at Northern Trust Company in Chicago, Illinois, United States
Job Description
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.
As part of the Global Fee billing Team, the Senior Analyst role is responsible for the complex aspects of Accounts Receivable, from set-ups, generation of all period-end invoicing for designated clients, cash application, account openings and closing audits, to billing related special projects. This role serves as one of the primary contacts for all fee related calculations, analysis, and inquiries from our business partners. The Senior Analyst must accurately and efficiently complete all assigned fee related tasks and responsibilities, demonstrate a firm understanding of our processes, the risk associated with billing activities, and the impact to the Bank's financial statements and to our clients. The Senior Fee Analyst will investigate billing issues as problems arise and drive the resolution process to ensure we provide accurate and timely billing. The Senior Fee Analyst will adhere to the compliance guidelines and internal auditing requirements of the Bank and assist the Fee Leadership Team with ensuring best practices are being followed. Works to understand and optimize processes in conformity to rigorous standards for accuracy and timeliness required by Northern Trust and other external bodies. Activities must be conducted in full accordance with Northern Trust and Fee team related policies and procedures. This person should be analytically and procedurally competent, representing the team on cross-function process or project deliverables.
Major Duties.
- Responsible for the complex aspects of Accounts Receivable, from set-ups, generation of all period-end invoicing for designated clients, cash application, account openings and closing audits, to billing related special projects.
- Perform quality review check of work generated by others.
- Responsible for performing a variety of complex accounting and analytical duties. Accurately and efficiently process complex fee setups, revisions, recalculations, co-trustee payments and all general inquiries submitted via internal communication tools (i.e., DSM, Fee Template, and email) from Client Servicing and Fee Management teams as required.
- Review accrual reporting and perform analysis and address variance related updates to ensure accurate posting of fees and revenue.
- Proactively monitor fee information on reports for errors with calculations, input, and variances in fees for assigned accounts from one period to another.
- As the subject matter expert, assist with the training and development of new and less experienced fee analysts.
- Demonstrate a firm understanding of fee setup processes for Institutional and Wealth Management as well as the financial risk associated with each task direction from our front office partners.
- May perform various analysis required to assess the financial position and operational results of the organization.
- Demonstrate the ability to understand and assist with the resolution of complicated requests related to all services of the fee setup process as well as facilitate conference calls to better understand.
- Prioritize daily tasks to ensure productivity,...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
