Team Lead, Prvt Equity Acctng

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.

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

• Thorough understanding of the theoretical and technical nature of transfer agency especially on Private equity

• Subject matter expertise into Investor onboarding/set up, contact management(CRM) – creating and amendment of contact ,maintaining of contacts, fund and deal set up into Investran.

• Preparation/Review of Investor capital call and distribution.

• Investor PCAP generation and reconciliation from system..

• Deep understanding of capital account statements, tracking cash receipts on different funds Should have understanding on K1s, tax documents generation, tracking and document saving.
• Sound knowledge on Investran accounting tool includes Accounting, CRM, report wizard, Reporting services

• Demonstrate through examples /evidence of strong operations knowledge including secondary review & controls, risks & mitigation

• 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.

Education And Qualifications

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

Eligibility for Internal Partners

• 24 months as a Technical Coordinator/Associate Consultant to move as a Team Leader/ Consultant.
• Movement within TL and Consultant is 12 months

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, 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. #MadeForGreater

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.

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.