Revenue Management Analysts

Global Revenue and Billing Management works closely with internal business units and their respective Finance teams to ensure accurate revenue recognition and closing of Northern Trust’s monthly accounting 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.

We have created several new positions on this team at both the individual contributor and management levels.

The successful candidates will work with global client service teams in Asset Servicing, Wealth, and Asset Management business units within Northern Trust. The goal of these positions is to reduce aged revenue accruals and receivables.

You will be responsible for completing data analysis, creating business metrics, project management, and process optimization, identify opportunities for improving the Revenue Management process and lifecycle and defining new best practice standards. The individual will work closely with the broader BAU leadership team and transformation program to deliver against these goals.

All 3 levels of open positions will have some aspects of the following job responsibilities:

Act as a subject matter expert, providing comprehensive, in-depth consulting and knowledge of current processes and procedures

Evaluate existing business and operational flows and define the As-Is process models and To-Be process models for business process re-engineering initiatives

Provide guidance and leadership to drive the completion of critical projects

Carry out activities that are large in scope and cross-functional

Maintain effective relationships with our business partners to ensure process improvement goals are clearly communicated and met

Balance between high level operational execution and development, and execution of strategic direction of business function activities

Differentiate between important and urgent decisions, assess complex and contradictory information, identify the core issues quickly and act on them

Work with internal and external auditors to provide documentation for various audits

Provide oversight for the documentation of procedures and identification of potential control gaps and inefficiencies

Provide input and support to senior management’s objectives and goals

Promote a culture of continuous improvement

Knowledge :• In-depth functional/ industry knowledge is required in financial services, banking, investment management or closely related industry

• Excellent oral and written communication skills

• Excellent attention to detail

• Strong influencing skills

• Ability to apply knowledge of accounting principles and variance analysis to ensure accurate recording of financial information

• Self-starter with an ability to self-motivate

• Flexible approach towards changing work methods, deadlines and variable workloads

• Strong planning, organizational and problem solving skills

• Ability to work under pressure and to deliver to tight deadlines

• Ability to adapt and react positively in a changing and dynamic work environment

• Ability to implement enhancements that will move the department forward while proactively driving continuous improvements by challenging the status quo

• Ability to provide direction and leadership

• Demonstrate Strong Project Management/ Change management skills

Experience :

• Degree in Accounting/Finance, CPA and/or Auditing experience preferred, or demonstrated knowledge of the Financial Services industry with a minimum of 5+ years of related experience in Accounting/Revenue Accounting, Accounts Receivable, Accounts Payable or Payroll

Job Type: Full-time

Pay: $125,000.00 - $200,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Employee discount
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Parental leave
• Professional development assistance
• Referral program
• Retirement plan
• Tuition reimbursement
• Vision insurance

Experience level:

• 10 years
• 11+ years
• 5 years
• 6 years
• 7 years
• 8 years
• 9 years

Schedule:

• 8 hour shift

Work setting:

• Hybrid work
• Office

Education:

• Bachelor's (Required)

Ability to Relocate:

• Chicago, IL 60604: Relocate before starting work (Required)

Work Location: Hybrid remote in Chicago, IL 60604