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Accounting / Finance / Accounting / Finance

Northern Trust Corp Hiring for Team Lead, Financial Reporting Job at Melbourne Full Time

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Who we are
Our core principles of service, expertise and integrity have guided us from our start as a Chicago bank in 1889 to our position as a multi-faceted global financial services provider. Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally.
Our focus on employee work/life balance, diversity, career mobility and unique opportunities are among the reasons we’ve been named one of America’s Best Large Employers and recognized as an employer of choice around the world.
What we do
Northern Trust’s international business has grown dramatically over the last decade. Some of our largest clients are located in Asia and Australia, which represents a rapidly growing client base for the company. Our intricate understanding of the region allows us to provide unique insights and strategic perspectives to our clients. Currently, we have client offices in Beijing, Hong Kong, Melbourne, Singapore, Seoul, Tokyo and Kuala Lumpur.
Northern Trust is proud to serve the Australian community with global capabilities, meaningful insights and exceptional service. Institutional clients across Asia Pacific have relied on Northern Trust for effective solutions and ethical guidance across asset servicing and asset management since 1986.
What you will do
You will support the Australian Investment Accounting team as a Team Lead and will be responsible for monthly, quarterly, half-yearly and annual financial reporting, regulatory reporting and tax reporting to a diverse range of investment manager and superannuation fund clients and act as escalation point for any client queries.
It will be crucial for you to establish a level of client knowledge, to ensure all requirements are met and allow the team to build the relationship further. You will also be involved in managing new client onboarding process as it relates to financial reporting and tax, in conjunction with other teams.
You will report to the Manager of Financial Reporting and Tax.
This role is open to both Melbourne and Sydney location.
Responsibilities and expectations of the role:
  • Reviewing Financial statements and templates
  • Proactively seek to identify and improve current core processes and procedures, ensuring they are updated with changes in regulations and industry trends
  • Deliver training and coaching to junior members of the team
  • Work closely with other teams to achieve client reporting objectives – Unit Pricing, Business Process Analysts, Client Services, Operations and Technology
  • Work closely with Financial Reporting and Tax manager on new product developments and process improvement projects
  • Help manage new client onboarding process as it relates to Financial reporting and Tax
  • Provide oversight of off shore teams’ output and performance
  • Ensure sufficient risk management controls are in place and adhered to Northern Trust compliance standards
  • Act as escalation point for client queries
  • Organize and attend year end planning meetings with clients
About You:
  • Proven experience working within a Custodian, Superannuation fund, or Investment Manager accounting/tax team
  • Technical understanding and practical application of accounting and tax concepts as they relate to Managed Investment Schemes (MIS’s) and Superannuation funds
  • Demonstrated high level understanding of the application of Australian Accounting Standards as they relate to MIS’s and Superannuation funds, and the different assets they invest in
  • Demonstrated high level understanding of the application of Australian Tax rules as they relate to MIS’s and Superannuation funds, and the different assets they invest in, and an understanding of different trust structures and entity types
  • Demonstrated understanding of the application of regulatory reporting requirements – APRA, ABS, BAS, PAYG
  • Proficient in Excel
  • Accounting/Commerce/Finance degree qualified ideally with a CA or CPA
Highly Desirable
  • Previous experience in managing a small/medium team
As of 31 December 2021, Northern Trust Corporation had:
  • $16.2 trillion in assets under custody/administration
  • $12.6 trillion in assets under custody
  • $1.6 trillion in assets under management
  • $184 billion in banking assets
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!
We recognize the value of inclusion and diversity in culture, in thought, and in experience. Which Is why we are honored to receive the following awards in 2022:
  • Gender Equality Index Member, Bloomberg, 2022 (5th consecutive year)
  • Top ranking of 100% on the Human Rights Campaign Foundation’s, Corporate Equality Index, 2022 (For the 15th consecutive year, Northern Trust has scored 100% and earned the designation as a “Best Place to Work for LGBTQ Equality”)
In Australia, we are actively involved in many ways with both community and diversity organisations, which includes charity participation days. For families, we offer a very generous parental leave scheme, and all staff have access to subsidised health insurance if they choose.
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 ethical companies. Build your career with us and apply today!
  • Want to learn more about our company? Visit northerntrust.com
  • We are a leading global financial institution- Click here to check out our company accolades!

Job Overview

  • ID: 218498
  • Date Posted:
  • Location: ,
  • Job Title: Northern Trust Corp Hiring for Team Lead, Financial Reporting Job at Melbourne