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Senior Consultant, Financial Reporting

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.

Major Duties:

 

1. Management of the day to day operations of clients, including the organization of reporting cycles.

2. Review of staff preparations of fund financial statements and schedules of investments as well as coordination and drafting of the notes to the financial statements for annual and semiannual shareholder reports for registered and non-registered funds.

3. Manage fund and audit/client cycle deadlines to ensure deliverables are met and completing reviews to ensure accurate and timely filings.

4. Acts as point of contact for Financial Reporting group to external clients

5. Review of staff preparations of SEC filings such as N-MFP for registered mutual funds.

6. Coordination of audits related to auditor open items and client questions and comments.

7. Technical resource for staff regarding questions related to new investment/derivative products, financial statement preparation questions and auditor questions.

8. Responsible for interacting with various business areas to determine automation needs and provide ongoing systems support



Knowledge :Excellent oral and written communication skills are required
In-depth Functional / Industry Knowledge is required
Analytical and problem solving skills are required
Technical skills are required

Experience :Seasoned professional with a College or University degree and/or relevant proven work experience is required.

Salary Range:

$74,700 - 126,900 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.

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CEO of Northern Trust
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Michael OGrady
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Average salary estimate

$100800 / YEARLY (est.)
min
max
$74700K
$126900K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Senior Consultant, Financial Reporting, Northern Trust

If you're looking for an exciting opportunity as a Senior Consultant in Financial Reporting, Northern Trust in Chicago, IL might just be the perfect match for you! Northern Trust has been a cornerstone of the financial services industry since 1889, and with more than 22,000 partners, they thrive on innovation and integrity. In this role, you will manage the day-to-day operations for clients, ensuring that all aspects of financial reporting cycles are organized seamlessly. You’ll take the lead in reviewing the team’s preparation of fund financial statements and coordinate the drafting of essential notes for annual and semi-annual shareholder reports for both registered and non-registered funds. As a key point of contact for the Financial Reporting group, you’ll play a crucial role in communications with external clients. You will also oversee audit cycles and interact with various business areas to identify automation needs, making your role multifaceted and dynamic. This position requires exceptional analytical skills and a deep understanding of financial reporting processes, as you’ll be addressing complex investment products and answering questions from auditors. With a competitive salary range of $74,700 - $126,900 and a comprehensive benefits package, Northern Trust values its employees and offers a flexible, collaborative work culture that promotes personal and professional growth. Join a company that is dedicated to making a positive impact through financial services while enjoying a rewarding career surrounded by like-minded professionals committed to excellence!

Frequently Asked Questions (FAQs) for Senior Consultant, Financial Reporting Role at Northern Trust
What responsibilities does a Senior Consultant in Financial Reporting at Northern Trust have?

A Senior Consultant in Financial Reporting at Northern Trust is responsible for managing the daily operations of client accounts and overseeing the organization of reporting cycles. Duties include reviewing fund financial statements prepared by the staff, coordinating and drafting notes for annual and semi-annual shareholder reports, managing audit and client cycle deadlines, and serving as the primary contact for external clients. Additionally, this role involves reviewing SEC filings and providing technical support related to investment products.

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What qualifications are required for the Senior Consultant, Financial Reporting position at Northern Trust?

To qualify for the Senior Consultant, Financial Reporting role at Northern Trust, candidates should possess a college or university degree, along with extensive and relevant work experience in financial reporting. Strong analytical, problem-solving, and communication skills are essential, as are technical skills in handling financial statements and various reporting cycles.

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What skills are necessary for success as a Senior Consultant in Financial Reporting at Northern Trust?

Success as a Senior Consultant in Financial Reporting at Northern Trust requires excellent oral and written communication skills, a thorough understanding of financial reporting processes, and strong analytical abilities. Candidates should also demonstrate technical proficiency in financial statements preparation and be well-versed in industry practices, particularly concerning investment and derivative products.

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What benefits does Northern Trust offer to Senior Consultants in Financial Reporting?

Northern Trust offers an attractive benefits package to its Senior Consultants in Financial Reporting, which includes retirement benefits like 401k and pension plans, health and welfare benefits including medical, dental, and vision insurance, and paid time off. Additional perks include life insurance, a discretionary bonus program with potential equity components, and flexible working options.

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How can a Senior Consultant in Financial Reporting at Northern Trust contribute to the company's culture?

As a Senior Consultant in Financial Reporting at Northern Trust, you have the opportunity to contribute to a flexible and collaborative work culture that values innovation and integrity. By sharing your insights and expertise, you can foster teamwork and encourage continuous improvement within the organization, while also participating in community engagement and outreach efforts that align with Northern Trust's mission.

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Common Interview Questions for Senior Consultant, Financial Reporting
Can you describe your experience with financial statement preparation?

When answering this question, focus on specific experiences you have had with either auditing or preparing financial statements. Highlight any relevant projects and the contributions you made to ensure accuracy and compliance with regulations.

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How do you manage tight deadlines in financial reporting?

Demonstrate your time management skills by discussing strategies you use to prioritize tasks, such as creating timelines and checklists. Provide an example where you successfully met a challenging deadline.

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What is your approach to auditing financial reports?

Explain your systematic approach to auditing, including how you review documents, verify numbers, and work collaboratively with your team to address potential discrepancies. Emphasize attention to detail and problem-solving skills.

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How do you handle discrepancies during a financial reporting process?

Illustrate how you identify and address discrepancies by referencing specific instances in your work history. Talk about your investigative approach and how you communicate findings to stakeholders.

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Can you give an example of how you've guided junior staff in financial reporting?

Discuss your mentorship experience, including how you assess the strengths and weaknesses of junior staff, provide them with resources, and support their professional development through constructive feedback.

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What experience do you have with SEC filings?

Highlight any relevant experience you have with the preparation or review of SEC filings, such as N-MFP. Explain the process, the importance of accuracy, and any challenges you've overcome in this area.

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Discuss a time when you had to explain a complex financial concept to a client.

Provide a specific scenario where you simplified complex terminology or data for a client. Focus on how you ensured the client understood the information and the positive outcome that resulted from your communication.

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What tools and technologies are you familiar with in financial reporting?

List the tools and software you have experience with, such as Excel, accounting software, or reporting tools. Provide examples of how you have utilized these technologies to enhance efficiency and accuracy in your work.

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How do you stay current with changes in financial regulations?

Share your strategies for staying updated, such as subscribing to financial publications, attending relevant workshops, and engaging with professional organizations. Emphasize your commitment to ongoing education in the financial reporting field.

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Why do you want to work as a Senior Consultant in Financial Reporting at Northern Trust?

Articulate your appreciation for Northern Trust’s longstanding commitment to excellence and service. Discuss how the role aligns with your career goals and how you can leverage your skills to contribute to the team and the company’s success.

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Join a Team That’s Made for 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 dri...

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Full-time, on-site
DATE POSTED
April 9, 2025

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