Assistant Treasurer - 1940 Act Funds

Northern Trust Corp; Chicago (IL); On-site; USD 114,500 - 194,700; Full time

Benefits offered by this job

401k and pension

Health and welfare benefits

Paid time off

Discretionary bonus program

Job summary

Northern Trust Corp is looking for an Assistant Treasurer to ensure compliance and oversight of financial statements for 1940 Act Funds. The role requires strong knowledge in financial reporting, tax reporting, and fund accounting with at least 10 years of related experience.

The ideal candidate will possess a college degree and CPA certification, demonstrating excellent leadership and communication skills. The position is based in Chicago, IL.

A comprehensive benefits package is offered.

Qualifications

• 10+ years of proven experience in mutual funds and ETF industry.
• Expertise in 1940 Act funds financial reporting.
• CPA preferred.

Responsibilities

• Ensure compliance with GAAP for financial statements.
• Oversight of accounting/financial reporting for 1940 Act Funds.
• Establish disclosure controls and procedures.
• Prepare reports for independent Mutual Fund Board.

Skills

Financial Reporting

Tax Reporting

Treasury/Budgeting

Fund Accounting

Leadership

Communication

Education

College or University degree

Job description

## Assistant Treasurer - 1940 Act FundsApplylocations: Chicago, ILtime type: Full timeposted on: Posted Todayjob requisition id: R155669**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. **Job Description Summary****:**Responsible for ensuring policies and procedures are followed to ensure financial statements are prepared in accordance with GAAP. In this role reporting to the Treasurer of Proprietary 40 Act Funds, responsibilities include oversight of Asset Management’s Accounting/Financial Reporting, Controls, Operations and 40 Act Regulatory adherence for the 1940 Act Funds. Also, acts as the liaison with other Northern Trust partner areas, financial and accounting groups, and regulatory reporting groups.**Duties and Responsibilities:*** Possess strong working knowledge of Financial Reporting, Tax Reporting, Treasury/Budgeting and Fund Accounting affecting regulated and unregulated investment companies.* Understand GAAP for investment companies as well as financial statement presentation and disclosure rules established under Regulation S-X, Form N-1A and the Investment Company Act of 1940.* Establish and maintain disclosure controls and procedures and internal controls over financial reporting under the Investment Company Act of 1940.* Prepare and support items presented to independent Mutual Fund Board.* Seasoned multi-disciplinary expert with extensive technical and / or business knowledge and functional expertise* Focus of role is on execution of strategic direction of business function activities* Carries out complex initiatives involving multiple disciplines and/or ambiguous issues* Displays a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity* Participates in developing division strategic plan and sets goals and priorities based on the direction set for the unit; follows through to ensure that objectives are met**Knowledge****:**• Excellent oral and written communication skills.• In-depth Functional / Industry Knowledge of Asset Management and Treasury Services. • Highly flexible and adaptable to change. • Leadership and organizational skills are required to determine the Business Unit's goals, resources needed, and to assess and develop the skills of staff. **Experience****:*** A College or University degree* Minimum of 10 years of proven related work experience in mutual funds and ETF industry, with specific experience with 1940 Act funds.* 1940 Act funds financial reporting experience.* CPA preferredSalary Range:$114,500 - 194,700 USD*Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.* **Work Authorization** Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa). **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.