Private Equity Accounting, Manager

001 Northern Trust Company - Chicago, IL

Full-time - Manager

Remote - Chicago, IL

10,001+ employees

About the position

The Manager, Private Equity Accounting role involves overseeing a large team within the Private Capital Administration (PCA) department, which provides comprehensive administration and financial accounting services for private equity funds. The position requires strong leadership, organizational skills, and technical knowledge of private equity transactions, ensuring timely and accurate client service deliverables while managing client expectations and team performance.

Responsibilities

• 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, organize the work of the team, monitor all activity, and ensure timely and accurate completion and delivery of the work.
• Set performance management expectations and support career development efforts including providing feedback to staff and developing corrective priorities if necessary.
• Be technically competent regarding complex, extensive, high profile transactions surrounding all PE Fund activity, ensuring execution according to the LPA and standard accounting policies and procedures.
• Provide input, maintain and monitor department's risk management and compliance programs for assigned team.
• Monitor client relationship and servicing activities to ensure adherence to the client's service level agreement.
• Establish and cultivate working relationships with clients and partners, acting as a key communicator between the client and client service teams.
• Ensure all necessary client documentation is completed according to audit guidelines.
• Monitor turnaround times to ensure product/services are provided by due date.
• Monitor and verify account setup, maintenance, and services for accuracy and completeness.
• Review 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.
• Complete department and individual Key Performance Indicators per established procedures.
• Provide input and assist in implementing new technology and efficiency initiatives.

Requirements

• 10+ years of private equity fund accounting/administration experience with demonstrated growth of responsibility.
• Supervisory skills and the ability to work effectively in a team environment.
• Formal education in accounting and/or related business degree.
• Understanding of the complexities of the private equity markets via past experience.
• Familiarity with Investran and MS Suite of Systems (Excel/Access/Word) at intermediate/advanced level.

Nice-to-haves

• Experience in client service roles within the financial services industry.
• Strong analytical skills for reviewing, researching, and resolving accounting and financial issues.
• Excellent communication and negotiation skills to ensure client satisfaction.

Benefits

• Flexible and collaborative work culture.
• Opportunities for career growth and movement within the organization.
• Access to senior leaders and a commitment to community service.