Consultant, Private Capital Administration – Fund Accounting

About the role

Northern Trust is looking for a Consultant 2nd VP – Private Capital Administration – Fund Accounting within its Luxembourg Alternatives team. The role lets the successful candidate share and develop expertise across the full private markets lifecycle, working closely with asset managers, investors, AIFMs, auditors and other service providers in a dynamic, fast-growing environment.

Key responsibilities

• Manage day-to-day operations and service delivery for a portfolio of alternative investment structures, keeping service levels, KPIs and deadlines on track.
• Prepare and review NAV statements, investor capital account statements, year-end financial statements, annual accounts and subscription tax statements; know capital calls, distributions, partner transfers, true-ups and performance fee waterfalls.
• Ensure tax compliance work reconciles with accounting data and that investor and fund records in Investran are accurate.
• Respond to client, investor and internal stakeholder queries and build strong relationships with clients, investors, AIFMs, auditors and tax advisors.
• Maintain an archive of financial, tax documentation and KPIs in line with NT standards.
• Work mostly independently under general supervision, taking part in large or complex projects and running important clients.
• Review the work of outsourced and offshore service teams, monitor deliverables and escalate risks, and support process improvement.
• Build relationships with internal teams such as relationship managers, client service delivery managers, depositaries, custodians and regulators, and may coach junior team members.

Required profile

• At least 5 years' experience in Luxembourg in Private Equity Fund Accounting or Fund Administration (fund accounting and transfer agency).
• Strong understanding of Luxembourg alternative fund structures (RAIFs, SIFs, SCSp, SICARs) and their regulatory requirements.
• Experience in a client-focused environment with offshore and onshore teams.
• Strong organisation, prioritisation, attention to detail, communication and stakeholder management skills.
• Ability to work independently, make sound judgement and adapt to change.

Required skills

• Fund accounting and transfer agency.
• Knowledge of Investran is a very strong advantage.