About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Hedge fund services- Associate consultant
Founded in Chicago in 1889, Northern Trust is one of the world’s leading financial institutions. We specialise in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.
Role
The job requires working for a Global Hedge Fund Administrator, specializing in administering assets of complex hedge funds. This individual will have a strong Technical and Accounting background, experience working within the Financial Services industry. This position involves working with Investor Accounting team.
Major Duties
- Production and Review of monthly/quarterly funds and business entity closing summaries for Fund Administrator
- Preparation and Review of investor allocation/PnL distribution to the investors
- Calculation and Review of Incentive Fee and Management Fee
- Working on Hedge funds and private equities
- Investor statements preparation and distribution
- Knowledge of financial products like, Equity, Derivative instruments, IPO, etc.
- Interact with clients and other Hedge Fund Administrator teams to obtain information
- Prepare financial highlights and shareholders statements on quarterly/annual basis.
- Acting as a subject matter expert for the team
- Helping team members in resolving their queries and issues
- Prepare training materials and conducting/taking lead in training for existing and new
team members
- Escalate issues that fall outside normal resolution timeframe
- Consistently look to streamline and automate the reporting/analytical process with the
use of technology
ACCountabilities
- Employees are required to comply with the regulatory regime in which Northern Trust operates as appropriate to the above role
- Employees are expected to exercise due care and diligence, ensuring the areas, the incumbent is responsible for, are organised and controlled
- Employees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties
- Reports to TL/ Section Manager
Skills
- Self-starter with the ability to function independently in a fast-paced, dynamic and demanding environment
- Strong knowledge of Financial products like Equity, Derivatives, TRS, REPO, etc.,
- Strong knowledge in preparation of Financial statements
- Strong problem solving skills, detailed and results oriented.
- Ability to evaluate priority and multi-task with minimal supervision
- Excellent spoken and written English and the ability to write Business correspondence
- Proficiency in MS Office (particularly Excel and Word)
- Ability to address internal and external audiences in a professional manner
- Ability to work effectively with project teams and clients
- Demonstrate high ethical standards
- Time management skills
Qualifications:
- Bachelor’s degree with emphasis in Accounting, Master degree a plus
- A minimum of 4-6 years of Accounting experience (Associate)
- Experience with Hedge Funds, Investment Management and/or Financial Services strongly preferred
- Experience of Investor accounting will be an added advantage
- Excellent English, grammar, written and oral communication skills
- Adaptive, flexible style with the ability to work in a dynamic, fast-paced environment
Working with Us
As a Northern Trust 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 committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.
About Our Pune Office
The Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe.
Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.
Skills Required
- Bachelor's degree with emphasis in Accounting
- Master's degree
- 4-6 years of accounting experience
- Experience with hedge funds, investment management, or financial services
- Experience in investor accounting
- Strong knowledge of financial products (Equity, Derivatives, TRS, REPO)
- Strong knowledge in preparation of financial statements
- Proficiency in MS Office (particularly Excel and Word)
- Excellent written and oral English communication skills
- Ability to work independently, prioritize, multi-task and solve problems
Northern Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northern Trust and has not been reviewed or approved by Northern Trust.
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Retirement Support — A 401(k) with company match alongside an employer‑funded defined‑benefit pension is highlighted in employer‑verified materials and filings, setting the retirement package apart from many private employers.
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Leave & Time Off Breadth — PTO is portrayed as solid overall, and two paid volunteer days per year are clearly documented across corporate materials.
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Parental & Family Support — Company sources and postings reference paid parental and caregiver leave and recent enhancements to parental benefits, indicating meaningful family support within the package.
Northern Trust Insights
What We Do
As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence. Since our roots as a trust bank, we’ve grown to a global presence with more than 24,000 employees in more than 20 countries and across six core business units: Wealth Management Asset Management Asset Servicing Technology Corporate Functions Enterprise Operations Join a Team That’s Achieving Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done. Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you. Delivering value and adhering to our enduring principles What are enduring principles? Since our founding, they have guided our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity . What does this mean? Service Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results. Expertise Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions. Integrity Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.
Why Work With Us
At Northern Trust, we go further because we go together. We embrace flexibility, encourage balance, and prioritize inclusion at all levels, working together to keep you connected. We are committed to our employees—all 24,000 of them. Whether this is a first step or a bold new leap in your career, we’re here to help you move forward.
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