Consultant, Asset Management Portfolio Accounting

Northern Trust Corp; Chicago (IL); On-site; USD 74,000 - 126,000; Full time

Job summary

Northern Trust is seeking a Consultant for Asset Management Portfolio Accounting in Chicago. You will work with global partners to deliver a robust operating model, lead automation initiatives, and support institutional client accounting across asset classes.

The role requires a strong foundation in investment accounting, GAAP, data analysis, and effective communication with diverse stakeholders. A collaborative, detail-oriented mindset is essential for success.

Qualifications

• Bachelor degree; MBA is a plus.
• 4+ years in the investment management accounting field.
• Proficiency with investment accounting for Equity and Fixed Income assets.
• Proficiency in SQL and data analysis.
• Strong communication and ability to collaborate with global teams.
• Demonstrated ability to drive process improvements.

Responsibilities

• Lead accounting-related internal and external initiatives to drive automation and economies of scale.
• Govern daily reconciliation for global institutional entities and maintain the reconciliation model.
• Collaborate with Technology to develop scalable reporting (e.g., Sustainable Investing) for funds and separate accounts.
• Partner with Business Unit Manager to implement long-term strategic initiatives for team growth.
• Provide guidance to onshore and offshore resources to resolve complex accounting problems.

Skills

GAAP knowledge

Investment accounting

Data analysis

SQL

Communication skills

Collaboration

Attention to detail

Education

Bachelor's degree

MBA preferred

Tools

Microsoft Excel

Investment accounting software

Job description

## Consultant, Asset Management Portfolio AccountingApply: Chicago, IL: Full time: Posted Yesterday: R161205**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. **Primary Duties and Responsibilities:** Work alongside global partners to deliver a robust, low touch, operating model for supporting Institutional Client Accounting:* Lead accounting-related external and internal initiatives to drive automation to drive economies of scale.* Identify trends within data or workflows resulting in insufficient outcomes. Formulate solutions, write development stories, and partner with Technology to develop strategic outcomes.* Act as an escalation point onshore and offshore resources to provide guidance for complex Accounting problems.* Governance over daily reconciliation for all global institutional entities, maintaining the reconciliation model and using outcomes to drive forth change while.* Provide business testing and certification that all system capabilities are functional. Function is performed on an ad-hoc basis with tight deadlines, requiring partners to remain agile while servicing competing needs.* Collaborate with multi-disciplinary teams to assess current state and architect future-state operating models, processes, capabilities required to successfully support evolving business needs.* Partner with Business Unit Manager to implement long term strategic initiatives pursuant to the growth of the team/enterprise.* Strengthen the first line of defense (1LOD) by instilling a culture of continuous improvement and robust policy and data domain documentation to reduce operational risk and drive operational excellence.* Motivate and guide global partners to inhibit growth, autonomy, and build resiliency.* Consult with product team, COO teams, technology etc. to develop scalable and modular reporting (for e.g. Sustainable Investing) for funds and separate accounts. **Necessary Knowledge and Skills:*** Detailed understanding of the investment management business, multiple asset classes and investment systems* Knowledge of Generally Accepted Accounting Practices (GAAP)* Prior experience in integrating and influencing others across a network, and unlocking new opportunities to drive excellence in investment accounting* Experience measuring & managing competing priorities to ensure delivery of initiatives across competing deadlines* Dynamic relationship building and partnership skills; a strong collaborator with experience partnering on initiatives amongst* multiple groups and stakeholders* Outstanding communication skills, both written and verbal, with demonstrated ability to develop materials and effectively* present to and persuade executive audiences* Global outlook with sensitivity and awareness of social and cultural differences* Strong situational awareness and decision making capabilities..* Ability to review large data sets utilizing strong analytical capabilities to identify fact patterns within the data. Demonstrates capability to offer up solutions to drive iterative change **Necessary Experience and Education:*** Bachelor degree; Master in Business Administration is a plus* Background in Fund Administration or Fund Accounting strongly preferred* At least 4 years of work experience in the investment management industry, with a demonstrated track record of leading accounting functions* Proficiency with investment accounting for both Equity and Fixed Income Asset Classes* Track record of driving iterative improvement to help foster growth and continuity* Experience with SQL is preferred* Experience with Microsoft Suite products with demonstrated proficiency in executing excel based formulasSalary Range:$74,200 - 126,200 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).