Specialist Product Manager, Fund Accounting in Chicago, IL

$200K - $250K(Ladders Estimates)

Northern Trust   •  

Chicago, IL 60601

Industry: Finance & Insurance


11 - 15 years

Posted 69 days ago

This job is no longer available.

Position Summary

The Product Management Specialist - US Fund Accounting is responsible for executing the strategy of the product umbrella as outlined by the Lead Product Manager, Product Executive and Head of Product Management for the business unit. Responsible for Product Management Lifecycle activities such as defining the target client segment market and evaluating industry trends and uncovering opportunities. The specialist product manager will also perform launches and post launch assessments/ recommendations.

Market and Product Strategy

  • Lead the development and maintenance of the product strategy and associated roadmap for FA cohesively across the Americas (North America primarily)
  • Identify new and enhanced global product opportunities, providing input to market/product strategy initiatives

Product Management

  • Lead the design and maintenance of global service definition documentation and relevant elements of sales collateral
  • Engagement with relevant industry bodies, consultants, competitor organizations, software vendors and appropriate other third parties
  • Use input to contribute to product development and product management processes
  • Maintain an awareness of market and competitor developments and position and differentiate our FA offering relative to the competition

Sales and Business Development Support

  • Work with the Sales and Business Development team on various client pitches, RFPs, due diligence meetings and other discussions/negotiations
  • Produce and update marketing and sales collateral on an ongoing basis

Leadership & Teamwork

  • Work with various team members within the broader global Fund Services Product team and key stakeholders globally including senior business management, operations & technology leadership to develop the product strategies, prioritize roadmaps and develop and enhance products as applicable

Project Management

  • Manage the product change control process for the platforms supporting Fund Administration, including preparation of business cases and feasibility studies and prioritization of change requests
  • Participate as a stakeholder in strategic change programmes, ensuring requirements are accurately captured and solutions are effective in improving product profitability

Major Challenges

  • Although based in US, the role will have global aspects therefore the successful candidate will need to work with multiple locations and teams to meet various objectives – the successful candidate will be able to demonstrate subject matter expertise as it relates to the US '40 Act mutual fund business
  • The successful candidate will also need to multi-task across various projects and be able to prioritize initiatives given limited budget and resources
  • There is continuous change in the environment, markets, client products/requirements and regulatory requirements - the successful candidate will need to have the ability to analyse these and design appropriate solutions which meet requirements and are efficient, robust and scalable

Management of Risk

  • The product manager will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation
  • The product manager will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology

Position Requirements

  • Experience in Product Management with strong and proven influencing and communication skills
  • Demonstrates an in-depth knowledge of the US Funds Industry with at least 10 years' experience
  • A strong knowledge of fund structure and jurisdictional inter-operability
  • Demonstrates a solid grasp of the technology and systems supporting the product with direct knowledge of core fund accounting platforms
  • Strong organizational, multi-tasking and time management skills
  • Experience in large change programmes is also an advantage.


Valid Through: 2019-9-3