Private Equity Accountant

4 weeks ago

Chicago, Illinois, United States Northern Trust Full time

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.

Department Overview

Private Capital Administration provides third-party clients with comprehensive administration, financial accounting, and investor reporting services for their funds. Fund products supported include venture capital, buyout, mezzanine, life sciences, secondaries, fund of funds. Services include assistance with investment and divestment execution, investor draw down and distributions, financial reporting and investor reporting.

Summary

The Private Capital Accountant operates under general supervision but works independently most of the time. Candidate will serve on large and/or complex projects as requested. Must be technically competent to act as first point of reference for day-to-day queries while serving as a liaison to related areas.

Have both broad and in-depth knowledge in chosen field, plus strong knowledge of related areas. Carries out relatively complex, extensive, high profile activities e.g. direct interaction with committees and more senior management.

Demonstrates excellent analytical, consultative and communication and judgment skills. Focus on maintenance and implementation of policies and procedures in the function while building towards becoming a stronger area expert.

Working Model: Hybrid

We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Knowledge/Skills

This position is technical and service oriented. Knowledge of private equity fund products and services for specified area, usually obtained through training or related work experience, is required to service clients. Communication and negotiation skills are required to ensure client satisfaction. Analytical skills are required to research and resolve problems. Leadership and organizational skills are needed to prioritize complex assignments and demonstrate technical knowledge.

Major Duties

  • Establishes & cultivates working relationship with clients, external legal and accounting firm relationships and internal partners.
  • Carry out relatively complex, extensive, high profile transactions surrounding all PE Fund activity e.g. capital calls, distributions, investment purchases, divestments, carried interest calculations, expenses, income, gains, fees, etc. ensuring they are executed according to standard policies and procedures.
  • Be technically competent to act as first point of reference for day-to-day queries while performing review/verification/accounting/audit processes (daily and periodic) accurately.
  • Search for ways to eliminate recurring problems/issues as they arise.
  • Ensure all daily or periodic tasks are completed according to client specific administration & service level agreements.
  • Ensure work-flows, files, and back up coverage are setup and maintained within guidelines
  • Prepare, validate and/or assist in the preparation of PE accounts, PE reporting, financial statements, financial audit reporting and/or specific client reporting, including, but not limited to, accruals, monthly, quarterly, and/ or annual tax/financials packages for fund, portfolio company level and LP investor reporting as per administration & service level agreements.
  • Analyze, research, and ensure appropriate reconciliations surrounding PE investment activity/data i.e. bank accounts, expenses, income, gains, withholding are completed accurately and timely.
  • Ensure all financial reporting/information to clients/investors is reviewed, validated for accuracy prior to dissemination.
  • Utilize all department systems as required to complete daily and periodic functions including, but not limited to; Investran (Accounting, Portfolio and Investor Manager, RM Contact, Report wizard, Reporting Services), SharePoint, Microsoft Excel/Access/Word.
  • Lead/participate in implementing new technology and efficiency initiatives/projects as needed.

Qualifications

  • 2-3+ years of staff accounting experience and/or private equity fund accounting/administration experience is preferred with a minimum of 2 years client servicing or related experience.
  • We are looking for individuals who have the ability to work effectively in a team environment, exhibiting initiative, leadership, and flexibility.
  • The ideal candidate will have a formal education in accounting and/or related business degree, , understand the complexities of the private equity markets via past experience, and have experience with Investran, MS Suite of Systems (Excel/Access/Word) (intermediate/advanced level).

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

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.

  • Private Equity Accounting Lead

    2 weeks ago

    Chicago, Illinois, United States The Ladders Full time

    Company DescriptionAt Prospect Infosys, Inc., we are all about talent! Whether it's through staff augmentation or outsourcing software development, we are dedicated to ensuring our clients are satisfied by finding the perfect balance between people, process, services, and business needs.Since 2006, we have been revolutionizing global resource management,...

  • Private Equity Accounting, Accountant

    2 weeks ago

    Chicago, Illinois, United States Northern Trust Full time

    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...

  • Private Equity Accounting, Sr Accountant

    1 month ago

    Chicago, Illinois, United States Northern Trust Full time

    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...

  • Private Equity Accounting, Sr Accountant

    4 weeks ago

    Chicago, Illinois, United States Northern Trust Full time

    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...

