Senior Accountant, Private Equity Accounting

Northern Trust • Tempe, AZ

22h • Hybrid

About The Position

Northern Trust, a Fortune 500 company, is a globally recognized financial institution operating since 1889, providing innovative financial services and guidance to successful individuals, families, and institutions. With over 130 years of experience and more than 22,000 partners, Northern Trust serves sophisticated clients using leading technology and exceptional service. The Private Capital Administration department offers comprehensive administration, financial accounting, and investor reporting services for various fund products including venture capital, buyout, mezzanine, life sciences, secondaries, and fund of funds. Services encompass investment and divestment execution, investor drawdown and distributions, financial reporting, and investor reporting. This Senior Accountant role operates under general supervision, often working independently on large and complex projects. The candidate must be technically competent to serve as a primary point of contact for day-to-day queries and as a liaison to related areas. The role requires broad and in-depth knowledge in the field, strong knowledge of related areas, and involves complex, high-profile activities, including interaction with committees and senior management. Excellent analytical, consultative, communication, and judgment skills are essential. The position may involve leading projects and training junior staff, with a focus on maintaining and implementing policies and procedures while developing into a stronger area expert.

Requirements

• Knowledge of private equity accounting normally acquired through a four year degree program or related work experience.
• Knowledge of federal, state, and local regulatory reporting.
• Analytical skills and problem solving skills.
• Strong personal computer skills and well acquainted with Microsoft Excel.
• 3-4 years of private equity accounting experience.
• Related business degree.
• Minimum of 3 years client servicing or related experience.
• Ability to work effectively in a team environment, exhibiting initiative, leadership, and flexibility.
• Formal education in accounting and/or related business degree.
• Understand the complexities of the private equity markets via past work experience.
• Experience with MS Suite of Systems (Excel/Access/Word) (intermediate/advanced level).

Nice To Haves

• Experience with Investran preferred.
• CPA accreditation.

Responsibilities

• Responsible for performing a variety of accounting, analytical, & financial reporting duties ensuring client and investor activity reporting is prepared and completed appropriately.
• Serves as a technical accounting expert without management responsibilities and is seen as a subject matter expert and key advisor on significant business/accounting decisions to team and partners.
• Assists in preparing, compiling, and verifying external client and regulatory reporting.
• Prepares financial information for stockholders/investor reports.
• Researches and assists in interpreting the impact of recent accounting developments in the division.
• Disseminates findings to manager and other partners involved.
• Communicates with partners to resolve discrepancies or provide assistance on accounting or disclosure issues.
• Conducts special analysis and projects as assigned and prepares reports of detailed findings for management review.
• Helps train and monitor performance of team members, co-workers and client deliverables.

Benefits

• Retirement benefits (401k and pension)
• Health and welfare benefits (medical, dental, vision, spending accounts and disability)
• Paid time off
• Parental and caregiver leave
• Life & accident insurance
• Other voluntary and well-being benefits
• Discretionary bonus program that may include an equity component.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 5,001-10,000 employees