Northern Trust
Senior Consultant, Financial Control, Hedge Fund Services
Northern Trust, Chicago, Illinois, United States, 60290
Senior Consultant, Financial Control, Hedge Fund Services
3 days ago Be among the first 25 applicants
Direct message the job poster from Northern Trust
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
Execution and review of the monthly close processes and quarterly/annual financial statements for U.S. 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
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Finance and Sales
Referrals increase your chances of interviewing at Northern Trust by 2x
#J-18808-Ljbffr
Direct message the job poster from Northern Trust
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
Execution and review of the monthly close processes and quarterly/annual financial statements for U.S. 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
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Finance and Sales
Referrals increase your chances of interviewing at Northern Trust by 2x
#J-18808-Ljbffr