Senior Consultant, Financial Control, Integrated Portfolio Services; IPS

Position: Senior Consultant, Financial Control, Integrated Portfolio Services (IPS)
## Senior Consultant, Financial Control, Integrated Portfolio Services (IPS)
Apply locations:
Chicago, ILtime type:
Full time posted on:
Posted Todayjob requisition :
R147321
** 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.
Job Posting Title Senior Consultant, Financial Control, Hedge Fund Services
** Job Description Summary
** Responsible for end-to-end fund administration and financial control activities supporting monthly NAV close, investor accounting, and financial reporting for a multi-billion hedge fund client. Supports daily and month-end processing across transaction systems, the Sub Ledger, investor accounting platforms, and Oracle ERP/FS, including journal entry posting, automated and manual reconciliations, and investigation/documentation of breaks through resolution with appropriate escalation. Reviews investor capital balances, profit and loss, and fee/performance allocation calculations in accordance with governing documents, and helps ensure appropriate controls and segregation of duties are maintained for system setups and manual adjustments.

Coordinates production of financial packages and periodic financial statements, supports audit and stakeholder requests, and contributes to process improvement and risk/control remediation efforts through analysis, testing, and documentation updates with a solver mindset.
** Major Duties:
** 1. Assist with monthly NAV close activities, including controlling period close in transaction systems, monitoring/clearing suspense items, and ensuring daily transaction and position postings from source systems to the Sub Ledger are complete and accurate, and that related journal entries are generated and supported.  
2. Execute month-end posting of Sub Ledger journal entry summaries to Oracle ERP and perform/oversee automated reconciliations to validate completeness and accuracy; investigate, document, and resolve identified breaks.  
3. Prepare, review, and retain support for manual accruals/adjustments when instructed, including maintaining appropriate documentation and audit trail.  
4. Produce, review, and finalize monthly financial packages (key financial statements and supporting schedules), maintaining evidence of review within the monthly close package.  
5. Perform NAV-to-General Ledger reconciliations (e.g., proprietary investor accounting system to Oracle ERP) and other automated reconciliations (e.g., Sub Ledger to Oracle ERP); research and resolve differences to closure.  
6. Monitor and assess prior-period postings/adjustments for materiality and potential restatement implications; summarize findings and coordinate resolution with relevant parties.  
7. Support periodic and annual financial statement production (quarterly, semi-annually, annually) and coordinate with auditors and stakeholders as required.  
8. Review investor capital balances and profit and loss results, including management fee and performance allocation calculations in accordance with offering and/or governing documents.  
9. Oversee the automated feed of profit and loss from the Sub Ledger into proprietary investor accounting system and validate allocation outputs to feeder funds and investors; when manual profit and loss adjustments are required, ensure system-enforced segregation of duties is followed for input and approval.  10. Oversee posting of applicable investor accounting system
-generated amounts to Oracle FS and perform reconciliations (final NAV to the Sub Ledger and…