Consultant, Asset Management Portfolio Accounting

Northern Trust • Chicago, IL

1d • $74,200 - $126,200

About The Position

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.

Requirements

• 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
• Bachelor degree
• 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 Microsoft Suite products with demonstrated proficiency in executing excel based formulas

Nice To Haves

• Master in Business Administration is a plus
• Experience with SQL is preferred

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.

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
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Senior