Sr Consultant, Private Equity

Benefits

Additional Information

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. Alternative fund services- Senior Consultant, private equity Transfer Agency Founded in Chicago in 1889, Northern Trust is one of the world's leading financial institutions. We specialise in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe. 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 Conduct thorough reviews of all transfer agency activities to ensure high quality of deliverables for the client Work closely with stakeholders to migrate work from home locations to India with minimal support Track the team deliverables to maintain high standards of client satisfaction Maintain skill matrix for transfer agency team and fill in the gaps by training intervention in different shape and form Should have hands on experience on Investran application Education and Qualifications: Master / Bachel