Senior Consultant, NAV Oversight

Northern Trust; City Of London; On-site; GBP 60,000 - 75,000; Full time

Job summary

A global financial institution is seeking a NAV Oversight professional to manage fund accounting responsibilities, ensuring accurate NAV calculations and client satisfaction. This role demands strong technical skills, experience in fund accounting, and the ability to work effectively within a global team under pressure. Educational qualifications include completion of IOC modules. Join a collaborative workplace committed to financial excellence and community service!

Qualifications

• 5 years of experience in Fund Accounting.
• Ability to work collaboratively in a global team.
• Strong spreadsheet skills are required.

Responsibilities

• Oversee daily NAVs for multiple Fund types.
• Review and approve daily valuations from offshore.
• Manage client queries and project changes.

Skills

Fund Accounting experience

Management skills

Numerical and computer literacy

Knowledge of FCA regulations

Interpersonal skills

Ability to work under pressure

Education

IOC modules or industry standard equivalent

Tools

Excel

Outlook

TLM

Invest One

Job description

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.

Role

This role is within Northern Trust’s growing UK Fund Accounting team. This team looks after more than 10% of all UK Authorised Funds for numerous Fund Management clients. Within the Department the Funds are split by Client. This role is for oversight of our offshore locations, and service the clients’ needs relating to the NAV process. The successful applicant will have exposure to a range of products.

Principal Responsibilities

• To have oversight on daily NAVs for multiple Fund types including Unit Trusts, OEICs, DC/DB schemes, ACS and Private Equity.
• Review and approve daily valuations, prepared by our offshore location, on an exception basis
• Validating high impacting NAV exceptions already approved by Consultant
• To assist offshore location with SME knowledge, daily valuations and query resolution (client, internal)
• To review cash, stock, FX, derivative position reconciliations against custody/third parties with appropriate escalation to resolution
• Oversee monthly deliverables produced by offshore. To include but not limited to: equity and bond yields, OCFs, motive and circumstance, Management fee invoice calculations, capital/income apportionments, performance fees
• To manage query resolution with the client, internally and with trustees/depositaries
• Deliver a quality service to our clients aligned to set KPIs
• Work alongside the Client Service team to review MI, attend Monthly Service reviews and delivery to client
• Assisting NAV Oversight Manager with ownership of client, including material issues and management of core KPI’s
• Risk management of processes, frequent mitigation review
• Covering NAV Oversight Manager in their role and responsibilities
• Lead in client due diligence and compliance meetings
• Manage projects for client change
• Incident writing in advance of Manager signoff
• Take a lead role within in the team, supporting other team members on technical issues and resolution of queries.
• Chair daily meetings with other partners to discuss deliverables.

Skills / Experience

• Experience in Fund Accounting role (5 years), production experience an advantage
• Management skills to work within a global team.
• Ability to work under pressure to achieve the multiple daily deadlines for client deliverables.
• Numerical and computer literacy (including spreadsheet skills) – (i.e. Excel, Outlook, TLM and Invest One)
• Knowledge of the FCA regulations pertaining to Unit Trusts, Mutual Funds, OEICs and all the above mentioned fund types i.e. COLL.
• The job holder must possess good interpersonal skills for liaising with other members of their team, other Internal Departments, Trustees/Depositaries, Custodians, Auditors, offshore locations and the Fund Management Companies to which we provide a service.
• Complies with the companies policy on educational standards.
• Completed modules in the IOC (or Industry standard equivalent).

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.

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 [e-mail].

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.

For further information, and to apply, please visit our website via the “Apply” button below.