Job Description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Founded in Chicago in 1889, Northern Trust is one of the world’s leading financial institutions. We specialise in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.

Role

The job requires working for a Global Hedge Fund Administrator, specializing in administering assets of complex hedge funds. This individual will have a strong Technical and Accounting background, experience working within the Financial Services industry. This position involves working with Investor Accounting team.

Major Duties

• Preparation of monthly fund and business entity closing summaries for Fund Administrator
• Preparation of investor allocation/PnL distribution to the investors
• Calculation of Incentive Fee and Management Fee
• Working on Hedge funds and private equities
• Investor statements preparation and distribution
• Knowledge of financial products like, Equity, Derivative instruments, IPO, etc.
• Prepare financial highlights and shareholders statements on quarterly/annual basis.
• Consistently look to streamline and automate the reporting/analytical process with the use of technology
• Process documentation and training to new hires.
• Escalate issues that fall outside normal resolution timeframe

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 TL/ Section Manager

Skills

• Self-starter with the ability to function independently in a fast-paced, dynamic and demanding environment
• Good understanding of the basic accounting principles and procedures, familiarity with the Financial markets and instruments
• Strong problem solving skills, detailed and results oriented.
• Ability to evaluate priority and multi-task with minimal supervision
• Excellent spoken and written English and the ability to write Business correspondence
• Proficiency in MS Office (particularly Excel and Word)
• Ability to address internal and external audiences in a professional manner
• Ability to work effectively with project teams and clients
• Demonstrate high ethical standards
• Time management skills

Qualifications

• Bachelor’s degree with emphasis in Accounting, Master degree a plus
• A minimum of 2-4 years of Accounting experience (Associate)
• Experience with Hedge Funds, Investment Management and/or Financial Services strongly preferred
• Experience of Investor accounting will be an added advantage
• Excellent English, grammar, written and oral communication skills
• Adaptive, flexible style with the ability to work in a dynamic, fast-paced environment

Eligibility for Internal Partner

• Should have completed 1 year as Analyst II
• Lateral application - should have completed 1 year in the current role.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees. In this stunning office space, we offer fantastic amenities which include our Arrival Hub - Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.