Senior Consultant, Fund Accounting
The Fund Administration Consultant reviews and analyzes mutual fund accounting operational procedures, processes and problems and proposes systems changes to increase productivity and efficiency and decrease risk. Leads and interacts with staff in both Technology and Operations to formulate solutions to business problems, create new products, and reengineer existing processes to ensure client needs are met and root causes of errors are eliminated. Serves as the first point of technical contact for the accounting system and related tools and applications. Gathers and creates business requirements for proposed changes, creates detailed test plans and scripts, performs comprehensive testing of proposed changes, and prepares the business groups for the installation of system changes.
1.Reviews documents, existing procedures, and processes and recommends where automation or improved processes can be implemented.
2.Designs and develops new procedures when appropriate.
3.Assesses and analyzes impact of proposed changes on workflow and on staff. Designs and develops documentation to support changes and provides training where necessary.
4.Investigates and identifies root causes of system and application errors. Re-engineers processes to ensure that client needs are met and efficient processes are in place.
5.Meets with business representatives and technology partners to gather requirements for proposed changes, writes details business requirements for changes, develops detailed test plans, performs comprehensive testing on changes, and prepares the business groups for the installation of changes.
6.Provides systems support to the business groups for the accounting system and related tools and applications.
Knowledge / Skills
An in-depth knowledge of mutual fund accounting operations, usually acquired through experience in related areas, is necessary in order to recommend process improvements and effectively assess their impact on the business groups.
Knowledge of mutual fund accounting systems, usually acquired through formal training or experience, is required to assess automation possibilities.
Advanced analytical skills are required to evaluate effectiveness of processes, to effectively assess detailed test results, and to troubleshoot problems with existing processes.
Communication skills are required to work effectively with Technology and Operations partners to gather and document requirements for changes and to successfully communicate those changes to business users.
Organizational skills are required to successfully navigate projects through the entire software development life cycle.
Knowledge and experience in Agile Project Management are a plus.
Knowledge and experience with Robotics Process Automation are a plus.
Five or more years of experience in the mutual fund industry. Experience in mutual fund accounting operations and experience with mutual fund accounting systems, particularly SunGard products, is ideal.
For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,100 employees globally. We serve the world's most-sophisticated clients from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.
We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.
As of June 30, 2018, Northern Trust Corporation had:
$135 billion in banking assets
$8.1 trillion in assets under custody
$10.7 trillion in assets under custody / administration
$1.1 trillion in assets under management