Manager, Fund Administrator, Hedge Fund Services
1 month ago
About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Summary
Candidate will be an experienced fund accounting ("Financial Control") manager responsible for managing the accounting and reporting deliverables for a multi-billion dollar hedge fund client. The candidate will have a proven track record of working well with and leading others in a fast paced and dynamic environment. The candidate will have a strong foundation of U.S. GAAP Hedge Fund reporting requirements, internal controls, and will partner with the client's Financial Control team to maintain efficient, accurate, and highly controlled accounting records.
The candidate will join Northern Trust Alternative Fund Services ("AFS"). This team specializes in administering assets of hedge funds, private equity managers, managed account platforms investing in alternative strategies and alternative fund of funds.
What You Will Be Responsible For
The Financial Control Manager will be responsible for:
Overseeing the monthly close processes for US GAAP Hedge funds (variety of strategies including fixed income, quantitative, equity, multi-strategy), IFRS international funds (Asia, UK, Ireland), and Broker Dealer entities.
- Collaborate with various Northern Trust and Client stakeholders for project initiatives and implementations around key topics
- including process automation, FinTech implementations, internal technology requirement development and testing
- Develop best practice process documentation and review procedures
- Mentor and lead a team of experienced professionals for best-in-class service, with a mindset of developing junior team members through trust and candor
- Serve as key point of contact with client for status of deliverables, reporting changes, and quality feedback
- Coordinate and lead collaborative debrief meetings with client executives for quality/efficiency improvements
- Act as subject matter expert within team for accounting and reporting matters
- Collaborate with internal control specialists to maintain SOC 1 equivalent control environment
- Assist in project planning/resource allocation/prioritization of project initiatives
What We Value
These skills will help you succeed in this role:
Strong technical accounting skills including working knowledge of U.S. GAAP, IFRS, and Broker Dealer accounting and
reporting standards
- Strong analytical, organizational, and problem-solving skills ("solutions-oriented" mindset)
- Client relationship-focused (internal and external relationships)
- Excellent oral and written communication skills
- Ability to manage multiple tasks simultaneously and with accuracy
- Bring an ownership mentality toward work with an innate commitment to continuous improvement, education & preferred qualifications.
- 10-15 years' of accounting experience with emphasis in Hedge Fund Accounting
- Certified Public Accountant (CPA)
- A College/University or Master's degree in accounting or finance
- Proficient in Microsoft Excel. PowerBI, Alteryx and/or VBA a plus
- Knowledge of various tools including Workiva, Wrike, Peoplesoft, JIRA
Major Duties:
- Responsible for managing a Fund Administration group for Hedge Fund Services.
- Operates independently; has in-depth knowledge of business unit/function.
- As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level.
- Carries out activities that are large in scope, cross-functional and technically difficult.
- Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities.
- Conducts performance management and career development processes, provides input for staffing and disciplinary actions, and provides hands-on training to staff.
- Develops periodic goals, organizes the work, sets short-term priorities, monitors all activities, and ensures timely and accurate completion of the work.
- Provides input and support to budget management process.
Knowledge:
- Excellent oral and written communication skills are required
- In-depth Functional / Industry Knowledge is required
- Highly flexible and adaptable to change
- Technical skills/systems knowledge is required
- Leadership and organizational skills are required to develop periodic goals and to manage and motivate team members towards the goals set.
Experience:
- A College or University degree and/or relevant proven work experience is preferred. Related Industry qualification (e.g. ACCA) is preferred
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve Join a workplace with a greater purpose.
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 sustainable companies Build your career with us and apply today.
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
For further information, and to apply, please visit our website via the "Apply" button below.
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