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.

Hybrid

We have a balanced hybrid working model to ensure you get the flexibility you need and the successful candidate will spend their time between working in the office and working from home.

Department:

The team is responsible for the preparation of financial statements, schedule of investments and explanatory notes on the same (including preparation and review of tax reporting data due to tax agents), for mutual funds, hedge funds and/or fund of hedge fund clients.

Financial statements are prepared on a cyclical basis (for example; quarterly, semi-annual or annually) depending on the team in accordance with regulatory guidelines in the home country (for example: UK, Ireland, Luxembourg, Switzerland and U.S). The preparation is based on a set processes and procedures and the job holder will be required to adhere to these processes in completing day to day tasks.

Once financial statement is prepared, the team will analyse and research for any discrepancies before sending to the home country for review. The team will also correct any discrepancies/issues identified and communicated by the home country before closure. The team may also deal with external auditors of clients to respond or resolve audit queries. Due to the cyclical nature of the activities, it is anticipated that there will be peak periods of work and the job holder may be required to undertake additional working hours to ensure tasks are completed to the appropriate deadlines.

Role:

Has day-to-day management responsibilities for a small team, including stakeholder management. Responsible for the assignment of work to the Financial Reporting team. Conducts performance management and career development processes. Possesses the leadership and organizational skills required to prioritize assignments and provide feedback to staff. Conducts performance management and career development processes, and staffing and disciplinary actions. Organizes the work of the team, assigns tasks, sets short-term priorities, monitors all activities and ensures timely and accurate completion of the work

The key responsibilities of the role include:

• Conducts performance management and career development processes, and staffing and disciplinary actions
• Provides input and support to budget management process
• Carries out complex activities with significant financial, client, and/or internal business impact
• May have direct interaction with clients, external auditors of clients and/or Senior Management
• Able to serve as a key subject matter expert and mentor to other more junior level employees
• Manages daily operational activities and supervises day-to-day work of junior level employees, including daily interaction with home country counterparts
• More technically sound in area of expertise and has broader knowledge of other areas
• Delivers a work product that requires less revision
• Able to facilitate discussions and reach decisions

Skills/Qualifications

The successful candidate will benefit from having:

• At least 2 years of people management experience for Team Leaders and 7 years overall experience in financial statement preparation or financial reporting in an Audit Firm, or financial institution;
• Bachelor’s degree in Accounting or Finance
• Certified Public Accountant (CPA) is highly desirable
• Background in regulatory / statutory reporting will be preferred
• Experience on transitions/consolidation of various systems and completing necessary reconciliations (preferred)
• Experience on tax and regulatory reporting (preferred)
• Knowledge of accounting and regulatory concepts, financial instruments and products acquired through studies and related work experience
• Excellent desktop, IT and systems skills. Experience of Sungard InvestOne fund accounting platform or Confluence/FundARC Suite financial reporting systems advantageous. Knowledge of Microsoft Excel and Word essential Knowledge of US GAAP, UK GAAP, Lux GAAP, Swiss GAAP & IFRS through studies and/or work experience (preferred)
• Knowledge of related systems: Bloomberg, Reuters (preferred)
• Excellent interpersonal skills, as this role requires interaction at all levels of the organisation and externally, fluent in English is necessary.

Working Hours

• 7AM to 4PM or 11AM to 8PM, depending on the specific FR team (US/UK/Ireland)

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 Manila Office

The Northern Trust Manila office celebrated a decade of excellence in 2024. Through agility, resiliency, innovation, and excellence, they have evolved into a dynamic hub with diverse capabilities and a thriving workforce of over 1,200 - driving meaningful impact and sustainable growth. Learn more.