Consultant, Treasury & Budgeting (Finance)
About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Under general supervision but working independently most of the time, the Consultant is responsible for processing and managing transactions for the Treasury & Budgeting group (T&B). This role ensures accuracy, timeliness, and efficiency in fund expense administration and performance reporting while identifying opportunities for process improvements.
Expense Administration
• Prepare, review, and deliver scheduled monthly, quarterly, and annual fund expense reports.
• Update, prepare, and adjust fee-based expense accruals within the Fund Accounting system.
• Track, allocate, and post expenses accurately in fund accounting records.
• Set up and process expense transactions in Web Cash Movement (WCM).
• Compile expense reports for Semi-Annual, Annual, and Prospectus reporting.
• Continuously assess and enhance controls and procedures to improve accuracy and efficiency.
Performance Reporting
• Prepare, review, and distribute scheduled monthly, quarterly, and annual fund performance reports.
• Respond to ad hoc fund performance data requests from clients and internal departments.
• Prepare, review, and submit monthly SEC Yield reports.
• Maintain the Confluence Performance System to ensure accurate and timely NAV dissemination.
• Validate fund performance data for Annual and Semi-Annual Reports, Prospectuses, and Statements of
Additional Information (SAIs).
• Support onboarding initiatives by ensuring seamless integration of new funds and processes.
General Responsibilities
• Ensure team and departmental goals for accuracy and timeliness are consistently met.
• Escalate critical issues to management and relevant stakeholders promptly.
• Maintain and review roles, responsibilities, and deadlines for assigned relationships.
• Adhere to core operational procedures, checklists, and client-specific processes.
• Execute complex tasks with significant financial, client, and business impact.
• May interact with committees and senior management on key initiatives.
• Serve as a subject matter expert and mentor for junior team members.
• May oversee day-to-day work of junior employees, providing guidance as needed.
• Possess deep technical expertise in the field and broad knowledge of related areas.
Qualifications
• Bachelor's degree in Accounting, Finance, or related field (or equivalent work experience).
• Minimum 5 years of experience in accounting, with at least 5 years in fund or investment accounting.
• Advanced proficiency in Microsoft Word, Excel, and PowerPoint.
• Strong analytical, problem-solving, and organizational skills.
• Ability to work independently while managing multiple priorities effectively.
Salary Range:
$66,700 - 113,300 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
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 sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .
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.
