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.
The Financial Analyst for the Allocation Team will engage in the monthly close activities, financial reporting and variance analysis (focusing on revenues and expense allocations) and other ad hoc tasks including but not limited to costing studies, refresh of allocation methodologies as well and both product and client profitability items. The financial analyst will work closely and frequently with partners based both in Manila and Chicago to ensure the financial goals of the business unit and of Northern Trust are met.
Major Duties
- Point of contact and subject matter expert for indirect expense and revenue allocations. The analyst will handle and review monthly and quarterly allocation configurations updates from different Business units.
- Perform monthly/quarterly reporting processes which involve forecasting, indirect expense/allocated costs variance analysis and preparation of various reports.
- Engage in annual planning process which includes, supporting the business unit for the preparation, timeliness and integrity of the annual indirect expenses budget (from plan cost allocation set-up to periodic cost allocation runs and reporting) and proactively providing sound and valuable recommendations to stakeholders that would impact key business decisions.
- Work closely with the team in identifying process improvements to enhance the productivity and efficiency of the team.
- Participate in other special projects.
Knowledge/Skills
- Preferably a candidate with a background in costing and allocations.
- Strong analytical and problem-solving skills to evaluate financial results.
- Effective written and verbal communication skills to present relevant information to the Senior Management and various stakeholders.
- Proficiency with Office 365 applications, including Excel, PowerPoint, Teams and Co-pilot to efficiently perform analyses and communicate financial information to various stakeholders.
- Knowledgeable in PeopleSoft, HFM, TM1/Cognos and other similar systems used in financial reporting, planning and analysis. Knowledge and experience in SAP is a plus.
- Flexi