Section Manager, Fund Accounting

Northern Trust   •  

Chicago, IL

Industry: Accounting, Finance & Insurance


8 - 10 years

Posted 156 days ago

This job is no longer available.


The Unregistered Fund Accounting Division delivers fund accounting services and is responsible for calculating net asset values timely and accurately on a daily basis. These fund structures invest in a wide array of asset classes. This division fosters a dynamic and challenging environment


1. Manages a group of 15 fund accounting professionals.
2. Ensures all assigned fund valuations are delivered timely and accurately, while mitigating operational risk.
3. Act as subject matter expert for fund and class level NAV calculations and ensures the team is executing all procedures.
4. Ensures fund valuation procedures are consistent with industry best practices.
5. Key contributor in development of strategic plan for the Division. Sets goals and priorities based on the direction set for the Division. Follows through to ensure that objectives are met.
6. Oversees implementation of corporate strategic initiatives and demonstrates ability to “deliver Northern” through partnership with other key groups including Data Management, Product Development, Sales, Technology, and other business units/shared services.
7. Active involvement in new business development process and new client onboarding process.
8. Ensures team is in compliance with all Northern Trust corporate and risk policies.
9. Oversees staff performance management process, identifies training and development needs, and establishes performance standards for the group.
10. Provides leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork, and communication.
11. Makes staffing decisions, and ensures resources are available to accomplish priorities.
12. Provides support for fund accounting training group, including development and facilitation of training sessions where necessary.


Candidate with have substantial knowledge/skills in the following areas:

1. Calculation of net asset valuations.
2. Fund accounting technology platforms FIS InvestOne/Enterprise.
3. Knowledge of strategic system interfaces such as: Cash/Stock reconciliation tools, internal reporting, Northern Trust Passport, FIS InvestOne, and Fundmaster.
4. Fund accounting and administration best practices as it relates to internal controls.
5. Managing a team of professionals to execute established goals
6. Excellent client service and communication skills

Candidate should have 8+ years of experience in the investment company industry, including subject matter expertise relating to fund accounting, experience utilizing FIS’ InvestOne/Enterprise platform, client service experience, experience managing a team of 10+ professionals , and a 4 yearBachelor’s degree.