Full Job Description
Northern Trust Accounting roles provide valuation accounting and administration services to investment manager clients and other internal customers within the bank. Accounting departments deliver net asset values and income details for various investment products. They also support fund administration and regulatory reporting services.
Utilizing global operating platforms ensures that client reporting is driven from a single transaction source and enables delivery of a full suite of online tools including daily performance and compliance monitoring already available to sophisticated institutional investors.
The key responsibilities of the role include:
Calculate and deliver net asset values for various commingled fund products, including registered mutual funds, private equity, partnerships, hedge funds, fund of funds, and collective trusts.
Provides performance data for individual manager portfolio through the processing and reconciliation of accounting on the appropriate system.
Daily reviews diversified transactions, performing maintenance on assigned accounts according to procedures, including checking and correcting discrepancies, verifying outside funds, and reviewing transactions.
Audits investment reports, cash statements, and supplemental reporting to verify that data is correctly posted and transactions properly classified. Writes inquiries to resolve audit discrepancies.
Verifies report schedules, ensuring that reports sent to clients are accurate and mailed within scheduled timeframes.
Run daily valuation audits and Deliver valuation reports to clients.
Investigate and resolve cash/position exceptions and tolerance breaches.
Understand and reconcile asset life cycle events between the accounting system and custodians.
Apply accounting and finance principles to numerous asset types.
Demonstrate ability to work well in a team environment.
First point of reference for day-to-day queries.
The successful candidate will benefit from having:
Bachelor’s degree in Finance, Accounting, or other relevant areas of study with a December 2019 – June 2020 graduation date preferred (Start date will be January or June/July 2020).
Candidates should be analytically and technically sound with knowledge of financial markets and some knowledge of investment management operations.
Knowledge of accounting and securities processing procedures, usually acquired through accounting/finance coursework or prior related experience, is required to review and audit reports.
Analytical skills are required to research and resolve inquiries/data
Organizational skills are required to provide client reports within scheduled timeframes.
Strong communication skills are required to facilitate the flow of information back and forth between clients, underlying investors, internal partners, and interested 3rd parties.
Industry Knowledge is preferred.
Pro-active approach to accuracy and attention to details.
Ability to work well under pressure and with tight deadlines.
Proficient user of Excel.
Knowledgeable with investment strategies and/or securities.
Must understand accounting and financial principals for numerous asset classes.
Complete stages 1, 2 and 3 to be considered for an in person interview.
Stage 1 – Online Application.
Click on Apply for Job and complete your online application where we ask you for personal information, academic history and check your eligibility. After completing this stage satisfactorily you will receive an email invitation to complete Stage 2.
Stage 2 – Career eNTry online assessment.
Take a brief online assessment so we can identify key skills and attributes important for working at Northern Trust. On passing the assessment you will receive an email invitation to complete Stage 3.
Stage 3 – On Demand Video Interview.
You’ll be invited to record answers to a number of short interview questions. You may be asked about your knowledge of Northern Trust your strengths and your motivations to start your career with us.
Once you have completed all 3 stages a Recruiter will review all the information you have provided and contact you if you have been selected for an in person interview.
Keep an eye on your email for the invitations, including your spam folders. Add email@example.com to your safe sender list.
If you apply to more than one position you’ll only need to complete the assessment and on demand video interview once.
Good luck, we are looking forward to learning more about you.
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need reasonable accommodation for any part of the employment process, please email us at firstname.lastname@example.org.