Northern Trust Hedge Fund Services is a global fund administrator, specializing in administering assets of complex hedge funds. The Back Office Fund Accounting & Financial Control teams provide periodic deliverables to clients and investors on net asset value (NAV) calculation, financial/tax reporting, and investor statements.

The key responsibilities of the role include:

Financial Control:

• Generate estimated performance returns and close monthly books and records of the funds to general final performance figures
• Reporting and analyzing financial data to be disseminated to clients and their investors
• Interact with clients and other Hedge Fund Services teams to obtain understanding of funds activities
• Prepare financial statements for funds
• Work directly with external auditors to ensure accuracy of each funds’ annual financial statements
• Consistently look to streamline and automate the reporting/analytical process with the use of technology

Investor Accounting:

• Prepare monthly/quarterly fund investor allocations
• Review fund documents in order to interpret and execute allocation requirements
• Prepare year-end financial highlights and share capital disclosures for financial statements
• Interact with clients and other Hedge Fund Services teams to obtain understanding of funds’ activities and troubleshoot issue
• Work directly with new clients for coordination of system preparations during implementations
• Work closely with allocation vendor and internal technology resources to troubleshoot issues and scope new or desired functionality
• Consistently look to streamline and automate the reporting/analytical process with the use of technology

The successful candidate will benefit from having:

• Bachelor’s degree with emphasis in Accounting, Master’s degree a plus
• CPA eligibility upon graduation preferred
• Experience with Hedge Funds, Investment Management and/or Financial Services strongly preferred
• An aptitude for solving problems, intellectual curiosity, and interest in financial markets and products
• Detail and processed-oriented
• Energetic and open to working in a dynamic, fast-paced environment that encourages out of the box thinking
• Excellent Excel and MS Office skills
• Excellent written and verbal communication skills

We have guided the world’s most successful individuals, families and institutions since 1889. Since our roots as a trust bank, we’ve grown to a global presence with more than 22,000 employees in more than 20 countries across five core business units.