Fund Accounting Consultant

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role Overview

We are seeking an experienced Fund Accounting Consultant to support the continued growth and development of our Semi-Liquid Fund Accounting business in Luxembourg. This is a specialist oversight role, providing subject matter expertise across semi-liquid, private markets, and hybrid fund structures. The successful candidate will act as a key advisor to management and operational teams, supporting complex client onboarding, operating model optimization, process enhancement, regulatory compliance, and the scalability of our Fund Accounting operating model.

Key Responsibilities

• Provide subject matter expertise across semi-liquid, private equity, private credit, infrastructure, and hybrid fund structures.
• Oversee and review NAV production activities, ensuring accuracy, completeness, and adherence to regulatory and internal control requirements.
• Support complex valuation methodologies, unitization processes, pricing controls, and performance fee calculations.
• Review and enhance operating models to improve scalability, efficiency, risk management, and control effectiveness.
• Assess existing Fund Accounting processes and identify automation and continuous improvement opportunities.
• Act as a key escalation point for complex operational issues, reconciliations, exceptions, and client queries.
• Partner with Technology, Change, and Operations teams to implement strategic enhancements and process improvements.
• 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.

Skills & Experience

• 6+ years' experience within Fund Accounting, Alternative Investments, Asset Servicing, or a related environment.
• Strong technical knowledge of semi-liquid fund structures, private markets products, and hybrid investment vehicles.
• Experience working with Luxembourg fund structures and regulatory requirements.
• Strong understanding of NAV production, valuation methodologies, pricing controls, and fund accounting oversight.
• Knowledge of private equity, private credit, infrastructure, and other alternative investment products.
• Proven ability to review complex operating models and drive process improvement initiatives.
• Excellent analytical, problem-solving, and stakeholder management skills.
• Strong communication skills with the ability to influence and advise senior stakeholders.
• Third-level qualification in Accounting, Finance, Business, Mathematics, or a related discipline.
• Fluent English, both written and spoken.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Luxembourg Office

In 2024, the Northern Trust Luxembourg office celebrated their 20th anniversary, an important chapter in their history. Having opened in 2004 to support one client, they have since grown their client base substantially and increased their headcount significantly, which now stands at over 400.

From modern fully equipped meeting rooms to a vast canteen with a view over a vegetable garden, maintained by our team all year round, and a rooftop where beehives have been installed, this space is truly a source of pride for our team. Learn more.