and the Investment Advisor, completing various non‑accounting tasks, managing all aspects of accounting, and dealing with ad‑hoc queries as they arise, all within scheduled time frames and ensuring all client KPIs are met.

• Providing premier client service by building strong relationships with the client and any other third parties.
• Developing a thorough knowledge of your client and their bespoke requirements with regards to key processes.
• Working closely with the client to resolve complex issues and queries.
• Co‑ordinating with other teams within NT to ensure delivery of client deliverables.
• Responsible for the delivery of key client tasks, organising team members to meet deadlines.
• Running projects with the client concerning a variety of more complex tasks.
• Having a good understanding of fund administration business.

• Monitoring assigned mailboxes, completing tasks assigned by management.
• Supporting basic training of tasks that are learned on‑the‑job.
• Supporting other team members with workloads and rotating tasks on a regular basis.
• Performing reviews of junior team members’ work.

• Complex accounts preparation/review under various GAAP/IFRS standards.
• Bookkeeping / Cash management.
• Investments:
  Updating and maintaining investment and portfolio records on behalf of clients, including processing of purchases and disposals, recording income receipts, revising quarterly valuations, and understanding other types of complex investment transactions and restructurings.
• Investor calls / distributions:
  Calculating call/distribution amounts for recommendation by client; liaising with client and investors regarding receipt/payment of monies; liaising with financial institutions receiving or making payment of fund and maintaining accounting records.
• Client reporting:
  Developing client‑specific knowledge to facilitate delivery of ad‑hoc queries. Includes detailed understanding of fund structures and their interactions.
• Investor reporting:
  Completing common/regular reporting for investors where quantitative data forms part of the response.
• Tax reporting:
  Providing information for tax returns to internal and external tax professionals; reviewing qualitative and quantitative data prior to supplying returns; liaising with other internal departments such as CDD and Tax across numerous jurisdictions (FATCA & CRS, UK, German and US tax reporting).
• Organisation of the Accounting Team:
  For various deliverables, ensuring agreed timetables are adhered to and proactive communication is maintained; identifying system and process enhancements for discussion with the wider team; prioritising assignments and providing continuous feedback to the team while escalating issues appropriately.
• Other responsibilities:
  
  Preparing and circulating accounts and tax timetables; advising on potential accounting issues & best practices; preparing management fee and carried interest calculations; updating SharePoint‑based workflows; liaising with other Northern Trust departments and jurisdictions; maintaining existing strong client relationships; dealing with all…