Technical Coordinator, UK Financial Reporting
Northern Trust Corporation
Manila, National Capital Region,Philippines
7h ago

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 18,500 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.

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

$10.1 trillion in assets under custody / administration

$7.6 trillion in assets under custody

$1.1 trillion in assets under management

$132 billion in banking assets

ROLE OVERVIEW

The job holder is responsible for the preparation and review of financial statements, schedule of investments, significant acquisitions and disposals and explanatory notes on the same (including preparation and review of tax reporting data due to tax agents), for mutual funds, hedge funds and / or fund of hedge fund clients.

Financial statements are prepared on a cyclical basis (for example; quarterly, semi-annual or annually) depending on the team in accordance with regulatory guidelines in the home country (for example : Australia, UK, Ireland, Luxembourg, Switzerland and U.

S). The preparation is based on a set processes and procedures and the job holder will be required to adhere to these processes in completing day to day tasks.

Once financial statement is prepared, the jobholder will be responsible for reviewing the work of more junior team members including, analysis and research for any discrepancies before the statement is issued to the home country for review.

The Technical Coordinator will then oversee and review any required corrective work as identified and communicated by the home country before closure.

Due to the cyclical nature of the activities, it is anticipated that there will be peak periods of work and the job holder may be required to undertake additional working hours to ensure tasks are completed to the appropriate deadlines.

The job holder is also expected to train and act as a mentor to junior members of team.

PRINCIPAL DUTIES AND RESPONSIBILITIES

  • Perform quality assurance checks on information received internally from other supporting functions. Close attention to detail required.
  • Work closely with counterparts in home locations to resolve queries
  • Create, maintain and update procedures / processes
  • Ensure compliance with all controls and procedures outlined in the procedures manual and general company policies
  • Review and sign off on reports, accounts and tax related work of other team members, providing constructive feedback.
  • Work closely with the Team Leader and Manager for on-boarding new transitions and staff, as well as various processes / projects, e.
  • g., being assigned to take the lead and / or assist to implement new processes in order to help the team be successful in its goals and KPIs

  • Ensure all scheduled work is completed by agreed deadlines, checklists are signed and files are complete
  • Identify and implement process improvements to reduce risk and develop efficiency of function
  • Ensure that technology available is being fully utilized in the most efficient manner
  • Ensure full and proper reporting and escalation of any operational issues
  • Escalate and communicate any service delivery issues (for example, late reporting) as identified
  • On-going review of daily controls and communications of suggested procedural changes
  • Assist and help more junior team members in their development through continuous coaching and training. Helping decide on training needs for the team.
  • EXPERIENCE AND QUALIFICATIONS

  • At least 4 years of financial statement preparation or financial reporting in an Audit Firm, or financial institution
  • Bachelor’s degree in Accounting or Finance
  • Certified Public Accountant (CPA) is highly desirable
  • Background in regulatory / statutory reporting will be preferred
  • Experience on transitions / consolidation of various systems and completing necessary reconciliations (preferred)
  • Experience on tax and regulatory reporting (preferred)
  • KNOWLEDGE AND SKILLS

  • Knowledge of accounting and regulatory concepts, financial instruments and products acquired through studies and related work experience
  • Excellent desktop, IT and systems skills. Experience of Sungard InvestOne fund accounting platform or Confluence / FundARC Suite financial reporting systems advantageous.
  • Knowledge of Microsoft Excel and Word essential Knowledge of US GAAP, UK GAAP, Lux GAAP, Swiss GAAP & IFRS through studies and / or work experience (preferred)

  • Knowledge of related systems : Bloomberg, Reuters (preferred)
  • Excellent interpersonal skills, as this role requires interaction at all levels of the organisation and externally, fluent English necessary.
  • 11AM-8PM M-F
  • Apply
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