P1, Assoc Consultant

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role

Accounts Payable - Cash Management CoE provides payments services to REIF and PE clients.

Evaluates and reconciles Client’s documents and process and review payments in various banks on behalf of clients.

Core competencies and skills required

·       Strong Understanding of day to day operational activities of payments.

·       Demonstrate through examples /evidence strong operations knowledge including secondary review & controls, risks & mitigation

·       Excellent spoken and written English, and the ability to write business correspondence.

·       Ability to independently address technical & non-technical issues, conduct knowledge share / training sessions, proactively troubleshoot and manage escalations, and work with global teams

·       Good analytical, numerical and reasoning skills.

·       Ability to handle multiple tasks under extremely time sensitive conditions.

·       Be technically competent to act as first point of reference for day-to-day queries while performing review/reports/preparation daily and accurately.

Major duties and key responsibilities

·       Responsible for ensuring timely and accurate reviews of transactions within established guidelines.

·       Performing quality assurance checks on information received from clients.

·       Working closely with home locations to resolve queries

·       To create, maintain and update procedure documents and client specifications

·       Comply with all controls and procedures outlined in the procedures manual and general company policies

·       Reviewing and signing off on Monthly reports/daily TLM reconciliation prepared by team members/Reviews on certain reports like weekly cash report/Monthly balance update.

·       Working closely  with the Team Leader and Section Manager on new transitions from home locations

·       Ensure all scheduled work is completed by agreed deadlines.

·       Identify efficiencies and areas of improvement to reduce risk and put controls to make the process more efficient and robust.

·       Ensuring that technology available is being fully utilized in the most efficient manner

·       To ensure full and proper reporting to the manager of any operational issues

·       Where delays are expected, flag any service delivery issues as early as possible

·       Ongoing review of daily controls and communications of any new idea(s) or suggested procedural changes

·       To assist with training and coaching new team members as the group grows

·       Lead/participate in implementing new technology and efficiency initiatives/projects as needed.

Education and Qualifications:

·       University degree/Masters in Commerce/Finance.

·       4-6 years of experience on Payments/Relevant experience in Finance Domain

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

Must be able to interact and communicate with co-workers in a clear, thorough and concise manner. Work environment and physical demands are those normally associated with work either at office or any other location including home, including frequent use of the computer and telephone. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential job functions unless those accommodations would impose an undue hardship or constitute a direct threat.

Working with Us

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 committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Pune Office

The Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe.

Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.