About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Role

Private Equity Fund Administration (PEFA) provides third-party clients with comprehensive administration, financial accounting, and investor reporting services for their funds.

Evaluates and reconciles complex funds including mutual, commingled, and collective for production of client month-end reports or for daily valuation. Verifies complex transactions, audits income reports within scheduled timeframes and resolves exceptions on a daily basis for fund accounts

Core competencies and skills required

• Understanding of day to day operational activities of fund of fund investments & private equity.
• Liaison effectively with team members, internal groups and external counterparties
• Demonstrate through examples /evidence analytical ability, problem solving, day-to-day task management and escalation of issues
• Good Accounting and financial reporting knowledge is must
• Self-starter with the ability to function independently in a fast-paced, dynamic and demanding environment.
• Ability to handle multiple tasks under extremely time sensitive conditions.

Major duties and key responsibilities

• To have a thorough understanding of the theoretical and technical nature of fund accounting and administration especially on Private equity
• Performing quality assurance checks on information received internally from other supporting functions
• Carry out relatively complex, extensive, high profile transactions surrounding all PE Fund activity e.g. capital calls, distributions, investment purchases, divestments, carried interest calculations etc
• Ensuring deliverables are adhered to as per agreed SLAs.
• Working closely with home locations to resolve queries
• To create, maintain and update procedures for allocated funds
• Ensuring to comply with all controls and procedures outlined in the procedures manual and general company policies
• Preparation and signing off on NAV files to reviewer
• Working closely with the Team Leader and Section Managers for on-boarding new transitions from home locations
• Ensuring scheduled work is completed by agreed deadlines and checklists are duly signed.
• To identify efficiencies and area's for improvement to reduce risk and become more efficient
• Ensuring that technology available is being fully utilized in the most efficient manner
• To ensure full and proper reporting to the manager of any operational issues
• Where delays are expected flag any service delivery issues as early as possible
• Lead/participate in implementing new technology and efficiency initiatives/projects as needed.

Education and Qualifications:

Fresher CMA, CPA's or relevant 2+ years of PE/FR experience with master Degree

Eligibility for Internal partners

Should have completed 1 year as Analyst II

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.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com , or alternatively you can discuss your individual requirements with the recruiter you are working with.

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.