Consultant, Asset Management Portfolio Administration

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

Benefits offered by this job

401(k) and pension

Medical, dental, vision coverage

Discretionary bonus program

Parental and caregiver leave

Job summary

Northern Trust Asset Management is seeking a qualified professional to lead institutional client accounting, enhance day-to-day processes, and partner with Technology to deliver scalable reporting and effective controls.

The role emphasizes governance, reconciliation, and continuous improvement within a global firm, requiring strong communication and analytical skills.

Qualifications

• Bachelor's degree required; MBA preferred.
• Experience leading accounting functions in investment management.
• Proficiency in investment accounting for equity and fixed income assets.
• SQL experience and advanced Excel skills desirable.

Responsibilities

• Lead and automate external/internal accounting initiatives to drive economies of scale.
• Coordinate with Technology to deliver strategic outcomes and improve workflows.
• Govern daily reconciliations for global institutional entities and uphold control frameworks.
• Collaborate with cross-functional teams to design future-state operating models.

Skills

Investment accounting knowledge

GAAP knowledge

Stakeholder collaboration

Data analysis

Communication skills

SQL experience

Excel proficiency

Global mindset

Education

Bachelor's degree

MBA preferred

Fund Administration background preferred

Tools

SQL

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.

Role Summary:

Northern Trust Asset Management (NTAM) is a trillion dollar investment management firm entrusted by investors around the globe to help
them navigate changing market environments, so they can confidently realize their long-term objectives.

The Portfolio Accounting function is primarily responsible for the daily oversight & governance of the Institutional Accounting entities. This role
in partnership with practices that include Performance Measurement, Attribution, Product, and Technology will develop and execute workflow
enhancements to deliver a world-class Accounting organization. It will involve both identifying, solutioning, and championing initiatives to build
new capabilities such as day-over day Total Market Value recons for all products, while remaining agile in order to service competing needs
of dependent product initiatives.

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 Global 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 preferred..
• Background in Fund Administration 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:

$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).

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.