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Fund Accounting - Technical Coordinator

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Listing Info

Job Function : Accounting Portfolio / Fund

Manager Position : Non-manager

Standard Hours : 40

Exempt/Non-Exempt : Non-Exempt

Regular/Temporary : Regular

Northern Trust is the industry leader in Cross-Border Pooling fund accounting and designed and developed proprietary accounting modules to support the special needs of these tax-transparent funds. The Pooling fund accounting team in Chicago calculates the net asset value (NAV) for tax-transparent fund vehicles which are domiciled in Ireland, Luxembourg, and The Netherlands. These funds are sponsored by investment managers and large multi-national corporations and invest in a wide-array of global securities.
Fund Accountant III (FA) is responsible for the daily workflow and quality review of the NAV in addition to ensuring the team is adhering to all accuracy and timeliness standards as set forth by internal or external regulatory board. The FA will interact with Northern Trust partners around the globe to research and resolve complex transaction and reconciliation related queries. In addition, the FA will help develop the knowledge and skills of the fund accountants and lead various projects and initiatives both within the group as well as cross-function. FAs are responsible for identifying process improvements, training gaps, and helping to define new processes and procedures. The FA will act as an expert in general fund accounting and specifically in respect to tax-transparent processes. This role does not have formal people management responsibilities but will provide input into performance management and career development processes for junior staff. Lastly, the FA will be an active participant in the planning and execution of new client launches and fund restructures and expansion activity for existing clients.

Knowledge/Skills

Fund/Investment portfolio accounting and valuations – Sungard's Global Invest One software; accounting and theoretical understanding of complex financial instruments and corporate actions; knowledge and application of German tax calculations (Atkiengewinn); investment manager performance fees; Strong analytical skills and the ability to work independently

Major Duties

  • Quality check NAVs and ensure all deliverables are sent to clients/partners
  • Manage accountant's work flow to ensure deadlines are met
  • Act as subject matter expert to junior staff and partners
  • Develop fund accountant's knowledge
  • Work through new scenarios independently
  • Provide timely feedback to management on staff performance
  • Escalate any errors or risks identified throughout the day
  • Lead the resolution of complex situations, where expertise is required to interpret policies, guidelines and/or processes.
  • Maintain analytical and procedural competence
  • Represent the team on cross-function process or project deliverable.

    Minimum three years global fund accounting required.
    Degree in Accounting, Finance, or Economics preferred.
    Experience with global domiciled funds (UCITS) a plus.
    ~CB


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