Consultant, Asset Management Portfolio Administration

Northern Trust • Chicago, IL

1d • $74,200 - $126,200

About The Position

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.

Requirements

• 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
• 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

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.
• 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: Mid Level