Financial Analyst - Enterprise FP&A (Allocation Team)

Northern Trust • Chicago, IL

1d • $67,500 - $111,500 • Hybrid

About The Position

The Financial Analyst for the Allocation Team will engage in the monthly close activities, financial reporting and variance analysis (focusing on revenues and expense allocations) and other ad hoc tasks including but not limited to costing studies, refresh of allocation methodologies as well and both product and client profitability items. The financial analyst will work closely and frequently with partners based both in Manila and Chicago to ensure the financial goals of the business unit and of Northern Trust are met.

Requirements

• Proficiency with Office 365 applications, including Excel, PowerPoint, Teams and Co-pilot to efficiently perform analyses and communicate financial information to various stakeholders.
• Knowledgeable in PeopleSoft, HFM, TM1/Cognos and other similar systems used in financial reporting, planning and analysis.
• Flexible and a team player who is conscious of deadlines.
• Ability to work effectively and build relationships in a geographically blended environment (primarily North America and Philippines).
• 3-5 years of relevant experience in financial planning and analysis, costing, and other relevant functional areas which may cover accounting and management reporting.
• Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.
• Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa)

Nice To Haves

• Preferably a candidate with a background in costing and allocations.
• Strong analytical and problem-solving skills to evaluate financial results.
• Effective written and verbal communication skills to present relevant information to the Senior Management and various stakeholders.
• Knowledge and experience in SAP is a plus.
• Industry knowledge is beneficial.

Responsibilities

• Point of contact and subject matter expert for indirect expense and revenue allocations.
• Handle and review monthly and quarterly allocation configurations updates from different Business units.
• Perform monthly/quarterly reporting processes which involve forecasting, indirect expense/allocated costs variance analysis and preparation of various reports.
• Engage in annual planning process which includes, supporting the business unit for the preparation, timeliness and integrity of the annual indirect expenses budget (from plan cost allocation set-up to periodic cost allocation runs and reporting) and proactively providing sound and valuable recommendations to stakeholders that would impact key business decisions.
• Work closely with the team in identifying process improvements to enhance the productivity and efficiency of the team.
• Participate in other special projects.

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
• Education Level: No Education Listed