Associate Specialist, Fund Administrator, IPS

Northern Trust
Chicago
Workplace: HybridFull timeUSD 95,600 - 162,400 annuallyFunction: Administration & Executive AssistanceEducation: bachelorsSkills: ["Communication","Analytical thinking","Problem-solving","Process improvement","Stakeholder management"]

Review hedge fund and legal entity close packages for accuracy, oversee monthly close, and analyze/report fund financial results for clients and investors. Prepare and validate fund financial statements under applicable standards, coordinate with external auditors, and serve as a subject-matter expert on hedge fund services and accounting matters. Drive operational efficiency through automation and improved workflows, support system functionality, and lead due diligence and onboarding discovery with clients and internal teams.

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FursaFursa
Northern Trust
Northern Trust
2 days ago

Associate Specialist, Fund Administrator, IPS

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Last checked: 4 hours agoStatus: Live

Job Summary

Review hedge fund and legal entity close packages for accuracy, oversee monthly close, and analyze/report fund financial results for clients and investors. Prepare and validate fund financial statements under applicable standards, coordinate with external auditors, and serve as a subject-matter expert on hedge fund services and accounting matters. Drive operational efficiency through automation and improved workflows, support system functionality, and lead due diligence and onboarding discovery with clients and internal teams.
Location: Chicago
Workplace: Hybrid
Employment Type: Full time
Job Function: Administration & Executive Assistance
Seniority: Mid level

Key Responsibilities

  • •Review monthly fund and legal entity close packages to ensure accuracy and completeness.
  • •Oversee the monthly close process and finalize fund performance and financial results.
  • •Prepare and review fund financial statements in accordance with applicable accounting standards, and coordinate with external auditors.
  • •Partner with clients and internal Hedge Fund Services teams to understand fund activities and transactions and support business operations.
  • •Drive operational efficiency by automating manual processes, enhancing controls, and improving system integrations and workflows.

Pay and Benefits

Salary: USD 95,600 - 162,400 annually
Perks:401kPensionHealth InsuranceDentalVisionPaid LeaveParental LeaveDisabilityLife Insurance

Key Requirements

  • •Bachelor’s degree in Accounting, Finance, or a related field required.
  • •Relevant experience in hedge fund accounting, fund administration, alternative investments, or financial services required.
  • •Professional accounting designation such as CPA, CA, ACCA, or equivalent preferred.
  • •Experience working with external auditors and preparing financial statements for complex accounting matters preferred.
  • •Experience supporting system implementations, process improvements, or client onboarding initiatives is highly desirable.
Experience:Hedge fund accountingFund administrationAlternative investmentsFinancial servicesInvestment operations
Education:Bachelor's
Skills:CommunicationAnalytical thinkingProblem-solvingProcess improvementStakeholder management
Certifications:CPACAACCA

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Northern Trust
Global financial services firm providing wealth management, asset servicing, asset management, and banking solutions to institutions, corporations, and affluent individuals, with a focus on custody, investment management, and technology-driven services.
Industry: Asset Management
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Chicago, United States
Founded: 1889
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