Fund Accounting Consultant – Semi‑Liquid Funds

About the role

Northern Trust is seeking an experienced Fund Accounting Consultant to support the continued growth and development of its Semi‑Liquid Fund Accounting business in Luxembourg. The specialist role provides subject‑matter expertise across semi‑liquid, private‑markets and hybrid fund structures, acting as a key advisor to management and operational teams.

Key responsibilities

• Provide expertise on semi‑liquid, private equity, private credit, infrastructure and hybrid fund structures.
• Oversee and review NAV production activities, ensuring accuracy, completeness and regulatory compliance.
• Support complex valuation methodologies, unitisation processes, pricing controls and performance fee calculations.
• Review and enhance operating models to improve scalability, efficiency, risk management and control effectiveness.
• Identify automation and continuous‑improvement opportunities within fund‑accounting processes.
• Act as escalation point for complex operational issues, reconciliations, exceptions and client queries.
• Partner with Technology, Change and Operations teams to implement strategic enhancements.
• Support audit, regulatory and client due‑diligence activities.
• Build strong relationships with internal stakeholders, clients, auditors, custodians, trustees and depositaries.
• Deliver training, technical guidance and knowledge transfer across operational teams.
• Participate in strategic projects, new client onboardings and business growth initiatives.

Required profile

• 6+ years of experience in Fund Accounting, Alternative Investments or Asset Servicing.
• Strong technical knowledge of semi‑liquid fund structures, private‑markets products and hybrid investment vehicles.
• Experience working with Luxembourg fund structures and related regulatory requirements.
• Deep understanding of NAV production, valuation methodologies, pricing controls and fund‑accounting oversight.
• Knowledge of private equity, private credit and infrastructure fund operations.

Required skills

• Technical knowledge of semi‑liquid fund structures.
• Understanding of Luxembourg regulatory framework for funds.
• Expertise in NAV production and valuation methodologies.
• Proficiency in pricing controls and performance‑fee calculations.