Consultant, Accounting Private Equity

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. Northern Trust offers a first class service to a large PE client and this role will work collaboratively with the global team to ensure deliverables are met. Key components of the role include liaising with internal teams and the Investment Advisor, completion of various non-accounting tasks, completion of all aspects of accounting and dealing with ad-hoc queries as they arise, all within scheduled time frames and ensuring that all client KPIs are met.

• Leading by example: Demonstrating professional judgement and attitude in all aspects of your work to assist in furthering an environment which encourages employee participation, teamwork and communication enabling the delivery of a first class professional and efficient service
• Organisation of the Accounting Team: Through discussion with the client and external parties (where required), establish concise timetables for all key deliverables. Ensure that these are adhered to by the global team and enable proactive communication throughout the process. Identify system and process enhancements for discussion and following approval, co-ordinate the introduction of such enhancements. Prioritise assignments, providing continuous feedback and escalating issues appropriately.
• Technical knowledge: Advising on potential accounting issues and current best practises as well as sharing knowledge, expertise and guidance with both the team and the client. Understand complex transactions and be a point of contact for technical accounting matters for the PE accounting team.
• Account preparation process: Oversee the preparation of the required financial reporting up to and including presentation to the Board of Directors (where required). Review all aspects of client accounting function prepared by fund accountants and senior fund accounts. Ensure that the FRR and LRR calculations for Guernsey licensee entities are completed and that all statutory accounts are filed within the relevant deadlines.
  
  Where necessary, the candidate will also be required to prepare financial reporting.
• Client reporting: Develop client specific knowledge to facilitate the delivery of ad-hoc queries.
• Other deliverables: Ensuring the completion of accurate complex fund valuations, distributions, calls / drawdowns, management fee and other calculations
• Internal reporting: Completion of NT internal reporting as required

• Monitoring mailboxes, completing tasks of a more complex nature, however supporting at all levels as required;
• Support other team members with workloads and rotate tasks on a regular basis.

• Providing a premier client service by building strong relationships with the Investment Advisor (at all levels) and any other third parties;
• Work with the relationship manager on fee structures for any new business/service creep;
• Developing a thorough knowledge of your client and their bespoke requirements with regards to key processes;
• Providing solutioning for your client base drawing upon extensive experience and industry knowledge;
• Working closely with the client to resolve queries;
• Working with other teams/locations within NT to ensure delivery of client deliverables;
• To have a good understanding of fund administration business;
• To be fully briefed / familiar with the issues which are to be considered by the Board of client entities;
• Attendance and action of day to day communication and Ad hoc meetings;
• Presenting operational matters to the Board of Directors;
• May act as a client director on structures.

• Authorise instructions as an A signatory;
• Contribute to department priorities and keep senior manager informed of significant developments;
• Work on ad-hoc internal projects and fulfil additional, relevant, tasks appropriate to the role and business requirement;
• Has an understanding of Guernsey legislation as it effects entities under administration i.e. Guernsey Company Law, POI, COB rules and understands Company Secretarial Procedures.

• The ideal candidate will hold an accounting qualification (ACA or ACCA preferred) and be familiar with both GAAP and IFRS
• Have an understanding of the Guernsey Company / POI / Partnership laws and possess an ability to keep up to date with all developments
• Excellent oral and written communication skills
• Confidence in communicating directly…