Assoc Specialist, Fund Admin, HFS

Northern Trust • Tempe, AZ

9d • Hybrid

About The Position

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. The Northern Trust Company seeks an Assoc Specialist, Fund Admin, HFS to review daily and monthly funds and business entity closing summaries. Report and analyze financial data to be disseminated to clients and investors. Close daily and monthly books and records of funds to generate and QC Funds complex Management and Incentive fees and fund performance figures. Prepare financial statements for funds and ensure accuracy of each fund’s annual financial statements. Resolve accounting-related questions on financial transactions and resolve technical accounting policy questions. #LI-DNI Position requires a Bachelor’s degree in finance, Business Administration, Accounting, or a related field and 3 years of experience with fund administration. Experience must include a minimum of: 3 years of experience with delivering Net Asset Value and Gross Asset Value packs to client according to schedule; 3 years of experience managing accurate booking and review of all capital activities; 3 years of experience analyzing fund manager statements to facilitate the accurate valuation of a fund; 3 years of experience performing reconciliation of valuations; 3 years of experience gathering business requirements for GAP analysis and preparing Functional Requirement Documents; and 3 years of experience reviewing monthly fund and business entity closing summaries. Part time telecommuting may be permitted. 5% domestic and international travel required. #LI-DNI JOB LOCATION: Tempe, AZ. Rate of Pay: $90,820.00 - $154,280.00 per year. To apply, please visit https://careers.northerntrust.com and enter job requisition number R150559 when prompted. Alternatively, please send your resume, cover letter, and a copy of the ad to: G. Duggan, 181 W. Madison, Chicago, IL 60602. Salary Range: $90,820.00 - $154,280.00 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 [email protected] . 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.

Requirements

• Bachelor’s degree in finance, Business Administration, Accounting, or a related field
• 3 years of experience with fund administration
• 3 years of experience with delivering Net Asset Value and Gross Asset Value packs to client according to schedule
• 3 years of experience managing accurate booking and review of all capital activities
• 3 years of experience analyzing fund manager statements to facilitate the accurate valuation of a fund
• 3 years of experience performing reconciliation of valuations
• 3 years of experience gathering business requirements for GAP analysis and preparing Functional Requirement Documents
• 3 years of experience reviewing monthly fund and business entity closing summaries

Responsibilities

• Review daily and monthly funds and business entity closing summaries.
• Report and analyze financial data to be disseminated to clients and investors.
• Close daily and monthly books and records of funds to generate and QC Funds complex Management and Incentive fees and fund performance figures.
• Prepare financial statements for funds and ensure accuracy of each fund’s annual financial statements.
• Resolve accounting-related questions on financial transactions and resolve technical accounting policy questions.

Benefits

• 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
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees