Manager, Fund Acctng

About Northern Trust

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role

Manage an Operations team in Fund Administration group.

Set and monitor team goals, liaise with clients/ investment managers and other NT departments, implement continuous improvement plans, placing emphasis on accuracy and timeliness of NAV/FR delivery through a results orientated mind set.

Leadership and organizational skills are required to determine the unit goals, resources needed, and to assess and develop programs to enhance the skills of the staff.

Principal Responsibilities

General

• Monitor and ensure accuracy and timeliness of client deliverables
• Improve on past performance through process improvement and continuous training
• Participates in developing the business unit strategic plan and sets goals and priorities based on the direction set for the unit. Follows through to ensure objectives are met
• Implement consistent best practice and monitor the standards as agreed with the home country teams
• Ensures that adequate training/ cross training is provided for all employees
  
  

Core

• Manages fund accounting/ financial reporting/regulatory reporting operations unit or function
• Maintain effective communication channels at all levels
• Prepare and review all MIS as required
• Takes ownership of all reconciliation breaks / audit and trustee queries
• Hands-on manager with proven ability to guide the teams in managing complex process related issues.
  
  

Business

• Keep appraised of industry and regulatory development
• Determines staffing needs, including hiring and performance improvement decisions, handles salary administration, and ensures resources are available to accomplish priorities
• Run to fruition and own any Large Projects for your teams
  
  

Management

• Conducts the performance management process, identifies training and development needs, and establishes performance standards for the unit including business objectives
• Allocates work between the teams
• Steer the implementation of the business plan
• Provide one on ones to Section Manager
  
  

Accountabilities

• Employees are required to comply with the regulatory regime in which Northern Trust operates as appropriate to the above role
• Employees are expected to exercise due care and diligence, ensuring the areas the incumbent is responsible for are organised and controlled
• Employees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties
• Reports to Divisional Manager
• Responsible for Analysts split across various teams, and direct reports
  
  

Skills

• Good communication
• Strong accounting and reporting knowledge
• Be able to mentor through confidence and approachability
• Approachable and able to promote teamwork through creative solutions
• Good analytical, numerical and reasoning skills
• Time management and delegation skills
• Ability to develop and deliver client presentations
• MS Office, word and excel
• Market data vendors knowledge
• Deep understanding of process and process improvement
• Thorough knowledge of relevant regulatory environment
• Good understanding of capital markets and financial instruments
  
  

CORE COMPETENCIES

• Interpersonal (relationship builder, respectful, resolves problems, people friendly and organisational savvy)
• Adaptability (flexibility to work in different shifts, including late EMEA and US shifts)
• Communication (presentation skills, listening skills, oral communication skills, allows others to express themselves and written communication skills)
• Self-management (adaptability and resilience, learning behaviour, integrity and ethics and relationship builder)
• Motivation (performance standards, achieving results and persistent)
• Thinking (creative thinking, decision making, input seeking, logical thinking and solution finding)
• Organisational Knowledge (business knowledge, expert knowledge and external events impact)
• Client Service and Quality (quality, relationship building and client satisfaction)
• Administration (anticipates needs, execution, planning, process specialist, quality seeker and time management)
• Leadership (addresses difficult issues, builds effective teams focused on goals, champions new initiatives, fosters development, gives timely feedback and coaching, Idea generator and sets challenging performance standards)
• Initiative and negotiation (succeeding in passing round or over possible issues, taking a first move and acting independently, through proven long term planning)
  
  

Experience

• Candidate to have 10+ years experience in related industry (Accounting, Finance, Audit, Valuations, Capital markets, Fund Accounting, Financial Reporting, Custody). Experience in Fund Accounting / Financial Reporting/Regulatory Reporting is mandatory for external candidates
• Minimum experience of 6 years in managing teams. For internal candidates, minimum 3 years’ experience as Section Manager and should be a Second Vice President
• Graduate in Accounting / Economics. Additional qualification in accounting / finance preferred (e.g., CA/ CS/ CWA/CFA/ MBA)
  
  

Night Shift (21:30 to 6:30 AM IST)

Eligibility

3 years as a Section manager and currently at 2VP and Senior Consultant should have 6 years of People management and 2VP currently

Working With Us

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected].

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.