Senior Fee Analyst - Continental Europe Team

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.

Role

This is a role for a Senior Analyst within an established International Finance Operations team.  The successful individual will be based in Limerick and will report to a local Fees Team Leader. 

The team is responsible for the timely capture, recognition, invoice and collection of corporate revenue for multiple legal entities and products across Europe and the Middle East. Alongside the calculation of the monthly revenue accruals and other control activities as part of the regional and global month end accounting close process. The team has visibility and liaison with high profile clients, Client Services, Business Operations teams and Financial Control.

Principal Responsibilities

• Straight through collation and processing of revenue data received from stakeholders;
• Collation, manipulation and analysis of source data to calculate revenue for complex fee arrangements;
• Processing and manipulation of significant volumes of data within excel;
• Collation and issue of corporate invoices in line with legal agreements in a time sensitive environment across various products and legal entities;
• Calculation and input of revenue accruals for all clients and services in line with accounting policy and within the corporate close deadlines;
• Coordination and attendance at:
  • Monthly meetings with the Client Services senior management teams;
  • Monthly / ad hoc client specific meetings clients between Client Services, Operations and the Fees team (as applicable);
• Post meeting compilation, issue, maintenance and follow up of logs and actions plans for the above;
• On-boarding of new business including legal agreement review, static data set up and billing template creation;
• Completion and approval of first time invoices for new business, where required;
• Involvement in new product on-boarding as required, including legal agreement review, fee billing model creation and tracking of clients;
• Revenue variance analysis and reporting compiled accurately and within corporate deadlines;
• Maintenance of revenue static data, ensuring correct interpretation of documented arrangements;
• Timely communication and escalation of delays / issues;
• Ensure adherence to all SOX, audit and governance controls and requirements;
• Liaison on revenue and related query resolution with Clients, Client Services, Business Operations and Finance;
• Documentation of internal processes, procedures and controls, particularly for a new business area, as required;
• Assistance and support to other Finance Operations partners, as required;
• Assisting the business liaison team with new business and new product on-boarding, KPI and reporting as required;
• Complete ad hoc / project work within deadlines agreed, as required.

Skills / Experience

Required Competencies

• Meticulous attention to detail, team player with an analytical mind, and good problem solving capabilities;
• Ability to work in a fast paced environment where month end financial reporting deadlines and  compliance with documented controls and processes are paramount;
• Highly numerate with strong analytical skills;
• Ability to apply the required level of logic, complex reasoning or problem solving skills to independently identify and resolve issues as they arise;
• Exceptional relationship building skills targeted at ensuring deliverables are met with internal and external partners;
• Enthusiastic and positive personality;
• Strong planning and organisational skills
• Strong written and verbal communication skills
• Ability to assess issues, identify solutions and problem solve on a timely basis and ideally independently
• Ability to adapt and react positively in a changing and dynamic work environment
• Ability to work in a global team environment effectively to ensure critical deadlines are met
• Flexible approach towards changing work methods, deadlines and variable workloads
• Continuous improvement mind-set

Required Skills

• Advanced level of IT skills notably MS Excel
• Experience in Fund Administration/Transfer Agen