Settings

CAREERS

Team Lead, Private Equity Accounting

📁
Accounting Portfolio / Fund
📅
74837 Requisition #
Apply for Job
Share this Job
Sign Up for Job Alerts

Job Description
Day-to-day management responsibilities for a Private Equity (PE) Fund Administration Team Lead include coordinating client service deliverables/projects, organizing the work of the team, assigning tasks, setting short-term priorities, and ensuring timely and accurate completion of tasks. Interact with PE Fund clients directly and manage issues and client expectations, if necessary. Possesses the knowledge, leadership and organizational skills required to prioritize assignments and provide feedback to staff. Additional responsibilities include performance management, supporting career development efforts, including enforcing, remediating, and escalating risk and client issues. Candidate will be able to operate independently and may be requested to work on large and/or complex projects/initiatives as needed.


Major Duties
•Set day-to-day management responsibilities for the private equity accounting/client service deliverables team by assigning, coordinating, delegating assignments and tasks.
•Develop periodic goals, organizes the work of the team, monitors all activity, and ensures timely and accurate completion and delivery of the work.
•Sets performance management expectations and supports career development efforts including providing feedback to staff and, if necessary, develop corrective priorities.
•Be technically competent regarding complex, extensive, high profile transactions surrounding all PE Fund activity e.g. capital calls, distributions, management fees’ investment purchases, divestments, carried interest calculations, etc. ensuring they are executed according to the LPA and standard accounting policies and procedures. This may require direct interaction with external senior investment management/principals and/or CFOs, Controllers, CCOs.
•Provide input, maintains and monitors departments risk management and compliance programs for assigned team. Monitors client relationship and servicing activities to ensure the team is adhering to the client’s service level agreement.
•Establishes & cultivates working relationship with clients and partners. Act as key a communicator between the client and client service teams for the deliverables and servicing activities. Understands client needs and reviews service requests to ensure the request has adequate information for a successful implementation.
•Coordinates and participates in training presentations regarding area’s products and services with partners and conducts on-the-job training with staff.
•Ensures that all necessary client documentation is completed according to audit guidelines.
•Monitors turnaround times so that product/services are provided by due date.
•Monitors and verifies account set up, maintenance and services for accuracy and completeness.
•Reviews all bespoke, non-standard procedures for account processing.
•Provide management updates on transactions, including statistics on volume, productivity, new developments, service and sensitive issues on a regular basis.
•Completes department and individual Key Performance Indicators per established procedures.
•Provide input and assist in implementing new technology and efficiency initiatives.

Knowledge/Skills
This position is technical and service relationship oriented. Knowledge of private equity fund industry, products and services for specified area, usually obtained through training and/or related work experience is critical and required to service clients. Communication and negotiation skills are required to ensure client satisfaction. Analytical skills are required in reviewing, researching and resolving issues surrounding accounting and financial aspects across transactional and summary levels. Leadership and organizational skills are needed to prioritize assignments and provide feedback to staff. 


Experience
3-4 years of accounting /securities operations experience and 5-6 years private equity fund accounting/administration experience with demonstrated growth of responsibility is a must with a minimum of 3 years client servicing or related experience.
We are looking for individuals who have supervisory skills, the ability to work effectively in a team environment, exhibiting initiative, leadership, and flexibility.
The ideal candidate will have a formal education in accounting and/or related business degree, understand the complexities of the private equity markets via past experience, and be well acquainted with Investran and MS Suite of Systems (Excel/Access/Word) (intermediate/advanced level).


For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.


We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.


As of December 31, 2018, Northern Trust Corporation had:

$10.1 trillion in assets under custody/administration
$7.6 trillion in assets under custody
$1.1 trillion in assets under management
$132 billion in banking assets

 

Previous Job Searches

My Profile

Create and manage profiles for future opportunities.

Go to Profile

My Submissions

Track your opportunities.

My Submissions

Similar Listings

United States, Illinois, Chicago

📁 Accounting Portfolio / Fund

Requisition #: 72658

United States, Illinois, Chicago

📁 Accounting Portfolio / Fund

Requisition #: 71989

United States, Illinois, Chicago

📁 Accounting Portfolio / Fund

Requisition #: 72506

Reasonable Accommodation
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), +630-276-5353 (Asia Pacific), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
  • APAC EEO Statement
    • APAC 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.

  • Canada EEO Statement
    • 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
    • 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
    • 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 poster (U.S.)EEO is Law Poster Supplement