Skill: reports , accounting , issue , dealing , mis , office tools , reconciliation , excel , finance; Exp: 6-9 years; Team Leader New India, Karnataka, Bangalore Accounting Portfolio / Fund 71889 Requisition # 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 worlds 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 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 HEDGE FUND SERVICES- TEAM LEADER, CORP ACTIONS & DIVIDENDS Founded in Chicago in 1889, Northern Trust is one of the worlds 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. The Position involves people management and other administrative tasks. Responsibilities include understanding of various Corp actions events and exposure to Income. MAJOR DUTIES People management Conducting regular one to one meetings to provide timely feedback to all the Direct Reports. Conducting performance appraisals. Team motivation and engagement. Should be responsible for work allocation to the team members. Ensuring the team members are able to meet their professional as well as personal growth. Ensuring all team member concerns are addressed on a timely manner. Appropriate planning of time-offs for the team. Should be able to generate efficiencies within the team and effective utilization of resources. Coordinating with the onshore team on Migrations. Process Management Understanding of various Corporate Action processes includes both all types of Mandatory and Voluntary Corporate Actions. Understanding of processing for various Corporate Action events. Should have knowledge of break resolution related to any Corporate Action Breaks & income/ dividends related breaks. Should have sound knowledge of using various third party instruments like Bloomberg, Reuters, IDC etc. Reconciliation to ensure all the activities processed are correct and break resolution as necessary. Analyze and identify discrepancies between clients position and clearing agents with good troubleshooting skills. Taking ownership for all the deliverables being sent out by the team with proper review checks. Ensuring back-ups are in place for a smoother process flow in case of absences in the team. Liaison effectively with team members, internal groups and external counterparties to resolve discrepancies in a timely and efficient manner. Involved in testing of new services/ systems enhancements & working with technology team in regression testing. Should be able to handle critical queries/issues and escalate on a timely manner. Ensuring deliverables are adhered to as per agreed SLAs. Ensuring the processes are in adherence with SOPs and the same are updated as required. Should be capable of adding and reviewing various control checks. Understand and minimize risks associated with cash and position mismatches related to Corporate Actions. Issue escalation and resolution on a timely manner. Respond quickly and accurately to queries in a high volume, time sensitive trading environment. Prioritize time accordingly to action on breaks. Developing action plans for resolution of outstanding issues. Ability to work on ad-hoc activities. Should have the ability to maintain various MIS reports. 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 Section Manager / Operations Manger SKILLS Approachable and able to promote teamwork through creative solutions Good analytical, numerical and reasoning skills Time management and delegation skills Deep understanding of process and process improvement Excellent/advanced knowledge of Excel with VBA experience being a plus; should be familiar with MS Word & Office tools. Excellent English, grammar, written and oral communication skills Adaptive, flexible style with the ability to work in a dynamic, fast-paced environment Strong problem solving skills, detail and results oriented Self-starter with the ability to lead and motivate the team in a fast-paced, dynamic and demanding environment. Leadership and organizational skills are needed to prioritize assignments and provide feedback to staff. QUALIFICATIONS A minimum of 6 years of experience in Financial Services environment, preferably in related activities. Experience with Hedge Funds, Investment Management and/or Financial Services strongly preferred. Bachelors degree with emphasis in Accounting, Finance or a quantitative discipline. Masters degree would be an advantage. Business exposure to various Financial Instrument and Corporate actions and income side would be an added advantage. 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 office work, 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. Shift Timing – 930 PM to 630 PM IST (subjected to change for the daylight savings) Northern Trust does not authorize external parties to conduct recruiting events or extend offers of employment on its behalf. It is also not our policy to charge or collect fees of any kind from educational institutions or from candidates for participation in a recruitment event, recruitment process, or to receive offers of employment. Any person or organization dealing with unauthorized parties, is doing so at their own risk. Northern Trust is not responsible for any losses (monetary or otherwise) that are incurred as a consequence. Northern Trust will also not have any obligation to provide employment to anyone who has been issued a fraudulent offer letter, or to offer any other recourse whatsoever. In order to verify the authenticity of any Northern Trust recruitment event, recruitment process or offer letter you can write to us at firstname.lastname@example.org.
Cost Accounting/ ICWA
Degree: ME/ M.Tech./ MS (Engg/ Sciences)
Function: Accounting / Tax / Company Secretary / Audit