Specialist, Financial Reporting, Hedge Fund Services

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.

Candidate will be an experienced financial reporting professional responsible for review of quarterly and annual financial statements for a multi-billion-dollar hedge fund client. The candidate will have a strong foundation of U.S. GAAP, IFRS, and Broker Dealer reporting requirements and partner with the client’s Financial Reporting team to ensure financial statements are in compliance with these reporting standards.

The candidate will join Northern Trust Alternative Fund Services (“AFS”). This team specializes in administering assets of hedge funds, private equity managers, managed account platforms investing in alternative strategies and alternative fund of funds.

Why this role is important to us
Northern Trust is dedicated to providing the best-in-class service to its clients. This role is on a high-profile dedicated Client team made up of exceptional performing professionals. At AFS, we aim to provide the best-in-class service to our clients to maintain our high client satisfaction ratings.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What You Will Be Responsible For
The Financial Reporting Associate Specialist will be responsible for:
· Lead the annual year-end audit process, including planning and coordination with the client and external auditors as well as internal team members, review and delivery of financial statements and footnotes, including under both US GAAP and IFRS
· Research, analyze and document new accounting pronouncements and the impact on current or proposed transactions/policies
· Dedicated to servicing a global, multi-strategy hedge fund with several billion dollars in assets under management.
· Identify, develop, and execute on process improvements including major technology initiatives focused on increasing the scalability of our financial reporting processes and providing solutions to client mandates
· Acquire content knowledge to function as the team Subject Matter Expert on financial reporting topics and act as a point of escalation to ensure accuracy and responsiveness
· Complete quality checks and reviews on year-end financial reporting packages and reports.
· Develop and maintain detailed process documents for financial reporting topics
· Work collaboratively and provide ongoing financial reporting support for both clients and internal teams
· Communicate client expectations and deadlines across business units involved
· Consult with clients on a regular basis to ensure satisfaction

What We Value
These skills will help you succeed in this role:
· Strong technical accounting skills including working knowledge of U.S. GAAP, IFRS and Broker Dealer accounting and reporting standards
· Strong analytical, organizational and problem-solving skills (“solutions-oriented” mindset)
· Client relationship focused (internal and external relationships)
· Excellent oral and written communication skills
· Ability to manage multiple tasks simultaneously and with accuracy
· Bring an ownership mentality toward work with an innate commitment to continuous improvement

Education & Preferred Qualifications
· 5+ years’ of accounting experience with emphasis in Financial Reporting
· Certified Public Accountant (CPA)
· A College/University or master’s degree in accounting
· Proficient in Microsoft Excel
· Knowledge of Workiva preferred but not required

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like financial reporting and hedge funds, seek to provide accuracy in