Northern Trust
Financial Services
Specialist,FundAdministrator,HedgeFundServices
Neural analysis suggests this role is
optimal for Senior candidates.
“Specialist, Fund Administrator, Hedge Fund Services at Northern Trust. Skills: Fund administration, Financial reporting, Investor accounting, NAV close. Oversee fund administration. Oversee investor accounting”
Industry & Context.
Problem-solving; Issue investigation; Issue resolution; Risk identification; Efficiency identification
What They're Looking For.
Must Have
10+ years accounting experience, Certified Public Accountant (CPA), College/University or Master’s degree in Accounting, Proficient in Microsoft Excel
Nice to Have
Workiva knowledge preferred
What You'll Do.
Oversee fund administration
Oversee investor accounting
Oversee financial reporting
Lead NAV close activities
Manage journal entry processing
Support accrual processing
Perform reconciliations
Maintain segregation of duties
Oversee financial packages
Oversee investor allocations
Lead financial statement deliverables
Serve as technical advisor
Serve as escalation point
Drive resource planning
Drive continuous improvement
Enhance risk management
Monitor suspense items
Ensure transaction postings
Ensure position postings
Generate journal entries
Support journal entries
Review SubLedger journal entry summaries
Perform automated reconciliations
Validate completeness
Review manual accruals
Review manual adjustments
Maintain documentation
Review monthly financial packages
Maintain evidence of review
Review NAV-to-General Ledger reconciliations
Monitor prior-period postings
Coordinate resolution
Oversee financial reporting deliverables
Perform quality control review
Coordinate with auditors
Coordinate with stakeholders
Review investor capital balances
Review profit and loss results
Calculate management fees
Calculate performance allocations
Validate allocation outputs
Oversee posting of investor accounting amounts
Ensure segregation of duties
Input manual profit and loss adjustments
Approve manual profit and loss adjustments
Oversee investor letter generation
Oversee publication controls
Coordinate client review
Approve client review
Prepare manual letters
Serve as problem solver
Identify inefficiencies
Identify control design issues
Improve sustainability
Serve as key point of contact
Coordinate reporting changes
Coordinate audit feedback
Coordinate new initiatives
Lead post-audit debrief meetings
Lead project initiatives
Develop best-practice process documentation
Assist in development
Support project planning
Support resource allocation
Support prioritization
Participate in continuous improvement initiatives
Identify opportunities to streamline
Improve operational efficiency
How You'll Work.
Team & Collaboration
Client relationship focused; Partner with clients; Coordinate with auditors; Coordinate with stakeholders; Coordinate with relevant parties
Communication Scope
Oral communication; Written communication
Process & Methodology
Project planning, Resource allocation, Prioritization
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. **Overview** Oversees end-to-end fund administration, investor accounting, and financial reporting for a multi-billion dollar hedge fund client, leading daily and month-end NAV close activities across transaction systems, the SubLedger, investor accounting platforms, and Oracle ERP/FS. Manages journal entry processing, accrual support, and automated/manual reconciliations (SubLedger-to-Oracle and NAV-to-GL), ensuring timely issue investigation, documentation, and resolution and maintaining strong controls and segregation of duties. Oversees monthly financial packages and investor allocations (including management fees and performance allocations) and leads quarterly and year-end financial statement deliverables across U.S. GAAP, IFRS, and Broker Dealer requirements in partnership with clients and external auditors. Serves as a senior technical advisor and escalation point while driving documentation, training, resource planning, and continuous improvement initiatives to enhance quality, efficiency, and risk management. **Working Model:** Hybrid We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home. **Major Duties:** 1\. Oversee monthly NAV close activities, including controlling period close in transaction systems, monitoring/clearing suspense items, and ensuring
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