Associate Specialist, Fund Administrator, Hedge Fund Services (Finance)
About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Major Duties :1.\tReview of monthly fund and business entity closing summaries.\n\n2.\tReport and analyze financial data to be disseminated to our clients and their investors.\n\n3.\tClose monthly books and records of the funds to general final performance figures.\n\n4.\tInteract with clients and other Hedge Fund Services teams to obtain understanding of funds' activities.\n\n5.\tPrepare financial statements for funds.\n\n6.\tWork directly with external auditors to ensure accuracy of each fund's annual financial statements.\n\n7.\tOperates independently; has in-depth knowledge of business unit / function.\n\n8.\tFocus on operational risk and profitability by automating manual processes/calculations and recommending procedures to improve our integration environment and corresponding testing.\n\n9.\tA subject-matter expert on HFS' proprietary system to answer questions on functionality/capability to assist with business problem solving.\n\n10.\tWork with HFS' internal shared service teams to resolve accounting-related questions on how transactions should be recorded to ensure the proper accounting treatment. \n\n11.\tResearch technical accounting policy questions for complex client transactions or related to new accounting pronouncements and monitor changes to U.S. GAAP and IFRS.\n\n12.\tPerform discovery due diligence with clients to gather requirements, write the back- and middle-office business requirements and test code releases in both HFS' integration and production environments. \n\n13.\tPartner with HFS IT's external vendor on development approach related to new functionality. \n\n14.\tInteract with the client during the discovery and on-boarding phases.\n\nKnowledge :- Excellent oral and written communication skills are required\n- In-depth Functional / Industry Knowledge is required\n- Highly flexible and adaptable to change\n- Technical skills / systems knowledge (e.g. Peoplesoft) is required\n\nExperience :A College or University degree and/or relevant proven work experience is required / preferred. Related Industry qualification (e.g. ACCA) is required / preferred
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
