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, transfer agency 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

• Establishes and develops plans that are thorough, realistic, and effective in meeting goals; Incumbent will be responsible for managing available resources and work allocation.
• Responsible for maintaining high standard of accuracy and timeliness for all deliverables.
• Shows a sense of urgency; drives to closure; persists despite obstacle; strives to achieve results; pursues challenging goals and works hard to achieve them.
• Coordinating with the onshore team on Migrations, working closely with Managers for on-boarding new transitions.

• Support and drive system changes and strategic initiatives - Elicit, analyse, outline and develop requirements by coordinating with business and technology teams.
• Formulate application testing strategies and test plans, execute test cases (manual or automated) and troubleshoot defects.
• Analyse operational procedures and processes, working with the PCA business to identify areas for automation, to reduce risk and improve efficiency.
• Develop subject Matter Expert for REIF and Private Equity products and business by documenting and developing knowledge base and cross-training team members across regions.
• Serve as a Change Advocate; establish trust within the corresponding business teams; gain enthusiasm within the teams.
  • Performing quality assurance checks on information received internally from other supporting functions.
  • Maintain accounting system, reviewing all fund transactions and reclassifications of journals.
  • Handling client and internal queries and acting as face of the process.
  • Coordinate with operational teams, internal groups and external counterparties to resolve discrepancies in a timely and efficient manner; also ensure full and proper reporting to the manager of any operational issues.
  • Maintain internal volume and review logs, ensuring all administrative and IT records are entered and updated correctly.
  • Trouble shoot process issues, assist and answer queries of junior and new staff.
  • Training and coaching new team members as the group grows.
  • Contributing to process development and productivity, implementing new initiatives; Identify efficiencies and area's for improvement to reduce risk and become more efficient.
  • Assist managers in business development, client specific reporting / analysis request and special projects.

Major duties and key responsibilities

• Working closely with home locations to resolve queries /new migrations and calls

• To have a thorough understanding of the theoretical and technical nature of transfer agency 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, etc
• Maintain investor accounts (CRM), investor setup, vehicle setup, etc accurately and timely
• Deep understanding of capital account statements, tracking cash receipts on different funds,
• Possess deep understanding on Partner capital account statement heads and respective heads
• Should have hands on experience on Investran application

Education and Qualifications:

• Master / Bachelor's degree in accounting or finance.
• 7-10 years of work experience in a TA Private Equity

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 Pune Office

The Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe.

Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.