Associate Specialist, Fund Administrator

2 days ago

Chicago IL United States Northern Trust Full time

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.

Major Duties :

  1. Review of monthly fund and business entity closing summaries.
  2. Report and analyze financial data to be disseminated to our clients and their investors.
  3. Close monthly books and records of the funds to general final performance figures.
  4. Interact with clients and other Hedge Fund Services teams to obtain understanding of funds’ activities.
  5. Prepare financial statements for funds.
  6. Work directly with external auditors to ensure accuracy of each fund’s annual financial statements.
  7. Operates independently; has in-depth knowledge of business unit / function.
  8. Focus on operational risk and profitability by automating manual processes/calculations and recommending procedures to improve our integration environment and corresponding testing.
  9. A subject-matter expert on HFS’ proprietary system to answer questions on functionality/capability to assist with business problem solving.
  10. Work with HFS’ internal shared service teams to resolve accounting-related questions on how transactions should be recorded to ensure the proper accounting treatment.
  11. Research technical accounting policy questions for complex client transactions or related to new accounting pronouncements and monitor changes to U.S. GAAP and IFRS.
  12. Perform discovery due diligence with clients to gather requirements, write the back- and middle-office business requirements and test code releases in both HFS’ integration and production environments.
  13. Partner with HFS IT’s external vendor on development approach related to new functionality.
  14. Interact with the client during the discovery and on-boarding phases.

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 (e.g. Peoplesoft) is required.

Experience :

  • A College or University degree and/or relevant proven work experience is required / preferred.
  • Related Industry qualification (e.g. ACCA) is required/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.

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.

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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