CAREERS

Assoc Spec, Financial Reporting, HFS

📁
Operations/Securities
📅
76014 Requisition #

The Fund Administration group for HFS is responsible for providing hedge fund clients with monthly NAVs and financials, annual draft financials and annual tax and audit support. This role is focused on execution of strategic direction of business related to financial reporting activities. The successful candidate will be a seasoned multi-disciplinary expert with extensive technical and/or business knowledge and functional expertise of Hedge Fund Services Fund Administration. The candidate will be an ambitious self-starter who has demonstrated the ability to function as an effective and strategic member in a dynamic, fast-paced and demanding environment. This individual will have a strong technical Accounting background, significant experience with audited financial statements within the Financial Services industry and a proven track record of working well with and leading others.


Major Duties:

  • Act as a subject-matter expert on financial reporting items and act as a point of escalation to ensure accuracy and responsiveness. 

  • Execute for agreed upon internal and external operating models and quality control of financial reporting deliverables 

  • Execute operating  model improvements including major technology initiatives focused on increasing the scalability of our financial reporting processes and providing solutions to client mandates 

  • Execute interim audit and SOC-1 testing and certification 

  • Support the annual year-end audit process, including planning and coordination with key clients and external auditors as well as internal team members, review and delivery of financial statements and footnotes, including both GAAP and IFRS standards 

  • Act as key liason for audit and accounting firms.

  • Research technical accounting policy questions for complex client transactions or related to new accounting pronouncements and monitor changes to U.S. GAAP and IFRS.

  • Support business teams as applicable and responsibilities include (but not limited to):

  1. Interact with clients and other Hedge Fund Services teams to obtain understanding of funds’ activities

  2. Review financial statements for funds.

  3. Work directly with external auditors to ensure accuracy of each fund’s annual financial statements. 

  • Knowledge/Skills:
  • Seasoned multi-disciplinary expert with extensive technical and business knowledge and functional expertise (e.g. accounting, regulatory)
  • Operates independently; has in-depth knowledge of business unit / function.
  • Excellent oral and written communication skills are required
  • Highly flexible and adaptable to change
  • Technical skills / systems knowledge (e.g. Financial Reporting) is required
  • Client Focused
Experience Required:
  • A minimum of 6+ years’ experience with Investment Management and/or Financial Services; Hedge Fund specific a plus 
  • Experience preparing and reviewing GAAP audited financial statements. IFRS a plus 
  • CPA designation a plus 
  • Bachelor’s degree with emphasis in Accounting, Master’s degree a plus 
  • Big 4 public accounting experience or consulting experience a plus 

About Northern Trust:
Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. 


Working with Us:
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!                
We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018. 
We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and ethical companies. Build your career with us and apply today.

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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.

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    • 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.

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