Fund Accounting Specialist

Northern Trust
Luxembourg
Workplace: OnsiteFull timeFunction: Finance & AccountingExperience: 10+ yearsSkills: ["Leadership","Coaching","Stakeholder management","Communication","Risk awareness"]

Provide strategic leadership as a subject matter expert for Semi-Liquid Fund Accounting in Luxembourg. Oversee target operating model design, governance, and process transformation, and act as the senior escalation point for complex NAV production, valuation, pricing controls, liquidity management, and performance fee calculations. Lead client onboarding and operating model transitions, represent Fund Accounting in audits and regulatory reviews, and manage and coach Fund Accounting teams while building cross-location capability.

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FursaFursa
Northern Trust
Northern Trust
1 week ago

Fund Accounting Specialist

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Job Summary

Provide strategic leadership as a subject matter expert for Semi-Liquid Fund Accounting in Luxembourg. Oversee target operating model design, governance, and process transformation, and act as the senior escalation point for complex NAV production, valuation, pricing controls, liquidity management, and performance fee calculations. Lead client onboarding and operating model transitions, represent Fund Accounting in audits and regulatory reviews, and manage and coach Fund Accounting teams while building cross-location capability.
Location: Luxembourg
Workplace: Onsite
Employment Type: Full time
Job Function: Finance & Accounting
Seniority: Manager level

Key Responsibilities

  • •Act as senior subject matter expert for semi-liquid, private equity, private credit, infrastructure and hybrid fund structures and set strategic direction for Semi-Liquid Fund Accounting.
  • •Lead design, review, and enhancement of target operating models; drive process transformation initiatives focused on automation, technology enablement, and operational efficiency.
  • •Provide oversight and guidance on complex NAV production, valuation methodologies, unitisation, pricing governance, liquidity management, and performance fee calculations; resolve complex accounting and reconciliation issues.
  • •Lead root cause analysis and sustainable remediation for recurring operational issues or control weaknesses; ensure governance, control effectiveness, and audit readiness.
  • •Lead complex client onboarding and operating model transition initiatives, represent Fund Accounting in due diligence/audit/regulatory forums, and provide leadership and coaching to Fund Accounting teams.

Key Requirements

  • •10+ years of experience in Fund Accounting, Alternative Investments, Asset Servicing or Investment Operations, with significant exposure to private markets and semi-liquid products.
  • •Deep technical expertise in semi-liquid fund structures, private equity, private credit, infrastructure and hybrid investment vehicles.
  • •Extensive experience working with Luxembourg domiciled fund structures and associated regulatory frameworks.
  • •Strong understanding of fund accounting oversight including NAV production, valuation governance, pricing controls, liquidity management and performance measurement.
  • •Demonstrated ability leading operating model reviews, business transformation, automation initiatives, complex client onboarding, and developing teams.
Experience:10+ yearsAlternative investmentsAsset servicingInvestment operationsPrivate marketsSemi-liquid fundsPrivate equityPrivate credit
Skills:LeadershipCoachingStakeholder managementCommunicationRisk awareness

Company Brief

Northern Trust
Global financial services firm providing wealth management, asset servicing, asset management, and banking solutions to institutions, corporations, and affluent individuals, with a focus on custody, investment management, and technology-driven services.
Industry: Asset Management
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Chicago, United States
Founded: 1889
Glassdoor
Glassdoor: 3.9
WebsiteLinkedIn