Northern Trust Hiring for Private Equity Fund Administration at   Pune Full Time

Business : Private Equity Fund Administration (Pune)

Role Description:

Private Equity Fund Administration (PEFA) provides third-party clients with comprehensive administration, financial accounting, 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 Skills & Competencies Required:

Understanding of day to day operational activities of fund of fund investments & private equity.

• Liaison effectively with team members, internal groups and external counterparties
• Demonstrate through examples /evidence analytical ability, problem solving, day-to-day task management and escalation of issues
• Good Accounting and financial reporting knowledge is must
• Self-starter with the ability to function independently in a fast-paced, dynamic and demanding environment.
• Ability to handle multiple tasks under extremely time sensitive conditions.

Major Duties / Key Responsibilities:

• To have a thorough understanding of the theoretical and technical nature of fund accounting and administration 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, investment purchases, divestments, carried interest calculations etc
• Ensuring deliverables are adhered to as per agreed SLAs.
• Working closely with home locations to resolve queries
• To create, maintain and update procedures for allocated funds
• Ensuring to comply with all controls and procedures outlined in the procedures manual and general company policies
• Preparation and signing off on NAV files to reviewer
• Working closely with the Team Leader and Section Managers for on-boarding new transitions from home locations
• Ensuring scheduled work is completed by agreed deadlines and checklists are duly signed.
• To identify efficiencies and area’s for improvement to reduce risk and become more efficient
• Ensuring that technology available is being fully utilized in the most efficient manner
• To ensure full and proper reporting to the manager of any operational issues
• Where delays are expected flag any service delivery issues as early as possible
• Lead/participate in implementing new technology and efficiency initiatives/projects as needed

Years of exp: 2-6 years

Shit Time : 12.30 PM IST Onwards See Less