Northern Trust
Financial Services
AssociateConsultant
Neural analysis suggests this role is
optimal for Mid+ candidates.
“Associate Consultant at Northern Trust. Skills: Hedge fund accounting, Fund administration, Financial operations. Ensure transactions captured and accounted for correctly. Track and execute lifecycle events”
Industry & Context.
Problem solving
What They're Looking For.
Must Have
5+ years of experience in hedge fund accounting, 5+ years of professional experience, Bachelor's degree in an applicable field, Basic understanding of custody and fund administration functions
Nice to Have
Business or financial services qualification or studying for same
What You'll Do.
Ensure transactions captured and accounted for correctly
Track and execute lifecycle events
Liaise directly with clients and market participants
Perform and review reconciliations
Respond to complex queries
Represent the team in cross-functional initiatives
Provide technical guidance to the team
Act as SME and provide functional support
Prepare and review NAV calculations and reports
Prepare and review financial statements
Serve as primary contact for hedge fund clients
Build relationships with fund managers
auditors and stakeholders
How You'll Work.
Team & Collaboration
Cross-functional initiatives; Client services; Relationships management
Communication Scope
Written communication; Verbal communication
Full Job Description
**_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. 1\. Ensure all transactions have been captured and accounted for correctly on internal client books and records are completed accurately within internal market and SLA deadlines 2\. Track and execute lifecycle events from initial set-up to closeout; taking into account coupons, corporate actions, dividend payments and resets 3\. Liaise directly with clients and other market participants to confirm and settle transaction. 4\. Perform and review reconciliations between internal and external data sources. Timely resolution of exceptions 5\. Respond to complex queries from external parties in relation to associated trades/positions 6\. Represent the team in cross-functional initiatives and/or projects 7\. Provide technical guidance to the team by successfully onboarding new hires, proactively addressing complex issues, critical clients and escalations 8\. Act as SME and provide functional support and coverage for the team, providing direction on workflow prioritization and transaction approval when needed. 9\. Prepare and review weekly, monthly and quarterly NAV calculations and reports. 10\. Prepare and review financial statements in accordance with the applicable accounting standards (IFRS and US GAAP) 11\. Serve as the primary contact for the assigned hedge fund clients. 12\. Build strong relationships with fund managers, auditors and internal stakeholders. Knowledge: • A keen awareness of the
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