Consultant, Fund Administrator, Integrated Portfolio Services

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Major Duties

- Review monthly fund and business entity closing summaries for accuracy and completeness.
- Analyze and report financial data for distribution to clients and their investors.
- Complete the monthly close of fund books and records and produce final performance results.
- Partner with clients and other Integrated Portfolio Services teams to develop a thorough understanding of fund activities and transactions.
- Prepare annual and interim financial statements for funds and investment vehicles.
- Work directly with external auditors to support the audit process and ensure the accuracy of each fund’s annual financial statements.
- Operate independently and apply in-depth knowledge of the business unit and function.
- Support operational risk management and profitability by automating manual processes and calculations and recommending procedures to improve the integration and testing environments.
- Serve as a subject matter expert on IPS proprietary systems, answering questions regarding system functionality and capabilities and assisting with business problem-solving.
- Partner with IPS internal shared service teams to resolve accounting questions and ensure transactions receive the appropriate accounting treatment.
- Research technical accounting policy matters involving complex client transactions and new accounting pronouncements. Monitor changes to U.S. GAAP and IFRS.

- Conduct discovery and due diligence sessions with clients to gather requirements. Document back- and middle-office business requirements and test code releases in IPS integration and production environments.
- Partner with IPS IT and external vendors to determine development approaches for new functionality.
- Interact directly with clients throughout the discovery and onboarding phases.

Knowledge and Skills

- Excellent verbal and written communication skills.
- In-depth functional and industry knowledge.
- Strong technical accounting, analytical, and problem-solving skills.
- Strong technical and systems knowledge, including platforms such as PeopleSoft.
- Highly flexible, adaptable, and comfortable working in a changing environment.
- Ability to work independently and collaborate effectively with clients, auditors, technology teams, vendors, and internal business partners.

Experience

- College or university degree and/or relevant professional experience required.
- Relevant fund accounting, fund administration, financial services, or related industry experience preferred.
- Related professional qualification, such as a CPA, is preferred.

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Salary Range:
$74,200 - 126,200 USD

Salary range is a good faith estimate of base pay. Northern Trust provides 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. Northern Trust also provides a discretionary bonus program that may include an equity component.

Work Authorization

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).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has 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 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 our HR Service Center at [email protected] , or alternatively you can discuss your individual requirements with the recruiter you are working with.