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Consultant, Fund Accounting

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Accounting Portfolio / Fund
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73403 Requisition #
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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 18,100 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 June 30, 2018, Northern Trust Corporation had:

$135 billion in banking assets
$8.1 trillion in assets under custody
$10.7 trillion in assets under custody/administration
$1.1 trillion in assets under management

The Fund Administration Consultant reviews and analyzes fund accounting operational procedures, processes and problems and proposes systems changes to increase productivity and efficiency and decrease risk. Leads and interacts with staff in both Technology and Operations to formulate solutions to business problems, create new products, and reengineer existing processes to ensure client needs are met and root causes of errors are eliminated. Serves as the first point of technical contact for the accounting system and related tools and applications. Gathers and creates business requirements for proposed changes, creates detailed test plans and scripts, performs comprehensive testing of proposed changes, and prepares the business groups for the installation of system changes. 

1. Reviews documents, existing procedures, and processes and recommends where automation or improved processes can be implemented. 
2. Designs and develops new procedures when appropriate.
3. Assesses and analyzes impact of proposed changes on workflow and on staff. Designs and develops documentation to support changes and provides training where necessary.
4. Investigates and identifies root causes of system and application errors. Re-engineers processes to ensure that client needs are met and efficient processes are in place.
5. Meets with business representatives and technology partners to gather requirements for proposed changes, writes details business requirements for changes, develops detailed test plans, performs comprehensive testing on changes, and prepares the business groups for the installation of changes. 
6. Provides systems support to the business groups for the accounting system and related tools and applications.
Three years of experience in the fund industry. Experience in fund accounting operations and experience with fund accounting systems, particularly SunGard products, is ideal. 
• An in-depth knowledge of fund accounting operations, usually acquired through experience in related areas, is necessary in order to recommend process improvements and effectively assess their impact on the business groups.
• Knowledge of fund accounting systems, usually acquired through formal training or experience, is required to assess automation possibilities. 
• Advanced analytical skills are required to evaluate effectiveness of processes, to effectively assess detailed test results, and to troubleshoot problems with existing processes. 
• Communication skills are required to work effectively with Technology and Operations partners to gather and document requirements for changes and to successfully communicate those changes to business users.
• Organizational skills are required to successfully navigate projects through the entire software development life cycle.
• Knowledge and experience in Agile Project Management are a plus. 
• Knowledge and experience with Robotics Process Automation are a plus. 

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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
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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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  • 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