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Section Manager, Financial Reporting

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Accounting Portfolio / Fund
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73431 Requisition #
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Section Manager, Financial Reporting


Summary
The Financial Reporting group provides internal and external clients with assistance related to the annual audits and/or SEC filings across a diverse set of investment company types. The group is responsible for the preparations and reviews of fund financial statements in a timely manner while also ensuring accuracy and quality of the reports. The group provides assistance to audit firms in the processes and procedures associated with their annual fund audits for both the registered and non-registered fund base, as well as ensuring the timely and accurate filing of some SEC forms.  The group is currently looking for a Manager who possesses experience and expertise in the matters of U.S. GAAP, SEC filings and has deep working knowledge of derivatives. 


Major Duties:
1. Management of the day to day operations of a small team, including the allocation   of work and organization of reporting cycles.
2. Review of staff preparations of fund financial statements and schedules of   investments as well as coordination and drafting of the notes to the financial   statements for annual and semiannual shareholder reports for registered and non-  registered funds.
3. Manage fund and audit/client cycle deadlines and staff work load to ensure   deliverables are met and completing reviews to ensure accurate and timely filings. 
4. Acts as point of contact for Financial Reporting group to external clients
5. Review of staff preparations of SEC filings such as N-PORT or N-MFP for registered   mutual funds.
6. Coordination of audits related to staff assignment of auditor open items and client  questions and comments. 
7. Technical resource for staff regarding questions related to new   investment/derivative products, financial statement preparation questions and   auditor questions. 
8. Conduct performance management for staff; participate in on-going discussions with   staff related to performance and development within role.
9. Responsible for interacting with various business areas to determine automation   needs and provide ongoing systems support

Knowledge/Skills:
• Detailed knowledge of financial statements, and prior experience in review thereof
• Working knowledge of 1940 Act rules & regulations, forms N-Q, N-CSR, N-MFP, N-PORT   & N-CEN
• Generally Accepted Accounting Principles(GAAP), including such topics as ASC 815 &   820
• Detail oriented with excellent verbal and written communication skills
• Ability to manage the performance of a team towards deadlines
• Ability to independently administer the performance management process for direct   reports, including performance feedback, training and disciplinary actions
• Ability to make difficult decisions and work with limited supervision
• Ability to work in a fast paced environment and manage ambiguity and complexity
• Strong performer with high standards of integrity & work ethic


Experience Required:
• 8+ years of recent experience in Fund Administration/Financial Reporting industry   or related relevant industry
• 3+ years of supervisory or management experience.
• Degree in accounting or CPA preferred
• Advanced knowledge of Microsoft products
• Knowledge of Global InvestOne, Bloomberg and financial reporting systems a plus


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 September 30, 2018, Northern Trust Corporation had:

$10.8 trillion in assets under custody/administration
$8.2 trillion in assets under custody
$1.2 trillion in assets under management
$132 billion in banking assets

 

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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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