Senior Consultant

126 Northern Operating Srvs Asia; Manila; On-site; PHP 1,500,000 - 2,100,000; Full time

Job summary

Northern Trust Manila Office is seeking a seasoned professional to lead hedge fund accounting and financial reporting functions. The role involves closing monthly books, preparing NAV calculations and financial statements, and coordinating with clients and external auditors to ensure accuracy.

Applicants should have 10+ years in hedge fund accounting or related fields, with IFRS/US GAAP knowledge and strong technical skills.

Qualifications

• 10+ years of experience in hedge fund accounting, fund administration or financial operations.
• Comprehensive understanding of hedge fund operations, NAV calculations, capital activities, and financial reporting.
• Knowledge of accounting standards such as IFRS or US GAAP; flexible and adaptable to change; technical skills/systems knowledge (e.g. Peoplesoft) required.

Responsibilities

• Review of monthly fund and business entity closing summaries.
• Report and analyze financial data to be disseminated to clients and their investors.
• Close monthly books and records of the funds to general final performance figures.
• Interact with clients and Hedge Fund Services teams to understand funds activities.
• Prepare financial statements for funds.
• Work with external auditors to ensure accuracy of each fund's annual financial statements.
• Lead end-to-end NAV calculations and financial statement preparation for hedge fund clients as subject matter expert.

Education

College or University degree

Related Industry qualification (e.g. ACCA)

Job description

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.

Major Duties:

• Review of monthly fund and business entity closing summaries.
• Report and analyze financial data to be disseminated to our clients and their investors.
• Close monthly books and records of the funds to general final performance figures.
• Interact with clients and other Hedge Fund Services teams to obtain understanding of funds activities.
• Prepare financial statements for funds.
• Work directly with external auditors to ensure accuracy of each funds annual financial statements.
• Assist in building a high-performance team through learning, development, mentoring and recruiting.
• Operates independently; has in-depth knowledge of business unit / function.
• As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level.
• Carries out activities that are large in scope, cross-functional and technically difficult.
• Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities.
• Strategic in developing, implementing and administering programs within functional areas.
• Lead the end-to-end delivery of NAV calculations and financial statement preparation for hedge fund clients, acting as the primary subject matter expert and escalation point for operational and client-related issues.

Knowledge:

Excellent oral and written communication skills are required In-depth Functional / Industry Knowledge is required 10+ years of experience in hedge fund accounting, fund administration or financial operations. Comprehensive understanding of hedge fund operations, NAV calculations, capital activities, and financial reporting. Knowledge of accounting standards such as IFRS or US GAAP Highly flexible and adaptable to change Technical skills / systems knowledge (e.g. Peoplesoft) is required

Experience:

A College or University degree and/or relevant proven work experience is preferred Related Industry qualification (e.g. ACCA) is preferred

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 [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Manila Office

The Northern Trust Manila office celebrated a decade of excellence in 2024. Through agility, resiliency, innovation, and excellence, they have evolved into a dynamic hub with diverse capabilities and a thriving workforce of over 1,200 - driving meaningful impact and sustainable growth. Learn more. Looking for greater? You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

Terms and Conditions

Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure - North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources' decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources' decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status.

EEO Know Your Rights (U.S.)

EEO Know Your Rights (U.S.)