Consultant, Asset Management Portfolio Accounting

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

Benefits offered by this job

401k plan

Pension plan

Career development

Job summary

Northern Trust seeks a senior professional to lead institutional client accounting initiatives. You will partner with global teams to drive automation, improve reconciliation, and deliver scalable reporting for funds and separate accounts.

The role requires strong GAAP knowledge, 4+ years in investment management accounting, and proven ability to influence across groups. You will mentor partners and help strengthen risk controls while maintaining deadlines.

Qualifications

• Bachelor degree; MBA preferred.
• Experience in Fund Administration or Fund Accounting.
• 4+ years in investment management with accounting leadership.

Responsibilities

• Lead accounting initiatives to automate processes and drive efficiencies.
• Govern daily reconciliation and maintain the reconciliation model.
• Develop scalable, modular reporting for funds and separate accounts.
• Collaborate with global teams and partner with business units to execute strategy.

Skills

Investment accounting knowledge

GAAP knowledge

Cross-team collaboration

Data analysis

Executive communication

Global mindset

Education

Bachelor degree

MBA preferred

Tools

SQL

Microsoft Excel

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.

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 formulas

Salary Range

Salary Range: $74,200 - 126,200 USD

Salary range is a good faith estimate of base pay.

Benefits

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.

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).