  • Private Equity, Sr Accountant

    1 month ago

    Chicago, Illinois, United States Northern Trust Full time

    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...

  • Private Equity, Sr Accountant

    4 weeks ago

    Chicago, Illinois, United States Northern Trust Full time

    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...

  • Private Equity Accounting, Sr Accountant

    1 month ago

    Chicago, Illinois, United States Northern Trust Full time

    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...

  • Private Equity Accounting, Sr Accountant

    4 weeks ago

    Chicago, Illinois, United States Northern Trust Full time

    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...

  • Sr Accountant, Private Equity Accounting

    4 days ago

    Chicago, Illinois, United States Northern Trust Full time

    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...

  • Analyst, Private Equity

    2 weeks ago

    Chicago, Illinois, United States Northern Trust Full time

    50 South Capital ) is the private equity investment group within Northern Trust. 50 South Capital's private equity group makes primary, secondary, and direct co-investments in buyout and venture capital funds and companies in the U.S., Europe and Asia. The team has extensive experience investing in the industry and has been led by its founding partners since...

  • Private Equity Principal

    4 days ago

    Chicago, Illinois, United States Selby Jennings Full time

    Job Title: Private Equity Principal - Business Services FocusLocation: Chicago, ILCompany:Join a dynamic and rapidly growing Business Services focused Private Equity firm based out of the vibrant city of Chicago, IL. They are a team of seasoned professionals passionate about identifying and nurturing opportunities in the business services sector, driving...

  • Private Equity Associate

    2 weeks ago

    Chicago, Illinois, United States Selby Jennings Full time

    Company Summary: A Private Equity firm is looking to expand its team with a 2025 Associate. They are located in Chicago and focus on investing in healthcare companies. This is a well-established firm that needs someone to be able to assist with deal flow Associate Responsibilities:Investment sourcing and evaluation including building and managing sourcing...

  • Associate Specialist, Private Equity, HFS

    1 month ago

    Chicago, Illinois, United States Northern Trust Full time

    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...

  • Associate Specialist, Private Equity, HFS

    4 weeks ago

    Chicago, Illinois, United States Northern Trust Full time

    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...

  • Vice President Private Equity

    4 weeks ago

    Chicago, Illinois, United States Selby Jennings Full time

    Vice President Private Equity Qualifications:Bachelor's degree in finance, business, economics, or a related field; MBA or advanced degree preferred.Minimum of 7 years of experience in private equity, investment banking, management consulting, or a related field, with a proven track record of executing successful transactions and driving value...

  • Vice President Private Equity

    2 months ago

    Chicago, Illinois, United States Selby Jennings Full time

    Vice President Private Equity Qualifications:Bachelor's degree in finance, business, economics, or a related field; MBA or advanced degree preferred.Minimum of 7 years of experience in private equity, investment banking, management consulting, or a related field, with a proven track record of executing successful transactions and driving value...

  • PEPI: Senior Associate, Private Equity, Fund Management Solutions

    4 weeks ago

    Chicago, Illinois, United States Alvarez and Marsal Full time

    Description OVERVIEW:A&M Fund Management Solutions works with private equity managers and provides our clients with solutions to optimize the operations of their businesses. Our goal is to improve efficiency and reduce risk across the non-investing aspects of a managers business, and to provide benefits through hands-on involvement in our clients...

  • Equity Analyst, Research

    2 weeks ago

    Chicago, Illinois, United States Eaton Vance Full time

    Morgan Stanley Investment Management ("MSIM") is a global investment manager with over 40 years of history delivering innovative investment solutions across public and private markets worldwide. We have $1.5Tn of AUM with professionals located across 21 countries, with a proven long term track record of success. Our investment teams bring significant...

  • Lead Fund Controller, Private Funds

    2 weeks ago

    Chicago, Illinois, United States Wellington Management Full time

    About Us Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that...

  • Private Credit Associate

    4 weeks ago

    Chicago, Illinois, United States Selby Jennings Full time

    A leading private equity and credit investment firm with over $10B AUM is looking to add a Private Credit Associate to the team in Chicago, IL. The Private Credit Associate will invest across both the direct lending and special opportunities strategies. This is an exciting opportunity to join a highly-regarded and rapidly growing private credit platform.The...