Senior Fund Controller - private markets

Take ownership of private markets fund control across Northern LGPS, bringing together specialist fund accounting, capital activity and general partner oversight at an important stage in the organisation’s development.

Northern LGPS is entering an important period of development, creating an FCA authorised investment management company and establishing the leadership, governance and operating capabilities required for the future.

As Senior Fund Controller - Private Markets, you’ll own the end-to-end fund control of Northern’s private markets exposure, including the Northern Private Equity Pool and alternatives portfolios. It is a specialist role spanning capital calls and distributions, capital accounts, general partner reporting, private markets fund accounting, and the tax and regulatory data associated with these investments.

You’ll join at a point when there is a real opportunity to strengthen how this capability operates for the long term. Alongside delivering effective day-to-day fund control, you’ll help document and transfer specialist private markets knowledge, strengthen controls and reduce reliance on knowledge concentrated within a single partner fund. Working closely with Fund Control, Treasury, Valuations and the investment teams, you’ll play an important role in building a resilient private markets operating capability for Northern.

Northern LGPS is a c £70bn pooled investment partnership for the Local Government Pension Scheme, bringing together the investments of Greater Manchester Pension Fund, Merseyside Pension Fund and West Yorkshire Pension Fund.

Building on the foundations of its collaboration over several years, Northern LGPS is now entering the next phase of its development. This phase focuses on establishing an FCA authorised investment management company with a dedicated senior leadership team; strengthening governance and creating a clear operating model to support long-term investment outcomes.

For those joining at this stage, the opportunity is exceptional. These roles offer the chance to shape strategy, set standards and build leadership capability for the long term, working closely with the partner funds, who are both shareholders and clients, Boards and regulators to ensure Northern LGPS continues to evolve as a well-governed, resilient investment organisation.

As Northern LGPS continues to evolve, we are building a collaborative, open and trusting organisation where people can do their best work.

We believe strong outcomes come from working together, sharing knowledge and supporting one another. Our flexible and hybrid working arrangements give colleagues greater flexibility in how they manage their time, while supporting collaboration and colleague wellbeing.

We are developing a supportive learning culture where people are encouraged to grow, contribute ideas and help shape how the organisation works. Our ambition is to build a resilient and sustainable organisation that delivers for its Partner Funds over the long term.

Reporting to the Fund Control Manager, you’ll lead the day-to-day fund control of Northern’s private markets exposure and provide specialist expertise across the operational lifecycle of these investments.

• Own the receipt and validation of capital call notices against limited partnership agreements and commitment records, providing funding instructions to Treasury.
• Manage distribution notices from receipt and validation through to processing, alongside drawdown tracking against commitments and the handling of in-specie and stock distributions through to realisation instruction.
• Oversee general partner notices and correspondence, subscription documentation for new…