Consultant, Fund Accounting at Northern Trust

Luxembourg

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Asset ManagementIndustries

Requirements

Proven understanding of multi-region fund structures in a financial services NAV environment
Ability to work under pressure to achieve multiple daily deadlines for client deliverables, with a mature approach
Knowledge of regulatory regulations pertaining to Mutual Funds, Open-Ended Investment Companies (OEICs), and close-ended funds
Financial instrument knowledge – Traditional asset types, Derivatives, and Private Capital Market Assets
Excellent interpersonal skills for consulting with the Fund Accounting team and other internal departments, Trustees/Depositaries, Custodians, Auditors, and Fund Management Companies
Hold an accounting, business, or mathematical qualification from university
Being a Subject Matter Expert (SME) of one or multiple activities with at least 7 years of relevant core Fund Accounting (FA) experience
Fluent in English

Responsibilities

Auditor & Client liaison
Owner of all facets of the calculation review of the net asset value (NAV) on a variety of cross-jurisdiction complex fund types and products
Owner of FA internal and external deliveries (NAV, tax, reporting, etc.)
Active participation and ownership in project management led/sponsored by Section Manager
Key point of contact with direct Section Manager and Client Service Manager (SME)
Ensuring NAVs are reviewed and validated before dissemination to clients, other parties, and markets as per NT control framework standards
Ensuring reconciliation of cash and security transactions is done in an efficient and timely manner to maintain the team’s reconciliation items at a minimum level
Ensuring pricing of portfolios is validated per pricing policy
Responding to client queries in a timely and efficient manner
Monitoring recurrent reporting for onward transmission (Internal, to Trustees, Clients, Third Parties) and resolving any queries posed within specific timeframes in a prompt and professional manner
Performing duties in accordance with current procedures and challenging and enhancing the current procedures
Reviewing, enhancing, and redesigning procedures as the operational model changes
Consulting with FA management to drive change and improvement
Liaising with internal departments, Trustees/Depositaries, Custodians, Auditors, and key clients, and attending meetings when required
Communicating effectively both orally and in written form with internal departments and external bodies, and monitoring the same with all team members
Working actively and closely with Manager(s) on various processes/projects, such as being assigned to take the lead and/or assist in implementing new processes
Training fund accountants and supervisors on all aspects of NAV process and any type of reporting