Jobs in Park Ridge, IL

About The Position

Requirements

• Excellent oral and written communication skills are required
• In-depth Functional / Industry Knowledge is required
• Highly flexible and adaptable to change
• Technical Accounting skills / systems knowledge (e.g. Oracle ERP, investor accounting platforms ) is required
• Bachelor’s degree in accounting, Finance, or equivalent experience preferred.
• CPA preferred; other professional qualifications (e.g., ACCA) also preferred.
• 7+ years of experience in hedge fund administration, financial control, audit, or related financial services roles.
• 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)

Responsibilities

• Assist with monthly NAV close activities, including controlling period close in transaction systems, monitoring/clearing suspense items, and ensuring daily transaction and position postings from source systems to the SubLedger are complete and accurate, and that related journal entries are generated and supported.
• Execute month-end posting of SubLedger journal entry summaries to Oracle ERP and perform/oversee automated reconciliations to validate completeness and accuracy; investigate, document, and resolve identified breaks.
• Prepare, review, and retain support for manual accruals/adjustments when instructed, including maintaining appropriate documentation and audit trail.
• Produce, review, and finalize monthly financial packages (key financial statements and supporting schedules), maintaining evidence of review within the monthly close package.
• Perform NAV-to-General Ledger reconciliations (e.g., proprietary investor accounting system to Oracle ERP) and other automated reconciliations (e.g., SubLedger to Oracle ERP); research and resolve differences to closure.
• Monitor and assess prior-period postings/adjustments for materiality and potential restatement implications; summarize findings and coordinate resolution with relevant parties.
• Support periodic and annual financial statement production (quarterly, semi-annually, annually) and coordinate with auditors and stakeholders as required.
• Review investor capital balances and profit and loss results, including management fee and performance allocation calculations in accordance with offering and/or governing documents.
• Oversee the automated feed of profit and loss from the SubLedger into proprietary investor accounting system and validate allocation outputs to feeder funds and investors; when manual profit and loss adjustments are required, ensure system-enforced segregation of duties is followed for input and approval.
• Oversee posting of applicable investor accounting system -generated amounts to Oracle FS and perform reconciliations (final NAV to the SubLedger and to financial statements) to confirm completeness and accuracy; investigate and resolve breaks.
• Execute investor letter generation and publication controls, including fund close authorization, client review/approval prior to distribution, manual letter preparation where applicable within required timelines.
• Serve as a key problem solver and point of support for month-end close, investor accounting, and financial reporting issues by performing detailed analysis, documenting findings, and escalating complex or high-risk items to senior team members in a timely manner.
• Identify process inefficiencies and potential control gaps and propose improvements; support implementation through testing, documentation updates, and coordination with stakeholders to improve accuracy, scalability, and sustainability across fund administration processes.

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