Associate Specialist, Fund Administration, Omnium Services

Requirements

• A College or University degree and/or relevant proven work experience is required / preferred. Related Industry qualification (e.g. ACCA) is required / preferred
• #LI-HY
• #LI-CL1
• Salary Range:
• $95,600 - 162,400 USD
• Work Authorization
• Working with Us
• 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

Benefits

Additional Information

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: 1. Review of monthly fund and business entity closing summaries. 2. Report and analyze financial data to be disseminated to our clients and their investors. 3. Close monthly books and records of the funds to general final performance figures. 4. Interact with clients and other Hedge Fund Services teams to obtain understanding of funds' activities. 5. Prepare financial statements for funds. 6. Work directly with external auditors to ensure accuracy of each fund's annual financial statements. 7. Operates independently; has in-depth knowledge of business unit / function. 8. Focus on operational risk and profitability by automating manual processes/calculations and recommending procedures to improve our integration environment and corresponding testing. 9. A subject-matter expert on HFS' proprietary system to answer questions on functionality/capability to assist with business problem solving. 10. Work with HFS' internal shared service teams to resolve accounting-related questions on how transactions should be recorded to ensure the proper accounting treatment. 11. Research technical accounting policy questions for complex client transactions or related to new accounting pronouncements and monitor changes to U.S. GAAP and IFRS. 12. Perform discovery due diligence with clients to gather requirements, write the back- and middle-office business requirements and test code releases in both HFS' integration and production environments. 13. Partner with HFS IT's external vendor on development approach related to new functionality. 14. Interact with the client during the discovery and on-boarding phases. Knowledge: - Excellent oral and written communication skills are required - In-depth Functional / Industry Knowledge is required - Highly flexible and adaptable to change - Technical skills / systems knowledge (e.g. Peoplesoft) is required

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