Financial Analyst - Enterprise FP&A (Allocation Team)

About the role

Northern Trust, a Fortune 500 company founded in 1889, is a global financial institution known for its excellence and integrity. The Financial Analyst for the Allocation Team plays a crucial role in the monthly close activities, financial reporting, and variance analysis, focusing on revenues and expense allocations. This position requires collaboration with partners in both Manila and Chicago to meet the financial goals of the business unit and Northern Trust.

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 involving forecasting, indirect expense/allocated costs variance analysis, and preparation of various reports.
• Engage in annual planning process, supporting the business unit for the preparation, timeliness, and integrity of the annual indirect expenses budget, and proactively providing sound and valuable recommendations to stakeholders.
• Work closely with the team to identify process improvements to enhance productivity and efficiency.
• Participate in other special projects as needed.

Requirements

• 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.
• Proficiency with Office 365 applications, including Excel, PowerPoint, Teams, and Co-pilot, to efficiently perform analyses and communicate financial information.
• Knowledgeable in PeopleSoft, HFM, TM1/Cognos, and other similar systems used in financial reporting, planning, and analysis.
• Experience required: 3-5 years of relevant experience in financial planning and analysis, costing, and other relevant functional areas which may cover accounting and management reporting.

Qualifications

• 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).

Skills

• Knowledge and experience in SAP is a plus.

Benefits

At Northern Trust, we offer a comprehensive benefits package including 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, and other voluntary and well-being benefits. Additionally, we provide a discretionary bonus program that may include an equity component.

Pay

$67,500 - 111,500 USD

Schedule

We have a balanced hybrid working model to ensure flexibility, with the successful candidate spending their time between working in the office and working from home.