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Team Lead, Fund Accounting

📁
Accounting Portfolio / Fund
📅
76027 Requisition #
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Description

Fund Accounting is a division of Northern Trust’s Global Fund Service Fund Administration group. Fund Accounting delivers valuation, accounting and administration services to Northern Trust’s Global Fund Services clients. The Team Lead will be responsible for supervising and supporting a team of Accountants within the Third Party Unregistered Fund Accounting department, assisting with workflow distribution, and organizing the team’s priorities in order to maximize the effectiveness of the group.  The Team Lead will work with his/her team to assigns tasks, set short-term priorities, monitor client deliverables and ensure timely and accurate completion of all required work. The Team Lead will also work with the Section Manager in identifying, mitigating and foreseeing potential risks to the business operations. 


Primary Responsibilities


  • Responsible for work flow distribution and the effective use of resources within the team
  • Organize the work of the team, assign tasks, set short-term priorities, monitor all activities and ensure timely and accurate completion of the work
  • Responsible for ensuring accurate completion of NAVs with various deliverable deadlines consisting of daily, weekly, bi-weekly, and monthly
  • Provide on the job technical training and coaching for all team members, and brief staff regularly on new initiatives and issues relating to work carried out by the team 
  • Ensure all procedures are kept up to date and are adhered to on a daily basis 
  • Assist the Section Manager in establishing goals and objectives for the team 
  • Responsible for maintaining or creating controls for new processes to deal with industry regulation changes
  • Generate process and system enhancement ideas and co-ordinate the introduction of these changes with supporting documented procedures
  • Conducts performance management and career development conversations with staff and invokes disciplinary actions where needed
  • Manage client expectations and be able to answer client queries in a timely manner

Required Knowledge/Skills

  • Excellent oral and written communication skills 
  • In-depth Client Accounting/Industry Knowledge 
  • Leadership and organizational skills are needed to prioritize assignments and provide feedback to staff
  • Highly flexible and adaptable to change
  • Knowledge of asset classes comprising mutual funds (bonds, equities, options, futures, and/or swaps)
  • Analytical and problem solving skills are required

Preferred Knowledge/Skills

  • Supervisory experience is desirable 
  • Knowledge of relevant software applications (Bloomberg, FIS Enterprise, FTID, Excel) preferred.
Qualifications

  • A College or University degree and/or relevant work experience is required 
  • Experience in Fund Accounting is required
  • Ability to deal confidently and articulately with internal and external counterparties
  • Ability to set priorities and manage deadlines, escalating issues where necessary
  • Good team player, self-starter, flexible, with the ability to work under pressure with minimal supervision

About Northern Trust

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 



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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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      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.

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    • 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.

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    • 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