CAREERS

Specialist, Financial Control, HFS

📁
Operations/Securities
📅
18099 Requisition #

Summary:

Seasoned hedge fund administration and accounting professional with extensive technical accounting and business knowledge.  The Fund Administration group for AFS is responsible for providing hedge fund clients with a range of back office services, including monthly NAV calculations, including management and performance fees, , annual  financial statements and audit support, and investor services. Focus of the role is providing technical accounting expertise (primarily investment company accounting under US GAAP), performing detailed reviews of monthly and annual work papers, identifying opportunities for improved efficiency and control enhancements, and on execution of strategic projects in support of a strategic hedge fund client. Carries out the most complex initiatives involving multiple disciplines and/or resolves ambiguous issues. Consistently displays a balanced, cross-functional perspective, liaising with numerous parties to improve efficiency, effectiveness and productivity.


Major Duties:

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

·     Work with AFS’ internal shared service teams to resolve accounting-related questions on how transactions should be recorded to ensure the proper accounting treatment.

·     Focus on operational risk and profitability by automating manual processes/calculations and recommending procedures to improve our integration environment and corresponding testing.

·     A subject-matter expert on AFS proprietary system to answer questions on functionality/capability to assist with business problem solving.

·     Partner with internal and external technology teams on development approach related to new functionality.

·     Interact with the client during the discovery and on-boarding phases for new funds.

·     Support business teams as applicable and responsibilities include (but not limited too):

a.    Review of monthly fund and business entity closing summaries or other client data.

b.    Report and analyze financial data to be disseminated to our clients and their investors.

c.    Close monthly books and records of the funds to generate final performance figures.

d.    Interact with client and other internal teams to support fund activities.

e.    Prepare and/or review financial statements for funds.

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


Knowledge/Skills:

·     10+ years’ experience in hedge fund accounting and administration with extensive technical and business knowledge and functional expertise.

·     Operates independently; has in-depth knowledge of business unit / function.

·     Excellent oral and written communication skills are required.

·     Highly flexible and adaptable to change.

·     Strong attention to detail and ability to meet tight deadlines in a fast-paced environment.

·     Ability to identify key risks and design and implement compensating controls.

   

Experience Required:

·     A College or University degree and/or relevant proven work experience is required.

·     Related Industry qualification (e.g. CPA) is  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), 1800-425-0333 (India), +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/INDIA 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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