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For Companies At a Glance
- Tasks: Oversee daily NAVs for various fund types and manage client queries.
- Company: Join Northern Trust, a Fortune 500 financial institution with over 130 years of experience.
- Benefits: Enjoy a flexible work culture, career growth opportunities, and a commitment to community service.
- Why this job: Be part of a collaborative team that values innovation and supports your professional development.
- Qualifications: 5 years in Fund Accounting, strong numerical skills, and knowledge of FCA regulations required.
- Other info: Northern Trust promotes inclusivity and offers reasonable accommodations for individuals with disabilities.
The predicted salary is between 43200 - 72000 £ per year.
Job Description
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.
Role
This role is within Northern Trust's growing UK Fund Accounting team. This team looks after more than 10% of all UK Authorised Funds for numerous Fund Management clients. Within the Department the Funds are split by Client. This role is for oversight of our offshore locations, and service the clients' needs relating to the NAV process. The successful applicant will have exposure to a range of products.
Principal Responsibilities
- To have oversight on daily NAVs for multiple Fund types including Unit Trusts, OEICs, DC/DB schemes, ACS and Private Equity.
- Review and approve daily valuations, prepared by our offshore location, on an exception basis
- Validating high impacting NAV exceptions already approved by Consultant
- To assist offshore location with SME knowledge, daily valuations and query resolution (client, internal)
- To review cash, stock, FX, derivative position reconciliations against custody/third parties with appropriate escalation to resolution
- Oversee monthly deliverables produced by offshore. To include but not limited to: equity and bond yields, OCFs, motive and circumstance, Management fee invoice calculations, capital/income apportionments, performance fees
- To manage query resolution with the client, internally and with trustees/depositaries
- Deliver a quality service to our clients aligned to set KPI's
- Work alongside the Client Service team to review MI, attend Monthly Service reviews and delivery to client
- Assisting NAV Oversight Manager with ownership of client, including material issues and management of core KPI's
- Risk management of processes, frequent mitigation review
- Covering NAV Oversight Manager in their role and responsibilities
- Lead in client due diligence and compliance meetings
- Manage projects for client change
- Incident writing in advance of Manager signoff
- Take a lead role within in the team, supporting other team members on technical issues and resolution of queries.
- Chair daily meetings with other partners to discuss deliverables.
Skills / Experience
- Experience in Fund Accounting role (5 years), production experience an advantage
- Management skills to work within a global team.
- Ability to work under pressure to achieve the multiple daily deadlines for client deliverables.
- Numerical and computer literacy (including spreadsheet skills) – (i.e. Excel, Outlook, TLM and Invest One)
- Knowledge of the FCA regulations pertaining to Unit Trusts, Mutual Funds, OEICs and all the above mentioned fund types i.e. COLL.
- The job holder must possess good interpersonal skills for liaising with other members of their team, other Internal Departments, Trustees/Depositaries, Custodians, Auditors, offshore locations and the Fund Management Companies to which we provide a service.
- Complies with the companies policy on educational standards.
- Completed modules in the IOC (or Industry standard equivalent).
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 the world's most admired and 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 MyHRHelp@ntrs.com .
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.
Senior Consultant, NAV Oversight - Northern Trust employer: Northern Trust
Contact Detail:
Northern Trust Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Consultant, NAV Oversight - Northern Trust
✨Tip Number 1
Familiarise yourself with the specific fund types mentioned in the job description, such as Unit Trusts and OEICs. Understanding these products will not only help you during interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with current or former employees of Northern Trust, especially those in the Fund Accounting team. They can provide valuable insights into the company culture and expectations, which can be beneficial for your application.
✨Tip Number 3
Brush up on your knowledge of FCA regulations related to the fund types listed. Being well-versed in compliance matters will set you apart as a candidate who understands the regulatory landscape.
✨Tip Number 4
Prepare to discuss your experience in managing client relationships and resolving queries. Highlighting your interpersonal skills and ability to work under pressure will resonate well with the responsibilities outlined in the job description.
We think you need these skills to ace Senior Consultant, NAV Oversight - Northern Trust
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Fund Accounting, particularly any roles that involved oversight of NAV processes. Use specific examples to demonstrate your skills and achievements.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role at Northern Trust. Mention how your values align with their principles of service, expertise, and integrity.
Highlight Relevant Skills: In your application, emphasise your numerical and computer literacy, especially with tools like Excel and any experience with FCA regulations. This will show you have the technical skills needed for the role.
Showcase Interpersonal Skills: Since the role involves liaising with various stakeholders, include examples of how you've successfully communicated and collaborated with teams, clients, and external partners in your previous positions.
How to prepare for a job interview at Northern Trust
✨Understand the NAV Process
Make sure you have a solid grasp of the NAV (Net Asset Value) process, as this role heavily revolves around it. Be prepared to discuss your experience with different fund types and how you've managed NAV calculations in previous roles.
✨Showcase Your Management Skills
Since this position involves oversight and collaboration with offshore teams, highlight your management skills. Share examples of how you've successfully led teams or projects, especially under pressure, to meet tight deadlines.
✨Familiarise Yourself with FCA Regulations
Brush up on FCA regulations related to Unit Trusts, Mutual Funds, and OEICs. Being able to discuss these regulations confidently will demonstrate your expertise and understanding of the compliance landscape in fund accounting.
✨Prepare for Technical Questions
Expect technical questions related to fund accounting and valuation processes. Review key concepts and be ready to solve hypothetical scenarios that may arise in the role, showcasing your problem-solving abilities.
