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
Experience:
A College or University degree and/or relevant proven work experience is required / preferred. Related Industry qualification (e.g. ACCA) is required / preferred
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Salary Range:
$95,600 - 162,400 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).
