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.
Role/ Department
A vacancy has arisen in our Private Equity (PE) Operations team. Northern Trust offers a first‑class service to a variety of PE clients and works as a close team to ensure deliverables are met. You will be working as a key member within the administration team while providing additional support to the wider team that administers a very large client with an active investment portfolio across multiple fund products. Key components of the role include liaising with internal teams and the Investment Advisor, completion of client bespoke tasks, completion of investment administration and dealing with ad‑hoc queries as they arise, all within scheduled timeframes and ensuring that all client KPIs are met.
The Key Responsibilities Of The Role Include
- Providing a premier client service by building strong relationships with the Investment Advisor and any other third parties; working closely with the client to resolve queries and coordinate with other NT teams to ensure completion of client deliverables.
- Developing a thorough knowledge of your client and their bespoke requirements with regards to key processes performed in their systems.
- Supporting the monitoring of assigned mailboxes, completing tasks assigned by the senior fund administrator or management.
- Assisting other team members with workloads and rotating tasks on a regular basis.
- Investments: creating and maintaining investment and portfolio records in the client’s bespoke systems, including preparing and processing purchases and disposals; recording income receipts; monitoring receipt of monthly or quarterly valuations and understanding other types of complex investment transactions and restructurings.
- Fund operations: undertaking daily cash management duties, bookkeeping valuations in structures, performing periodic reconciliations and preparing invoice coding for all fund products.
- Client reporting: developing client‑specific knowledge to facilitate the preparation of regular reporting for the client’s senior management, finance, investor relations and deal team; this includes detailed understanding of fund structures and the investment portfolio across fund products.
- Investor reporting: completing ad‑hoc queries for investors where qualitative data forms a part of the response; supporting preparation and review of reports within set deadlines.
- Risk management & efficiencies: identifying efficiencies and areas for improvement to reduce risk and increase efficiency; ensuring technology is being fully utilized, working with technology to resolve issues and improve processes; reporting operational issues and potential delays; reviewing daily controls and proposing procedural changes.
Skills/ Qualifications
The successful candidate will benefit from having:
- Previous experience of fund administration of private equity funds, credit funds, or perpetual funds is necessary.
- An ideal candidate would have a business or financial services qualification or be studying for one.
- Computer literacy with proven ability to learn new systems and processes; data literacy skills are advantageous.
- Excellent organisational skills with the ability to handle multiple priorities and to escalate issues where necessary.
- A customer‑service orientation with a concern for quality, including effective use of variety of communication methods.
- Problem‑solving ability and a team‑player mindset.
Working With Us
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today.
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater.
For further information, and to apply, please visit our website via the “Apply” button below.
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