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Hedge Fund Accountant Salary in Illinois, USA

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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. Major Duties : 1. Ensures proper completion of subscription forms, with reference to requisite qualification requirements and monitoring the number of US and benefit plan investors. 2. Reports capital activity to the fund manager in a prompt and efficient manner. 3. Issues trade confirmation, statements and reports to investors and dealing with investor queries. 4. Completes all appropriate AML, KYC and client verification checks. 5. Issues and maintains a record of share registers, if applicable. 6. Instructs redemption payments and maintains client subscription bank accounts. 7. Identifies and manages investor problems/issues and participate in their resolution. 8. Assists in the underlying investor audits. 9. Operates independently; has in-depth knowledge of business unit / function. 10. As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level. 11. Carries out activities that are large in scope, cross-functional and technically difficult. 12. Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities. 13. Strategic in developing, implementing and administering programs within functional areas. Knowledge : Excellent oral and written communication skills are required In-depth Functional / Industry Knowledge is required Highly flexible and adaptable to change Technical skills / systems knowledge is required Experience : A College or University degree and/or relevant proven work experience is preferred. Related Industry qualification (e.g. ACCA) is preferred 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. #MadeForGreaterReasonable 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 [email protected] .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.
Team Lead, Senior Consultant, Investor Services, Hedge Fund Services
Northern Trust, Chicago
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. Major Duties :1. Organizes the work of the team, assigns tasks, sets short-term priorities, monitors all activities and ensures timely and accurate completion of the work.2. Ensures accurate and timely processing of all capital activity transactions including subscriptions, redemptions, transfers and name changes.3. Ensures proper completion of subscription forms, with reference to requisite qualification requirements and monitoring the number of US and benefit plan investors.4. Reports capital activity to the fund manager in a prompt and efficient manner.5. Issues trade confirmation, statements and reports to investors and dealing with investor queries.6. Completes all appropriate AML, KYC and client verification checks.7. Issues and maintains a record of share registers, if applicable.8. Instructs redemption payments and maintains client subscription bank accounts.9. Identifies and manages investor problems/issues and participate in their resolution.10. Assists in the underlying investor audits.11. Operates independently; has in-depth knowledge of business unit / function.12. As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level.13. Carries out activities that are large in scope, cross-functional and technically difficult.14. Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities.15. Conducts performance management and career development processes, and staffing and disciplinary actions. Knowledge :Excellent oral and written communication skills are requiredIn-depth Functional / Industry Knowledge is requiredHighly flexible and adaptable to changeTechnical skills / systems knowledge (e.g. Peoplesoft) is requiredLeadership and organizational skills are needed to prioritize assignments and provide feedback to staff. Experience :A College or University degree and/or relevant proven work experience is preferred. Related Industry qualification (e.g. ACCA) is preferred. 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. #MadeForGreaterReasonable 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 [email protected] .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, Fund Administrator Hedge Fund Services
Northern Trust, Chicago
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. Major Duties : 1. Review of monthly fund and business entity closing summaries. 2. Report and analyze financial data to be disseminated to our clients and their investors. 3. Close monthly books and records of the funds to general final performance figures. 4. Interact with clients and other Hedge Fund Services teams to obtain understanding of funds¿ activities. 5. Prepare financial statements for funds. 6. Work directly with external auditors to ensure accuracy of each fund¿s annual financial statements. 7. Assist in building a high-performance team through learning, development, mentoring and recruiting. 8. Operates independently; has in-depth knowledge of business unit / function. 9. As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level. 10. Carries out activities that are large in scope, cross-functional and technically difficult. 11. Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities. 12. Strategic in developing, implementing and administering programs within functional areas. Knowledge : Highly flexible and adaptable to change In-depth Functional / Industry Knowledge is required Excellent oral and written communication skills are required Technical skills / systems knowledge (e.g. Peoplesoft) is required Experience : Related Industry qualification (e.g. ACCA) is preferred A College or University degree and/or relevant proven work experience is preferred. 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. #MadeForGreaterReasonable 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 [email protected] .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 Analyst, Financial Control - Hedge Fund Services
Northern Trust, Chicago
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.Summary:This job involves working for Northern Trust Hedge Fund Services, a Global fund administrator, specializing in administering assets of complex hedge funds. The successful candidate will be an ambitious self-starter who has demonstrated the ability to function as an effective and strategic team member in a dynamic, fast-paced and demanding environment. This individual will have a strong technical accounting education, experience working/interning within the Financial Services industry and a proven track record.Key Duties and Responsibilities:• Prepare and/or review month end net asset valuation packages• Prepare and/or review year-end Financial Statements and work directly with external auditors and client to ensure accuracy of each fund's annual reports• Interact with clients and other shared services teams to obtain understanding of funds' activities on a month to month basis• Work integrally with international partners to troubleshoot queries and provide feedback related to the compilation of the month end net asset valuation packages• Assist with development efforts to streamline and automate the reporting/analytical process with the use of technologyKnowledge / Skills:• 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• Proficient in Microsoft Excel and other MS Office applications• Excellent written and oral communication skillsExperience:• CPA eligibility upon graduation preferred• Bachelor's degree with emphasis in Accounting, Master degree a plus• 3.0 GPA or higher• Experience with Hedge Funds, Investment Management and/or Financial Services strongly preferred 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. #MadeForGreaterReasonable 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 [email protected] .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.