Hedge Fund Accounting Specialist & Fund Admin

Northern Trust Corp; Chicago, Northern (IL, KY); Hybrid; USD 96,000 - 162,000; Full time

Benefits offered by this job

401k and pension benefits

Health and welfare benefits

Paid time off

Discretionary bonus program

Parental and caregiver leave

Job summary

Northern Trust is seeking a seasoned professional in hedge fund accounting and financial reporting to join its Hedge Fund Services. You will analyze financial data, review closes, and collaborate with clients, auditors, and internal teams to ensure accurate reporting and compliant financial statements.

The role emphasizes process improvement, system optimization, and strong communication across stakeholders in a fast-paced financial services environment.

Qualifications

• Strong understanding of hedge fund accounting, financial reporting and fund administration operations.
• Experience with external auditors, financial statement preparation, and complex accounting matters.
• Ability to lead initiatives and communicate with clients, auditors and internal stakeholders.

Responsibilities

• Review monthly fund and legal entity close packages for accuracy.
• Analyze and report financial data for clients and investors.
• Oversee monthly close process and finalize fund performance and results.
• Coordinate with clients and Hedge Fund Services teams to understand fund activities.
• Prepare and review fund financial statements per accounting standards.
• Coordinate with external auditors for annual audits and audit statements.

Skills

Hedge fund accounting

Financial reporting

Client communication

GAAP knowledge

IFRS knowledge

Process improvement

Leadership

Education

Bachelor's degree in Accounting/Finance

CPA/CA/ACCA preferred

Job description

Northern Trust is seeking a seasoned professional in hedge fund accounting and financial reporting to join its Hedge Fund Services. You will analyze financial data, review closes, and collaborate with clients, auditors, and internal teams to ensure accurate reporting and compliant financial statements.

The role emphasizes process improvement, system optimization, and strong communication across stakeholders in a fast-paced financial services environment.