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Fund Accounting Team Lead

Northern Trust
Boston, USA
Closing date
Jun 13, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
We're excited and proud to expand our footprint into the Boston metro area to support our business growth. Our dynamic leadership team brings strategic vision and hands on collaboration for new joiners, giving them the opportunity to partner directly and build strong long term relationships. The opportunity and exposure in Boston is thriving and we can't wait to connect with you!

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.""

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service."""

Working Model: 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.

Global Fund Services:
Global Fund Services (GFS) is a full-service provider of fund solutions to investment manager and fund company clients around the world. North America GFS Operations provides Fund Accounting and Administration, Custody Servicing, Investment Outsourcing Operations, Transfer Agency, and Investor Servicing. Our expert team of 900 partners across North America are solutions-oriented, innovative, and passionate about servicing clients and helping them execute their business strategies. We commit ourselves to ensuring our partners reach their full potential.

Key Responsibilities:

Fund Accounting is a division of Northern Trust's Global Fund Service Fund Administration group. Fund Accounting delivers valuation, accounting and administration services to Northern Trust's Global Fund Services clients. The team lead will be responsible for supervising and supporting a team of Accountants within the Third Party Unregistered Fund Accounting team, assisting with workflow distribution, and organize the team's priorities in order to maximize the effectiveness of the team. The team lead will work with his/her team to assigns tasks, sets short-term priorities, monitor client deliverables and ensure timely and accurate completion of all required work. The team lead will also work with the section manager in identifying, mitigating and foreseeing potential risks to the business operations.

Primary Duties
  • Responsible for work flow distribution and the effective use of resources within the team
  • Organize the work of the team, assign tasks, set short-term priorities, monitor all activities and ensure timely and accurate completion of the work
  • Responsible for ensuring accurate completion of NAVs with various deliverable deadlines consisting of daily, weekly, bi weekly, and monthly
  • Provide on the job technical training and coaching for all team members and brief staff regularly on issues relating to work carried out by the team and new initiatives
  • Ensure all procedures are kept up to date and are adhered to on a daily basis
  • Assist the team manager in establishing goals and objectives for the team
  • Responsible for maintaining controls or creating controls for new processes to deal with industry regulation changes
  • Generate process and system enhancement ideas and co-ordinate the introduction of these changes with supporting documented procedures
  • Conducts performance management and career development processes, and staffing and disciplinary actions
  • Interact with clients
Knowledge and Skills Required
  • Excellent oral and written communication skills
  • In-depth Client Accounting/Industry Knowledge
  • Highly flexible and adaptable to change
  • Knowledge of relevant software applications (Bloomberg, FIS Enterprise, FTID, Excel) preferred.
  • Knowledge of asset classes comprising mutual funds (bonds, equities, options, futures, and/or swaps)
  • #LI-Hybrid
  • #LI-GG1
  • A College or University degree and/or relevant work experience is required
  • Experience in Fund Accounting is required
  • Supervisory experience is desirable
  • Excellent oral and written communication skills are required.
  • The role will require the ability to deal confidently and articulately with internal and external counterparties
  • Analytical and problem solving skills are required
  • Leadership and organizational skills are needed to prioritize assignments and provide feedback to staff
  • Ability to set priorities and manage deadlines, escalating issues where necessary
  • Good team player, self-starter, flexible, with the ability to work under pressure with minimal supervision
Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve!"Join a workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of America's best banks and most sustainable companies! Build your career with us and"apply today. #MadeForGreater"

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at .

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

Additional Information

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