Manila Investment Accounting and Analytical Services (IAAS) team is responsible for the reconciliation of financial reporting data and the preparation of cyclical customized reporting to NT clients. They work closely with their counterparts to deliver superlative data quality and first-class client service. As experts in this field, partner would have a strong base knowledge in accounting principles, adaptable with working in multiple financial platforms and best in class client service.
Focus on resolution of SAP FAM transactions and custody accounting, where investment accounting knowledge is required to interpret policies, guidelines and/or processes.
Duties:
- Operates independently; has in-depth knowledge of business unit / function
- As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level
- Review NT custody data with SAP accounting systems to ensure accuracy and adherence to client's custom reporting requirements.
- Ensure appropriate books and records are maintained for all client investment portfolios by applying the proper STAT, GAAP, and Tax prescribed guidance.
- Review and analyze investment activity for client portfolios and perform transactions (i.e. cash, corporate actions, income) and holdings reconciliations.
- Ability to collaborate with consultants, peers, clients and internal stakeholders on handling queries and requests.
- Escalates relevant and critical issues to management and all pertinent partners/clients in a timely and efficient manner.
- Ensures that team/division's goal for accuracy and timeliness is maintained.
- Ensure that client documentation/schematics are complete and accurate.
- Ability to lead, support and/or strategize on projects focused on improving service delivery, capacity management and productivity.
Knowledge and Skills:
- Knowledge of investment accounting and financial instruments, specifically related to multi-basis accounting and U.S. GAAP standards.
- Analytical skills are required to research and resolve inquiries. Excellent oral and written communication skills are required.
- Must have strong working knowledge of fixed income and equity securities and understand activity related to accruals, income payments, and other maintenance transactions.
- Knowledge of Northern Trust's core custody operations, system applications is required.
Experience and Qualification:
- An undergraduate degree with strong background of accounting and financial principles relating to investment, multi-basis accounting (regulatory, statutory, tax) and GAAP basis.
- Minimum of 5 years related work experience in audit function and valuation composition.
- Display strong communication and presentation skills to stakeholders, clients and client servicing teams.
- Has strong project management, critical thinking and strategic thinking skills to lead process migration.
- Confident, well-balanced, fast learner, resilient and approachable.
- Problem solver and results oriented.
- CPA is highly preferred but not a requirement
- Experience with SAP FAM applications is highly desired.
