Specialist, Financial Reporting, Hedge Fund Services at Northern Trust

Chicago, Illinois, United States

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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, Hedge Funds, Asset ManagementIndustries

Requirements

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
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

Responsibilities

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

Skills

Key technologies and capabilities for this role

U.S. GAAPIFRSBroker-Dealer ReportingFinancial StatementsYear-End AuditAudit CoordinationHedge Fund Reporting

Questions & Answers

Common questions about this position

What are the main responsibilities of this Financial Reporting Specialist role?

The role involves leading the annual year-end audit process, reviewing financial statements under US GAAP and IFRS, researching accounting pronouncements, identifying process improvements, and acting as a subject matter expert on financial reporting.

What skills and experience are required for this position?

Candidates need a strong foundation in U.S. GAAP, IFRS, and Broker Dealer reporting requirements, experience reviewing quarterly and annual financial statements for hedge funds, and the ability to lead audits and research accounting pronouncements.

Is this role remote or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this position?

This information is not specified in the job description.

What kind of team will I be joining in this role?

You'll join Northern Trust Alternative Fund Services (AFS), a high-profile dedicated Client team of exceptional performing professionals servicing a global multi-strategy hedge fund with billions in assets under management.