Specialist, Fund Administrator, Hedge Fund Services

## Specialist, Fund Administrator, Hedge Fund Services Apply locations:
Chicago, ILtime type:
Full time posted on:
Posted Todayjob requisition :
R155480
** 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.
** Overview
* * Oversees end-to-end fund administration, investor accounting, and financial reporting for a multi-billion dollar hedge fund client, leading daily and month-end NAV close activities across transaction systems, the Sub Ledger, investor accounting platforms, and Oracle ERP/FS. Manages journal entry processing, accrual support, and automated/manual reconciliations (Sub Ledger-to-Oracle and NAV-to-GL), ensuring timely issue investigation, documentation, and resolution and maintaining strong controls and segregation of duties.

Oversees monthly financial packages and investor allocations (including management fees and performance allocations) and leads quarterly and year-end financial statement deliverables across U.S. GAAP, IFRS, and Broker Dealer requirements in partnership with clients and external auditors. Serves as a senior technical advisor and escalation point while driving documentation, training, resource planning, and continuous improvement initiatives to enhance quality, efficiency, and risk management.
** Working Model:
** Hybrid We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.
** Major Duties:
** 1. Oversee 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. Review month-end posting of Sub Ledger journal entry summaries to Oracle ERP and perform/oversee automated reconciliations (including Sub Ledger to Oracle ERP) to validate completeness and accuracy; investigate, document, and resolve identified breaks.  
3. Review and retain support for manual accruals/adjustments when instructed, including maintaining appropriate documentation and audit trail.  
4. Review monthly financial packages (key financial statements and supporting schedules), maintaining evidence of review within the monthly close package.  
5. Review NAV-to-General Ledger reconciliations (e.g., proprietary investor accounting system to Oracle ERP) and other automated reconciliations; 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. Oversee quarterly and year-end financial reporting deliverables, including U.S. GAAP hedge funds (variety of strategies including fixed income, quantitative, equity, multi-strategy), IFRS international funds (Asia, UK, Ireland), and Broker Dealer entities; perform final quality control review 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; validate allocation outputs to feeder funds and investors.  
9. Oversee posting of applicable investor accounting system-generated amounts to Oracle FS and perform reconciliations (final NAV to the Sub Ledger and to financial statements) to confirm completeness and accuracy; investigate and resolve breaks; ensure system-enforced segregation of duties is followed for any…