Northern Trust
Financial Services
FinancialAnalyst-EnterpriseFP&A(AllocationTeam)
Neural analysis suggests this role is
optimal for Mid+ candidates.
“Financial Analyst - Enterprise FP&A (Allocation Team) at Northern Trust. Skills: Financial analysis, Expense allocations, Budgeting. Serve as point of contact for expense and. Review monthly and quarterly allocation configurations”
What You'll Achieve.
Meet financial goals of business unit; Meet financial goals of Northern Trust
Industry & Context.
Analytical skills; Problem-solving skills
Authorized to work in U.S., No visa sponsorship
What They're Looking For.
Must Have
3-5 years relevant experience, Financial planning and analysis experience, Costing experience, Management reporting experience
Nice to Have
Background in costing and allocations, Industry knowledge beneficial, Knowledge and experience in SAP is a plus
What You'll Do.
Serve as point of contact for expense and
Review monthly and quarterly allocation configurations
Perform monthly/quarterly reporting processes
Forecast indirect expenses
Analyze allocated costs variance
Prepare financial reports
Engage in annual planning process
Support business unit budget preparation
Identify process improvements
Enhance team productivity
Enhance team efficiency
Participate in special projects
How You'll Work.
Team & Collaboration
Work with partners in Manila and Chicago; Build relationships in blended environment
Communication Scope
Present financial information; Communicate financial information
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. The Financial Analyst for the Allocation Team will engage in the monthly close activities, financial reporting and variance analysis (focusing on revenues and expense allocations) and other ad hoc tasks including but not limited to costing studies, refresh of allocation methodologies as well and both product and client profitability items. The financial analyst will work closely and frequently with partners based both in Manila and Chicago to ensure the financial goals of the business unit and of Northern Trust are met. **Major Duties** * Point of contact and subject matter expert for indirect expense and revenue allocations. The analyst will handle and review monthly and quarterly allocation configurations updates from different Business units. * Perform monthly/quarterly reporting processes which involve forecasting, indirect expense/allocated costs variance analysis and preparation of various reports. * Engage in annual planning process which includes, supporting the business unit for the preparation, timeliness and integrity of the annual indirect expenses budget (from plan cost allocation set-up to periodic cost allocation runs and reporting) and proactively providing sound and valuable recommendations to stakeholders that would impact key business decisions. * Work closely with the team in identifying process improvements to enhance the productivity and efficiency of the team. * Particip
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