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Accountant – Fund Accounting

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Accounting Portfolio / Fund
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74508 Requisition #
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Job Title   - Fund Accountant (Senior)
Department  - Fund Accounting

 
Founded in Chicago in 1889, Northern Trust is one of the world’s leading financial institutions. We specialise in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.


Mission
• Calculation of Net Asset Value
• Calculation of tax reporting
• Auditor & Client liaison and queries
• NAV reporting
• First escalation point for Junior Fund Accountant


Task Description
• Preparing and reviewing Net Assets Values, distributions, and other fund accounting output for subsequent review in a timely and accurate approach from both doer and reviewer standpoint.
• Recording and reviewing accurately, and in accordance with the Department policies and procedures, such accounting records as securities positions, corporate actions related, and journal entries from both doer and reviewer standpoint.
• Reconciling and reviewing various accounts, such as Custodian, Brokers, Counterparties, and promptly researching and correcting any variances from both doer and reviewer standpoint.
• Identifying exceptions and problems affecting accounting records and prices, communicating same to the first line of management (Team Leader), and assisting in their resolution.
• Responding and supporting client queries in a timely and efficient manner when required.
• Preparing and reviewing recurrent reporting for onward transmission (Internal, to the Trustees, Clients, Third Parties) and resolving any queries posed within specific timeframes in a prompt and professional manner from both doer and reviewer standpoint.
• Ability to use initiative in order to maintain reconciliation items at a minimum level for all accounts under responsibility.
• Carrying out duties in accordance with procedures.
• Escalate issues to the first line of management (Team Leader) that may have a significant impact on client satisfaction.
• Build and maintain relationships with internal partners ensuring appropriate service levels are met or exceeded.
• Liaising with internal and external departments, Trustees/Depositaries, Custodians, Auditors, key clients and attending meetings when required.
• Communicating effectively both orally & in written form with internal departments and external bodies.
• Taking ownership with Manager(s) on various processes/projects, such as being assigned to  support the lead and/or  support  implementing  new processes in order to help the team be successful in their goals and KPIs.
• Being responsible of recertification process for BPDs, fund factsheet and client cheat sheet.
• Attending regular 1-1 meeting with Team Leader

Skills / Experience
• Proven understanding of multi region fund’s structures in a financial services NAV environment.
• Ability to work under pressure to achieve the multiple daily deadlines for client deliverables, with a mature approach.
• Knowledge of the regulatory regulations pertaining to Unit Trusts, Mutual Funds and Open Ended Investment Companies (OEICs).
• Excellent interpersonal skills for liaising with the Fund Accounting team and other Internal Departments and Third Parties.
• Hold an accounting, business or mathematical qualification in university
• Demonstrating analytical skills.


IT Skills
• Excellent desktop, IT and systems skills. Experience of Sungard InvestOne would be an advantage . Knowledge of Microsoft Excel and Word essential.
Personal Skills
• Demonstrates excellent analytical, consultative, communication and judgment skills.
• Ability to work in a structured pattern, setting priorities and meeting deadlines.

 

About Northern Trust

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.


We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.


As of December 31, 2018, Northern Trust Corporation had:

$10.1 trillion in assets under custody/administration
$7.6 trillion in assets under custody
$1.1 trillion in assets under management
$132 billion in banking assets


As Northern Trust is a financial organisation; all new employees will be required to undergo a criminal record check.

 

 


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Reasonable Accommodation
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 a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
  • APAC EEO Statement
    • APAC EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • Canada EEO Statement
    • Canada EEO STATEMENT

      Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

  • EMEA EEO Statement
    • EMEA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • USA EEO Statement
    • USA EEO STATEMENT

      It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.)EEO is Law Poster Supplement