Team Lead, Financial Reporting

126 Northern Operating Srvs Asia; Manila; Hybrid; PHP 900,000 - 1,500,000; Full time

Benefits offered by this job

Hybrid working model

Job summary

Northern Trust Manila invites an experienced Financial Reporting leader to drive day-to-day management of the Financial Reporting team, ensuring timely preparation of statements, notes and reconciliations for fund clients.

You will engage with home country counterparts, review audits, and mentor junior staff while upholding regulatory and GAAP standards. Hybrid work arrangement between office and home.

Qualifications

• At least 2 years of people management experience for Team Leaders and 7 years overall experience in financial statement preparation or financial reporting in an Audit Firm, or financial institution.
• Bachelor’s degree in Accounting or Finance; CPA is highly desirable.
• Background in regulatory/statutory reporting will be preferred.
• Experience in transitions/consolidation of various systems and reconciliations.
• Experience in tax and regulatory reporting; knowledge of accounting concepts and financial instruments.
• Excellent desktop, IT and systems skills; familiarity with Sungard InvestOne, Bloomberg, Reuters.

Responsibilities

• Lead day-to-day operations of the Financial Reporting team; manage staff and stakeholders.
• Prepare and review financial statements, notes and schedules for fund clients.
• Ensure accuracy and regulatory compliance across GAAP frameworks.
• Interact with home country auditors and management as needed.
• Mentor junior team members and support budget processes.
• Coordinate with home country counterparts to resolve issues and drive timely delivery.

Skills

People management

Financial reporting

US GAAP

IFRS

Excel

Sungard InvestOne

Confluence/FundARC

English fluency

Education

Bachelor in Accounting/Finance

CPA Certification

Tools

Sungard InvestOne

Bloomberg

Reuters

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.

Hybrid

We have a balanced hybrid working model to ensure you get the flexibility you need and the successful candidate will spend their time between working in the office and working from home.

Department:

The team is responsible for the preparation of financial statements, schedule of investments and explanatory notes on the same (including preparation and review of tax reporting data due to tax agents), for mutual funds, hedge funds and/or fund of hedge fund clients. Financial statements are prepared on a cyclical basis (for example; quarterly, semi-annual or annually) depending on the team in accordance with regulatory guidelines in the home country (for example: UK, Ireland, Luxembourg, Switzerland and U.S). The preparation is based on a set processes and procedures and the job holder will be required to adhere to these processes in completing day to day tasks. Once financial statement is prepared, the team will analyse and research for any discrepancies before sending to the home country for review. The team will also correct any discrepancies/issues identified and communicated by the home country before closure. The team may also deal with external auditors of clients to respond or resolve audit queries. Due to the cyclical nature of the activities, it is anticipated that there will be peak periods of work and the job holder may be required to undertake additional working hours to ensure tasks are completed to the appropriate deadlines.

Role:

Has day-to-day management responsibilities for a small team, including stakeholder management. Responsible for the assignment of work to the Financial Reporting team. Conducts performance management and career development processes. Possesses the leadership and organizational skills required to prioritize assignments and provide feedback to staff. Conducts performance management and career development processes, and staffing and disciplinary actions. Organizes the work of the team, assigns tasks, sets short-term priorities, monitors all activities and ensures timely and accurate completion of the work The key responsibilities of the role include:
Conducts performance management and career development processes, and staffing and disciplinary actions
Provides input and support to budget management process
Carries out complex activities with significant financial, client, and/or internal business impact
May have direct interaction with clients, external auditors of clients and/or Senior Management
Able to serve as a key subject matter expert and mentor to other more junior level employees
Manages daily operational activities and supervises day-to-day work of junior level employees, including daily interaction with home country counterparts
More technically sound in area of expertise and has broader knowledge of other areas
Delivers a work product that requires less revision
Able to facilitate discussions and reach decisions

• Conducts performance management and career development processes, and staffing and disciplinary actions
• Provides input and support to budget management process
• Carries out complex activities with significant financial, client, and/or internal business impact
• May have direct interaction with clients, external auditors of clients and/or Senior Management
• Able to serve as a key subject matter expert and mentor to other more junior level employees
• Manages daily operational activities and supervises day-to-day work of junior level employees, including daily interaction with home country counterparts
• More technically sound in area of expertise and has broader knowledge of other areas
• Delivers a work product that requires less revision
• Able to facilitate discussions and reach decisions

Skills / Qualifications

The successful candidate will benefit from having: At least 2 years of people management experience for Team Leaders and 7 years overall experience in financial statement preparation or financial reporting in an Audit Firm, or financial institution; Bachelor’s degree in Accounting or Finance Certified Public Accountant (CPA) is highly desirable Background in regulatory / statutory reporting will be preferred Experience on transitions/consolidation of various systems and completing necessary reconciliations (preferred) Experience on tax and regulatory reporting (preferred) Knowledge of accounting and regulatory concepts, financial instruments and products acquired through studies and related work experience Excellent desktop, IT and systems skills. Experience of Sungard InvestOne fund accounting platform or Confluence/FundARC Suite financial reporting systems advantageous. Knowledge of Microsoft Excel and Word essential Knowledge of US GAAP, UK GAAP, Lux GAAP, Swiss GAAP & IFRS through studies and/or work experience (preferred) Knowledge of related systems: Bloomberg, Reuters (preferred) Excellent interpersonal skills, as this role requires interaction at all levels of the organisation and externally, fluent in English is necessary.

Working Hours

7AM to 4PM or 11AM to 8PM, depending on the specific FR team (US/UK/Ireland)

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.

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.

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.