Divisional Manager, Fund Accounting

About Northern Trust:

Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

As a Northern Trust employee (Partner), you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve.

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you would benefit from adjustments for any part of the employment process, please inform the recruiter to discuss your individual requirements.

We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018.

Role Overview

An exciting opportunity has arisen for a Divisional Manager within Fund Accounting. This permanent role will be an integral part of the Luxembourg Fund Administration Senior Management team. Reporting directly to the Head of Fund Administration Aurora, this is an excellent opportunity to progress in your career.

The teams you will be responsible for will comprise of approximately 30-40 partners including Fund Accountants, Team Leaders, Consultants, and Section Managers. The successful candidate will consult with clients and partners ensuring delivery of a first class service and they will help to identify and develop process improvements, strategic system enhancements and optimise effectiveness within the group and across the department.

We believe our most valuable asset is our engaged, empowered & diverse workforce. As a global institution, Northern Trust is committed to building upon this diverse talent through encouraging innovative thinking and personal courage in an inclusive environment. Northern Trust’s commitment to diversity & inclusion is evident in our internal initiatives for which we have won several globally recognised awards.

Why choose a career in Fund Accounting with Northern Trust?

• Northern Trust has demonstrated a continued commitment to investing in Luxembourg; our Fund Accounting team has grown exponentially and we now have over 120+partners in our Leudelange office.
• Our Fund Administration team provides an end to end Fund Accounting services onsite in Luxembourg which also includes Pricing oversight, Transaction processing including corporate actions and expense management. This complements our other client services provided, such as Financial & Regulatory Reporting. Depository, Corporate Secretarial and Transfer Agency Services.
• We invest heavily in our people and offer a customized, individually dedicated training program to ensure our people can realise their full potential and avail of the diverse range of career opportunities within Fund Administration and Northern Trust Luxembourg
• To complement the company culture, we support our employees' efforts to balance work and home life, in part by offering family-friendly programs and the potential for alternative/flexible work situations
• Our modern compensation package is highly competitive and moreover, intuitive to your stage of life and career

Principal Responsibilities

• Leads an accounting operations unit or function within the fund administration business
• Manages the workforce forward planning and staffing needs for the unit
• Conducts the performance management process, identifies training and development needs, and establishes performance standards for the unit
• Participates in developing the business unit strategic plan and sets goals and priorities based on the direction set for the unit. Follows through to ensure objectives are met
• Support & drive local and strategic Fund Accounting change programs. Contributes to the development of the department’s budget and manages the expenses for own division
• Provides leadership and guidance to staff, fostering an environment which encourages employee participation, teamwork, and communication
• Guides partners ensuring department objectives are met
• Analyses records of client accounting reports identifying potential gaps in control procedures, duplication of operations, or lack of compliance with established bank policies and industry regulations
• Monitors the production of fund accounting deliverables, audits and progress of plans in the division
• Cultivates and maintains working relationships with relationship managers to ensure client account activities are meeting client needs
• Participates in client meetings to explain the banks products or services. Consults on effective ways to meet client needs or appropriate methods to be used for the resolution of errors
• Guides subordinates in the resolution of non-routine client reporting/accounting issues
• Responsible and accountable for timeliness and quality of NAV deliverables within own division

Skills / Experience

• Several years’ experience in a managerial role at a senior level
• Financial services or accounting experience preferred
• Proven track record of motivating and developing teams
• Good client relationship experience
• Strong risk ethos
• Drive the continuous development and enhancement of work flows and procedures to reflect the changing control environment
• Participate in the strategic planning for the department, delivering against goals aligned to industry & client developments
• Ability to interact effectively with the most senior leaders in the business

Working with Us:

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 ethical companies. In return, we will support you with your personal and career goals in a number of ways:

Financial – Life Assurance, Disability Plan, Pension/ Gratuity, Annual Pay Review

Work Life Balance – Flexible Work Options, Incremental Annual Leave, Community Volunteer Days

Health & Wellbeing – Private Medical Insurance (REMOVE FOR LUX POSTINGS), Active Sports & Social clubs (lunchtime and after-work groups), Employee Assistance Program

Professional Development – Clear Career Path, Education Assistance, Recognition Programme, NT University (wide range of online, virtual & in-house training options) and employee-led Business Resource Councils dedicated to diversity and inclusion initiatives.

And Finally

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.

For further information, and to apply, please visit our website via the “Apply” button below.