Sr. Financial Analyst - BU Financial Analysis (Wealth Management) at Northern Trust

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Wealth Management, Financial ServicesIndustries

Requirements

Bachelor’s degree in Finance, Accounting, Economics, or a related field
CPA or other relevant certifications preferred
7+ years in a financial analyst or similar role with proven experience in accounting, reporting and financial analysis
Financial services industry knowledge strongly preferred
Advanced Microsoft Excel skills required
Proficiency with BI tools (e.g., Power BI) and financial applications (e.g., COGNOS, Hyperion, TM1) strongly preferred
Strong analytical and problem-solving skills with exceptional attention to detail
Excellent verbal and written communication skills, including management reporting and presentation experience
Highly adaptable to change with exceptional organization and time management skills

Responsibilities

Perform regular reviews of general ledger entries to verify accuracy, completeness, and compliance with accounting standards
Investigate discrepancies or posting errors, and coordinate timely corrections to maintain accurate financial records
Conduct monthly and quarterly reconciliations of key accounts to ensure consistency between the general ledger and supporting documentation
Oversee the calculation and tracking of accruals for expenses, revenues and other obligations, ensuring they are recorded accurately and timely in the general ledger
Identify areas for improvement in the accrual process and implement best practices to reduce errors and streamline workflows
Develop and deliver clear, comprehensive reports on headcount levels, turnover trends, hiring activity and workforce productivity to provide insights into staffing levels required to meet business objectives
Forecast headcount and headcount-related costs to ensure accurate expense planning for the business unit
Regularly compare actual headcount data against forecasts, identifying and explaining variances
Ownership of key reporting deliverables for monthly and quarterly cycles including 10-Q, 10-K and earnings release language review
Identify and implement process improvements to enhance efficiency and accuracy of financial reporting and analysis
Act as a point of contact during audits by providing necessary documentation and addressing audit inquiries promptly
Implement and maintain robust financial controls to ensure compliance with internal policies, accounting standards, and regulatory requirements
Act as a main liaison between WM Finance team and Accounting Policy, Tax and Controllers teams
Analyze expenditures, revenues, research variances, study trends, compile financial data and provide accurate reporting and forecasting
Act as a liaison with Accounting Policy, Tax, Controllers and other BU finance teams as needed
Provide strategic decision support to business unit executives
Participate in monthly/quarterly reporting, annual planning process, monthly/quarterly forecast process and various ad hoc requests