Posted in General Business 22 days ago.
Type: Full-Time
Location: Chicago, Illinois
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 Global Revenue and Billing Management team is responsible for the accounting, invoicing, and payment management of Northern Trust's client revenue. The team is located in North America, EMEA, and APAC and supports all business segments - Wealth Management, Asset Servicing, and Asset Management, and all regions - North America, EMEA, and APAC.
Global Revenue and Billing Management works closely with the various business units and their respective Finance teams to ensure accurate revenue recognition and closing of Northern Trust's monthly books. The team is in the midst of a multi-year transformation that will migrate all clients to the best-in-class Oracle Revenue Management and Billing (ORMB) platform that will improve client experience, deliver enhanced controls, optimize workflow, and enable advanced reporting and data analytics.
In today's interest rate environment, it is more critical now than ever to ensure accurate and timely collection of revenue. Inefficiency and delays result in lower net interest income impacting Northern Trust's overall revenue.
A new SVP Revenue Management Practice Lead has been created to spearhead change and accelerate revenue collection. The successful candidate will lead engagement with global client service leaders in Asset Servicing, Wealth, and NTAM with the goal of reducing aged revenue accruals and receivables. They will be responsible for the overall management and prioritization of revenue collection, creating and executing on plans to remediate aged outstanding revenue, identifying opportunities to optimize the revenue management process and lifecycle and defining new best practice standards. The individual will manage a small team aligned to these business objectives and work closely with the broader BAU leadership team and transformation program to deliver against these goals.
Major Duties :
Knowledge & Skills:
Experience :• A College or University degree is required along with 10+ years of Financial Services Industry and Operations experience and 5-7+ years of Supervisory/oversight experience of fee billing and financial operations processes.
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
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 sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
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