Ntrs
Senior Consultant, Financial Control, Integrated Portfolio Services (IPS)
Chicago, IL · Senior
No sponsorship$83k-$141kDetected 2 days ago
Financial AnalysisAccountingProcess ImprovementERPResearchCommunicationAdaptabilityFinancial Reporting
About the role
- Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity.
- Produce, review, and finalize monthly financial packages (key financial statements and supporting schedules), maintaining evidence of review within the monthly close package.
- Monitor and assess prior-period postings/adjustments for materiality and potential restatement implications; summarize findings and coordinate resolution with relevant parties.
Responsibilities
- Execute month-end posting of SubLedger journal entry summaries to Oracle ERP and perform/oversee automated reconciliations to validate completeness and accuracy; investigate, document, and resolve identified breaks.
- Prepare, review, and retain support for manual accruals/adjustments when instructed, including maintaining appropriate documentation and audit trail.
- Perform NAV-to-General Ledger reconciliations (e.g., proprietary investor accounting system to Oracle ERP) and other automated reconciliations (e.g., SubLedger to Oracle ERP); research and resolve differences to closure.
- Review investor capital balances and profit and loss results, including management fee and performance allocation calculations in accordance with offering and/or governing documents.
- Oversee posting of applicable investor accounting system -generated amounts to Oracle FS and perform reconciliations (final NAV to the SubLedger and to financial statements) to confirm completeness and accuracy; investigate and resolve breaks.
- Serve as a key problem solver and point of support for month-end close, investor accounting, and financial reporting issues by performing detailed analysis, documenting findings, and escalating complex or high-risk items to senior team members in a timely manner.
- Identify process inefficiencies and potential control gaps and propose improvements; support implementation through testing, documentation updates, and coordination with stakeholders to improve accuracy, scalability, and sustainability across fund administration processes.
Requirements
- Excellent oral and written communication skills are required
- In-depth Functional / Industry Knowledge is required
- Technical Accounting skills / systems knowledge (e.g. Oracle ERP, investor accounting platforms ) is required
- Oversee the automated feed of profit and loss from the SubLedger into proprietary investor accounting system and validate allocation outputs to feeder funds and investors; when manual profit and loss adjustments are required, ensure system-enforced segregation of duties is followed for input and approval.
- Execute investor letter generation and publication controls, including fund close authorization, client review/approval prior to distribution, manual letter preparation where applicable within required timelines.
Nice to have
- Bachelor's degree in accounting, Finance, or equivalent experience preferred.
- other professional qualifications (e.g., ACCA) also preferred.
- 7+ years of experience in hedge fund administration, financial control, audit, or related financial services roles.
- Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.
- Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa)
Compensation
- Salary range is a good faith estimate of base pay.
- $83,100 - 141,300 USD
- Support periodic and annual financial statement production (quarterly, semi-annually, annually) and coordinate with auditors and stakeholders as required.
Benefits
- Northern Trust also provides a discretionary bonus program that may include an equity component.
- As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability.
- Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities.
Equal opportunity
- Reasonable Accommodation
- If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.
Visa & Work Authorization
- Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.
- Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
This listing is sourced directly from Ntrs's careers page and normalized into a canonical job model.