Associate Specialist, Fund Administration, Omnium Services

About Northern Trust

Northern Trust (Nasdaq: NTRS) is a global leader in innovative wealth management, asset servicing, asset management, and banking services. Founded in 1889, the company is guided by three principles: Service, Expertise, and Integrity. These principles are reflected in the business conduct of its partners, who aim to provide exceptional service to clients and communities worldwide.

Major Duties

• Review of monthly fund and business entity closing summaries.
• Report and analyze financial data to be disseminated to clients and investors.
• Close monthly books and records of the funds to general final performance figures.
• Interact with clients and other Hedge Fund Services teams to understand funds' activities.
• Prepare financial statements for funds.
• Work directly with external auditors to ensure accuracy of each fund's annual financial statements.
• Operate independently; possess in-depth knowledge of business unit/function.
• Focus on operational risk and profitability by automating manual processes/calculations and recommending procedures to improve integration environment and corresponding testing.
• Be a subject-matter expert on HFS' proprietary system to answer questions on functionality/capability and assist with business problem-solving.
• Collaborate with HFS' internal shared service teams to resolve accounting-related questions on how transactions should be recorded to ensure proper accounting treatment.
• Research technical accounting policy questions for complex client transactions or related to new accounting pronouncements and monitor changes to U.S. GAAP and IFRS.
• Perform discovery due diligence with clients to gather requirements, write business requirements, and test code releases in both HFS' integration and production environments.
• Partner with HFS IT's external vendor on development approach related to new functionality.
• Interact with clients during the discovery and on-boarding phases.

Knowledge

• Excellent oral and written communication skills are required.
• In-depth functional/industry knowledge is required.
• Highly flexible and adaptable to change.
• Technical skills/systems knowledge (e.g., Peoplesoft) is required.

Experience

• A College or University degree and/or relevant proven work experience is required/preferred.
• Related industry qualifications (e.g., ACCA) are required/preferred.

Salary Range

$95,600 - 162,400 USD
Salary range is a good faith estimate of base pay.

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 with an equity component

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture with a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy

Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.