About this role
Northern Trust Asset Management (NTAM) is a trillion dollar investment management firm entrusted by investors around the globe to help them navigate changing market environments, so they can confidently realize their long-term objectives. The Portfolio Accounting function is primarily responsible for the daily oversight & governance of the Institutional Accounting entities. This role in partnership with practices that include Performance Measurement, Attribution, Product, and Technology will develop and execute workflow enhancements to deliver a world-class Accounting organization. It will involve both identifying, solutioning, and championing initiatives to build new capabilities such as day-over day Total Market Value recons for all products, while remaining agile in order to service competing needs of dependent product initiatives.
Primary Duties and Responsibilities: Work alongside global partners to deliver a robust, low touch, operating model for supporting Institutional Client Accounting: Lead accounting-related external and internal initiatives to drive automation to drive economies of scale. Identify trends within data or workflows resulting in insufficient outcomes. Formulate solutions, write development stories, and partner with Technology to develop strategic outcomes. Act as an escalation point onshore and offshore resources to provide guidance for complex Accounting problems. Governance over daily reconciliation for all global institutional entities, maintaining the reconciliation model and using outcomes to drive forth change while. Provide business testing and certification that all system capabilities are functional. Function is performed on an ad-hoc basis with tight deadlines, requiring partners to remain agile while servicing competing needs. Collaborate with multi-disciplinary teams to assess current state and architect future-state operating models, processes, capabilities required to succ