Settings

CAREERS

Specialist, Financial Reporting, HFS

📁
Accounting Portfolio / Fund
📅
76675 Requisition #
Apply for Job
Share this Job
Sign Up for Job Alerts
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:
  1. Act as a subject-matter expert on financial reporting items and act as a point of escalation to ensure accuracy and responsiveness. 
  2. Drive execution for agreed upon internal and external operating models and quality control of financial reporting deliverables 
  3. Drive execution of operating  model improvements including major technology initiatives focused on increasing the scalability of our financial reporting processes and providing solutions to client mandates 
  4. Drive and execute interim audit and SOC-1 testing and certification 
  5. Drive 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 
  6. Act as key liason for audit and accounting firms.
  7. Research technical accounting policy questions for complex client transactions or related to new accounting pronouncements and monitor changes to U.S. GAAP and IFRS.
  8. Support business teams as applicable and responsibilities include (but not limited too):
  • Interact with clients and other Hedge Fund Services teams to obtain understanding of funds’ activities.
  • Review financial statements for funds.
  • Work directly with external auditors to ensure accuracy of each fund’s annual financial statements. 

Knowledge/Skills:
  1. Seasoned multi-disciplinary expert with extensive technical and business knowledge and functional expertise (e.g. accounting, regulatory)
  2. Operates independently; has in-depth knowledge of business unit / function.
  3. Excellent oral and written communication skills are required
  4. Highly flexible and adaptable to change
  5. Technical skills / systems knowledge (e.g. Financial Reporting) is required
  6. Client Focused
Experience Required:
  1. A minimum of 10+ years’ experience with Investment Management and/or Financial Services; Hedge Fund specific a plus 
  2. Experience preparing and reviewing GAAP audited financial statements. IFRS a plus 
  3. CPA designation a plus 
  4. Bachelor’s degree with emphasis in Accounting, Master’s degree a plus 
  5. Big 4 public accounting experience or consulting experience 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 March 31,2019, Northern Trust Corporation had:

$10.9 trillion in assets under custody/administration
$8.2 trillion in assets under custody
$1.2 trillion in assets under management
$122 billion in banking assets 

Previous Job Searches

My Profile

Create and manage profiles for future opportunities.

Go to Profile

My Submissions

Track your opportunities.

My Submissions

Similar Listings

United States, Illinois, Chicago

📁 Accounting Portfolio / Fund

Requisition #: 75570

United States, Illinois, Chicago

📁 Accounting Portfolio / Fund

Requisition #: 76027

United States, Illinois, Chicago

📁 Accounting Portfolio / Fund

Requisition #: 76916

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