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.
Role
Accounts Payable - Cash Management CoE provides payments services to REIF and PE clients.
Evaluates and reconciles Client’s documents and process and review payments in various banks on behalf of clients.
Core competencies and skills required
· Strong Understanding of day to day operational activities of payments.
· Demonstrate through examples /evidence strong operations knowledge including secondary review & controls, risks & mitigation
· Excellent spoken and written English, and the ability to write business correspondence.
· Ability to independently address technical & non-technical issues, conduct knowledge share / training sessions, proactively troubleshoot and manage escalations, and work with global teams
· Good analytical, numerical and reasoning skills.
· Ability to handle multiple tasks under extremely time sensitive conditions.
· Be technically competent to act as first point of reference for day-to-day queries while performing review/reports/preparation daily and accurately.
Major duties and key responsibilities
· Responsible for ensuring timely and accurate reviews of transactions within established guidelines.
· Performing quality assurance checks on information received from clients.
· Working closely with home locations to resolve queries
· To create, maintain and update procedure documents and client specifications
· Comply with all controls and procedures outlined in the procedures manual and general company policies
· Reviewing and signing off on Monthly reports/daily TLM reconciliation prepared by team members/Reviews on certain reports like weekly cash report/Monthly balance update.
· Working closely with the Team Leader and Section Manager on new transitions from home locations
· Ensure all scheduled work is completed by agreed deadlines.
· Identify efficiencies and areas of improvement to reduce risk and put controls to make the process more efficient and robust.
· Ensuring that technology available is being fully utilized in the most efficient manner
· To ensure full and proper reporting to the manager of any operational issues
· Where delays are expected, flag any service delivery issues as early as possible
· Ongoing review of daily controls and communications of any new idea(s) or suggested procedural changes
· To assist with training and coaching new team members as the group grows
· Lead/participate in implementing new technology and efficiency initiatives/projects as needed.
Education and Qualifications:
· University degree/Masters in Commerce/Finance.
· 4-6 years of experience on Payments/Relevant experience in Finance Domain
PHYSICAL DEMANDS AND WORK ENVIRONMENT:
Must be able to interact and communicate with co-workers in a clear, thorough and concise manner. Work environment and physical demands are those normally associated with work either at office or any other location including home, including frequent use of the computer and telephone. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential job functions unless those accommodations would impose an undue hardship or constitute a direct threat.
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
- University degree or master's degree in Commerce or Finance
- 4-6 years of experience in payments or a relevant finance domain
- Strong understanding of payment operations, secondary review, controls, risks, and mitigation
- Excellent spoken and written English, including business correspondence
- Good analytical, numerical, and reasoning skills
- Ability to manage multiple tasks under time-sensitive conditions
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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