Consultant, Asset Management Portfolio Administration

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, Northern Trust is guided by three Principles That Endure: Service, Expertise, and Integrity. These principles are reflected in the firm's commitment to its employees, whom it calls partners, and to the clients and communities it serves worldwide.

Role Summary

Northern Trust Asset Management (NTAM) is entrusted with helping investors achieve their long-term objectives through expert investment management. The Portfolio Accounting function oversees and governs Institutional Client Accounting, aiming to deliver a world-class organization through automation and continuous improvement.

Primary Duties And Responsibilities

• Work alongside global partners to deliver a robust, low-touch operating model for Institutional Client Accounting.
• Lead accounting-related external and internal initiatives to drive automation and economies of scale.
• Identify trends within data or workflows and formulate solutions to improve efficiency.
• Partner with Technology to develop strategic outcomes and solve complex accounting problems.
• Governance over daily reconciliation for all global institutional entities, ensuring the reconciliation model remains up-to-date and driving change.
• Provide business testing and certification to ensure all system capabilities are functional.
• Collaborate with multi-disciplinary teams to assess current state and architect future-state operating models, processes, and capabilities.
• Implement long-term strategic initiatives to support the growth of the team/enterprise.
• Motivate and guide global partners to foster growth, autonomy, and resilience.
• Consult with product teams, COO teams, and technology to develop scalable and modular reporting for funds and separate accounts.

Necessary Knowledge And Skills

• Comprehensive understanding of the investment management business, including multiple asset classes and investment systems.
• Knowledge of Global Accepted Accounting Practices (GAAP).
• Prior experience in integrating and influencing others across a network to unlock new opportunities.
• Experience measuring and managing competing priorities to ensure initiative delivery.
• Demonstrated ability to build dynamic relationships and collaborate with multiple groups and stakeholders.
• Outstanding communication skills, both written and verbal, with the ability to develop materials and present to 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 and offer solutions to drive iterative change.
• Proficiency with investment accounting for both Equity and Fixed Income Asset Classes.
• Track record of driving iterative improvement to foster growth and continuity.
• Experience with SQL is preferred.
• Proficiency with Microsoft Suite products, particularly Excel, for executing formulas and creating reports.

Necessary Experience And Education

• 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.
• Experience with SQL is preferred.
• 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, particularly Excel, for executing formulas and creating reports.

Salary Range

$74,200 - 126,200 USD

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
• Discretionary bonus program with an equity component
• Voluntary and well-being benefits

Reasonable Accommodation

Northern Trust is committed to providing reasonable accommodations for individuals with health conditions and disabilities. Please email MyHRHelp@ntrs.com or discuss your individual requirements with the recruiter you are working with.