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Principal Responsibilities • Monthly verification & validation of the fees invoiced by the Sub-custodians used by Northern Trust including oversight of the expense coding process recently offshored to Bangalore • Approval of payments and general ledger entries. • Ensuring all expenses are correctly recorded in the accounting system and that the Sub-custodians are paid on a timely basis. • Calculating accurate expense accruals using internal systems data. • Communicating with the Network Management group on any issues regarding the billing. • Analysing Expenses to assist Network in Fee Renegotiations and Fee Team Recoveries. • Preparing and posting journals into the accounting system • Monthly reconciliations of the general ledger including aged creditor analysis • Running monthly queries and preparing reports in relation to asset values and trade volumes • Collating information for profitability purposes • Assisting the Management Reporting team to prepare monthly commentaries on any variances to budget for inclusion into the monthly management accounting package. • Prepare detailed variance analysis to Senior Management on a monthly basis • Preparing monthly reports for inclusion on the NTRS internet site and for regulatory reporting • Monthly re-forecasting and annual budgeting of this expense. • Monitoring and assigning the cash exceptions for Financial Control. Ensuring items do not exceed 60 days old. • Producing monthly KPI information • Apply knowledge and experience to new situations and varied queries. • Skills / Experience • Part qualified CIMA/ACCA • Strong attention to detail with emphasis on adhering to strict controls • Ability to manage multiple tasks whilst prioritising accordingly • Willingness to take on extra responsibility if needed • Ability and confidence to work autonomously • Ability to work within a team, assisting and providing cover when required • Able to work alone, investigating ideas and achieving solutions. • Strong Excel Skills
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