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
Private Capital Administration (PCA) provides third-party clients with comprehensive administration, financial accounting, and investor reporting services for their funds.
The job involves working actively on the accounting system with hands-on process involvement through calculation of NAVs and preparing Financial statements for different fund types across clients. Perform the review activities of private equity/ REIF deliverables prepared by team members.
Core skills and competencies required
· Strong understanding of the Private Equity & Real Estate fund structure and the role of General partners and Limited partners. Sound knowledge on the Investran accounting platform and understand the various functions within the tool.
· Establish and enforce robust frameworks to ensure the accurate, efficient, and timely execution of client entitlements, proactively identifying and mitigating systemic and operational risks.
· Conduct sophisticated, in-depth analyses to identify the root causes of systemic operational issues, spearheading the development and implementation of enterprise-wide solutions.
· Serve as a champion for robust compliance, instilling unwavering adherence to established procedures and controls, proactively anticipating and responding to process/ regulatory changes, and ensuring the continuous education of the organization.
· Proactively assess and manage risks associated with business operations and strategic initiatives, demonstrating an unyielding commitment to safeguarding Northern’s reputation, clients, and assets through adherence to laws, regulations, and ethical conduct.
· Effectively manage and transparently report complex control issues to senior management, providing actionable insights and driving timely remediation.
· Cultivate and sustain strategic relationships with critical stakeholders, including major clients, internal business units, global product partners.
· Lead and drive enterprise-wide strategic initiatives focused on transforming process efficiency, significantly reducing operational risk, and enhancing overall client satisfaction across the asset servicing landscape.
· Coordinating with the onshore team on Migrations, working closely with Managers for on-boarding new transitions.
· Develop subject Matter Expert for PE/ REIF products and business by documenting and developing knowledge base and cross-training team members across regions.
major duties and key responsibilities
Financial Reporting
· Preparation of interim and annual financial statements for Property Funds including the completion of consolidated financial statements for complex cross-border structures.
· Active liaison with clients and external auditors, dealing with audit queries.
· Ensuring agreed client service levels and regulatory filing deadlines are met.
· Oversee the preparation of regulatory returns, including compliance reports, Central Bank and CSO returns.
Fund Accounting
· Develop an understanding of Fund Accounting requirements for Property Funds.
· Collection of relevant information to facilitate production of NAVs.
· Issue NAVs accurately and within defined timeframes.
· Organize payment of operating expenses.
· Liaise with new clients to determine fund structure and level of detail required to support striking of NAV.
Client Servicing
· Responsible to provide unrivalled client satisfaction and continuously improve the department’s performance to clients (internal and external).
· Effective communication with clients, investors and associated parties on fund activities.
· Ensure that operating arrangements are clearly established on inception of a fund.
· Ensure that documentation, legal and compliance issues are complete.
· To understand the purpose of and gain the critical background knowledge of Funds assigned to the team.
· To keep abreast of current activities in the REIF’s market as well as industry and regulatory developments.
· Dealing with client queries.
· Liaising with other internal departments
Education and Qualifications:
· 12+ years of progressive experience in financial services operations, with extensive senior-level experience and deep expertise in Private Equir
· Qualified Professional degree (CA/CMA/ACCA/CFA or equivalent) preferred
· 12-15 years of experience on Core PE/ REIF accounting
PHYSICAL DEMANDS AND WORK ENVIRONMENT:
Must be able to interact and communicate with co-workers in a clear, thorough and concise manner. Work environment and physical demands are those normally associated with work either at office or any other location including home, including frequent use of the computer and telephone. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential job functions unless those accommodations would impose an undue hardship or constitute a direct threat.
Eligibility for Internal Partners
3 years qualifies for Section Manager/Ops Manager (This may need prior people management experience, to check with the HM and verify details with HRA/BP from tenure standpoint) or 1 year qualifies for Associate Specialist or 2 years qualifies for a Specialist
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. #MadeForGreater
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.
About Our Bangalore Office
The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees. In this stunning office, space, we offer fantastic amenities which include our Arrival Hub – Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.