FUND OVERSIGHT SPECIALIST, UK FUND ACCOUNTING

Location
London, England, United Kingdom
Salary
Competitive
Posted
14 Oct 2018
Closes
18 Oct 2018
Ref
4556566
Contract type
Permanent
Hours
Full time
The 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. The role is to work within a centralised Financial Reporting oversight team as a Senior Consultant / Team Leader. The successful applicant will be responsible for the oversight and sign off of all client's Report & Accounts and distributions whereby the production of these functions is located in another jurisdiction; and for running the external audit cycles.

The key responsibilities of the role include:

• To oversee, review & sign off the timely production of UT, OEIC, ACS and CIF interim and final report and accounts. This will include sign-off of distribution rates and proofing of SORP accounts to the required standard.
• Communicate professionally & effectively with other NT Departments, Trustees/Depositaries, Custodians, Auditors, and Clients (the Fund Management Companies to which we provide a service), ensuring that they are more than satisfied at all times.
• Manage the relationship with the external audit firms throughout the cycle.
• Manage the relationship with the clients throughout the audit cycles, and lead on developing changes to reporting standards.
• To deliver a quality service to our clients and take the necessary corrective and preventative actions to ensure all KPI deadlines and quality standards are met.
• Support the development of the production jurisdiction and actively provide feedback on performance to local managers.
• Continually assess the oversight team's processes to improve efficiency, reduce risk or cost, as well as assisting in the enhancement of revised departmental procedures for use as a training tool.

The successful candidate will benefit from having:

• The applicant should currently hold a senior analyst or senior accountant position, or previously held that position within another financial services environment.
• As an absolute minimum the job holder should have passed the required FCA Training & Competence exams (or have been "Grandfathered"); however, additional qualifications are expected such as ACCA.
• Excellent interpersonal skills for liaising with other members within their team, other internal department, Trustees/Depositaries, Custodians, Auditors and the Fund Management Companies to which we provide a service.
• Able to work under pressure to achieve the timetabled deadlines for delivery to our client's deliverables, with a mature approach.
• A good knowledge of the FCA regulations pertaining to Unit Trusts and OEICs i.e. COLL, and the most recent IA SORP.

About Northern Trust

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 16,500 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.

Northern Trust proudly cultivates a diverse workforce, to serve our diverse client base. We strongly believe that diversity of experience contributes to a broader collective perspective that will consistently lead to a better company. We encourage applications from the best regardless of ethnicity, gender, gender identity, age, nationality, disability, sexual orientation, education, socio-economic background, parental and caring status, or religion.

As of March 31, 2018, Northern Trust Corporation had:

• $10.8 trillion in assets under custody/administration
• $8.1 trillion in assets under custody
• $1.2 trillion in assets under management
• $130 billion in banking assets

Similar jobs

More searches like this

Similar jobs