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.

Senior Consultant, Fund Accounting

Job Description

This role involves performing quality control checks on client deliverables across various fund accounting platforms to ensure accuracy and compliance with fund documentation, client requirements, and regulatory standards. The position is also responsible for leading fund accounting projects, including new fund launches, changes in fund structures, transitions from previous administrators, and process improvement initiatives.

Job Summary

Responsible for overseeing the Fund Accounting and Financial Reporting functions.

Coordinate with clients on day-to-day operational issues, address reportable events such as valuation errors or data breaches, and manage the associated incident reporting processes.

Conduct regular meetings with internal service providers to address operational concerns, review performance metrics such as Key Performance Indicators (KPIs) and Management Information Systems (MIS), and ensure compliance with internal and external Service Level Agreements (SLAs).

Assess and enhance the oversight framework, update due diligence assessments, and ensure internal service teams are well-informed and adequately trained on evolving regulatory requirements.

Major Duties

Fund Accounting

• Oversight and responsibility of various fund accounting deliverables and NAV production
• Liaise with the offshore team on NAV production and processes.
• Ensures NAV’s are issued accurately and within defined timeframes.
• Ensures the accurate and timely payment of operating expenses.
• Assist in resolving complex fund accounting issues and/or other fund administration matters.

Financial Reporting

• Oversight and responsibility for various contracted financial reporting services.
• Review of interim and annual financial statements for Funds.
• Active liaison with clients and external auditors, dealing with audit queries.
• Ensures agreed client service levels and regulatory filing deadlines are met.

Other Tasks

• Maintain a strong level of oversight on KPIs and high touch client service quality.
• Build professional rapport with clients and NT partners.
• Prepare and participate in internal service review meetings on Fund Accounting functions and services delegated to offshore centers.
• Conduct projects, assist in fund onboarding and stretched assignments
• Other responsibilities as discussed and assigned.

Skills/ Qualifications

• Holds a recognized Professional Accounting Qualification.
• At least 8-10 years of fund accounting/financial reporting experience required
• Knowledge of IFRS/US GAAP
• Strong knowledge of Excel and Fund Accounting platforms
• Excellent oral and written communication skills
• Independent, flexible and adaptable to change
• Strong analytical and problem solving skill
• Good organizational skill and time management
• Language – English (required), Mandarin language proficiency is a plus

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. #Made For Greater

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 MyHRHelp@ntrs.com.

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.