Job Description

About Northern Trust

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Who We Are Looking For

Candidate will be an experienced fund accounting (“Financial Control”) consultant responsible for the execution and review of accounting and reporting deliverables for a multi-billion-dollar hedge fund client. The candidate will have a proven track record of working well with and leading others in a fast paced and dynamic environment. The candidate will have a strong foundation of U.S. GAAP Hedge Fund reporting requirements, internal controls, and will partner with the client’s Financial Control team to maintain efficient, accurate and highly controlled accounting records.

The candidate will join Northern Trust Alternative Fund Services (“AFS”). This team specializes in administering assets of hedge funds, private equity managers, managed account platforms investing in alternative strategies and alternative fund of funds.

Why This Role is Important to Us

Why this role is important to us Northern Trust is dedicated to providing the best-in-class service to its clients. This role is on a high-profile dedicated Client team made up of exceptional performing professionals. At AFS, we aim to provide the best-in-class service to our clients to maintain our high client satisfaction ratings.

Do you want to work for a company where you feel valued? Have a sense of belonging among trusted colleagues? See potential for growth and have flexibility to integrate work with your personal live? Join us if making your mark in the financial services industry from day one is a challenge that excites you!

What You Will Be Responsible For

• The Financial Control Senior Consultant will be responsible for:
• Execution and review of the monthly close processes and quarterly/annual financial statements for US GAAP Hedge funds (variety of strategies including fixed income, quantitative, equity, multi-strategy), IFRS international funds (Asia, UK, Ireland) and Broker Dealer entities
• Collaborating with various Northern Trust and Client stakeholders for project initiatives and implementations around key topics including process automation, FinTech implementations, internal technology requirement development and testing
• Developing best practice process documentation and review procedures
• Working with team members for best-in-class service, with a mindset of developing junior team members through trust and candor
• Serving as key point of contact with client for status of deliverables, reporting changes and quality feedback
• Coordinating and leading collaborative debrief meetings with colleagues and client contacts for quality/efficiency improvements
• Acting as subject matter expert within team for accounting and reporting matters
• Collaborating with internal control specialists to maintain SOC 1 equivalent control environment
• Liaising with external auditors and coordinating timely responses to inquiries to ensure accuracy of financial statements
• Assisting in project planning / resource allocation / prioritization of project initiatives

What We Value

These skills will help you succeed in this role:

• Strong technical accounting skills including working knowledge of U.S. GAAP, IFRS and Broker Dealer accounting and reporting standards
• General understanding of hedge funds and master-feeder structure
• Strong analytical, organizational and problem-solving skills (“solutions-oriented” mindset)
• Ability to learn quickly on-the-job and apply knowledge to develop solutions to complex issues
• Client relationship focused (internal and external relationships)
• Excellent oral and written communication skills; an ability to concisely explain technically complex financial/accounting transactions in plain English
• Ability to manage multiple tasks simultaneously and with accuracy
• Bring an ownership mentality toward work with an innate commitment to continuous improvement

Education & Preferred Qualifications

• Bachelor’s or master’s degree in accounting or finance
• Certified Public Accountant (CPA) preferred but not required
• Proficient in Microsoft Excel. Power BI, Alteryx and/or VBA a plus
• Knowledge of various tools including Workiva, Wrike, Peoplesoft, JIRA
• 2+ years of accounting experience with emphasis in Hedge Fund Accounting

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