Sr Analyst, BU Fin Analysis

ACCA Careers; Chicago (IL); On-site; USD 83,000 - 142,000; Full time

Job summary

Join a forward-thinking financial institution as a Sr. Analyst in Financial Analysis, where you'll drive reporting and analysis related to fees and client assets. This role offers the opportunity to optimize financial processes and provide strategic insights to leadership. You'll collaborate with cross-functional teams, enhance fee-related processes, and support business unit decision-making. With a commitment to innovation and excellence, this company fosters a flexible and collaborative work culture, encouraging personal growth and community involvement. If you're passionate about financial analysis and looking for a place to grow your career, this is the opportunity for you.

Benefits

401k and pension benefits

Medical, dental, and vision insurance

Paid time off

Parental and caregiver leave

Life & accident insurance

Discretionary bonus program

Flexible working environment

Qualifications

• 5-8 years of relevant experience in financial analysis.
• Strong problem-solving and analytical skills with complex data.
• Self-starter capable of working in a fast-paced environment.

Responsibilities

• Lead monthly review of fee accruals and reconciliation of data.
• Prepare comprehensive reports on fee-related revenue and trends.
• Act as a strategic finance partner providing expert guidance.

Skills

Analytical Skills

Problem Solving

Financial Analysis

Data Analytics

Communication Skills

Education

Bachelor's degree in Finance

Bachelor's degree in Accounting

Bachelor's degree in Statistics

Tools

Excel

Power BI

Tableau

SQL BI tools

Job description

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

As a Sr. Analyst - Financial Analysis, you will own and drive reporting, analysis and opportunity identification related to fees and client assets gathering. You will also play a key role in optimizing and driving transformation of fee-related and other finance processes, developing and applying analytical frameworks to help solve business questions with relevant data and acting as a strategic partner to the business.

Major responsibilities include:

Fee Analysis, Reporting and Forecasting:

• Lead monthly review of fee accruals and reconciliation of fee-related data within financial systems to ensure accuracy in reporting and general ledger entries.
• Prepare comprehensive reports on fee-related revenue as well as net new client assets including trends, variances, and projections for leadership and other stakeholders. Deliver actionable insights through data-driven analysis to support strategic decisions.
• Investigate and explain variances in client fees and asset levels including deviations from forecasts or expectations and provide insights into underlying drivers. Own and drive the enhancement of the understanding of revenue drivers including various factors of organic growth.
• Analyze historical trends, net new client assets, and market dynamics to provide accurate fee forecasts, ensuring overall alignment with business strategies and objectives.
• Act as a subject matter expert on fee structures and processes, providing guidance on fee-related matters to internal teams and leadership.

Strategic Advisory

• Act as a strategic finance partner, providing expert guidance and actionable insights to support business unit decision-making.
• Lead or participate in ad hoc initiatives such as process improvement projects, strategic planning sessions, and cost optimization efforts. Collaborate with cross-functional teams to evaluate financial implications, develop business cases, and implement solutions that align with the organization’s goals.

Process Optimization and Transformation:

• Identify opportunities to enhance fee-related processes, implement best practices, and streamline workflows to improve efficiency and accuracy. Collaborate with IT and operational teams to implement system enhancements and tools for improved attribution, planning and forecasting of fees.
• Drive transformation within the business unit finance function by identifying inefficiencies, recommending solutions, and implementing advanced tools and systems.

Qualifications:

• Bachelor’s degree in Finance, Accounting, Statistics, or a related field.
• 5-8 years of relevant experience.
• Strong problem solving and analytical skills with the ability to interpret complex financial data and provide actionable results
• Advanced proficiency in Excel. Expertise in Power BI, Tableau and SQL BI tools strongly preferred
• Self-starter capable of working on your own initiative in fast-paced environment
• Experience in financial analysis, modeling, data analytics, driving transformation a plus

Salary Range:

$83,100 - 141,300 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.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve!Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today.#MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail].

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

For further information, and to apply, please visit our website via the “Apply” button below.