Analyst, Institutional Fund Accounting

Northern Trust
Chicago
Workplace: OnsiteFull timeUSD 43,200 - 64,800 annuallyFunction: Finance & AccountingEducation: bachelorsSkills: ["Analytical skills","Organizational skills","Attention to detail","Multi-tasking","Ability to meet deadlines","Customer/client responsiveness"]

Evaluate and reconcile mutual funds and separately managed funds to determine daily Net Asset Value (NAV) for defined contribution and defined benefit ERISA plans. Audit income postings, accruals, and corporate actions, resolve exceptions across assigned accounts, and support timely client month-end and annual reporting. Analyze how investment manager trading and transactions affect portfolio returns and option market values, while working within scheduled timeframes and referring complex issues to supervisors.

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FursaFursa
Northern Trust
Northern Trust
13 hours ago

Analyst, Institutional Fund Accounting

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Last checked: 13 hours agoStatus: Live

Job Summary

Evaluate and reconcile mutual funds and separately managed funds to determine daily Net Asset Value (NAV) for defined contribution and defined benefit ERISA plans. Audit income postings, accruals, and corporate actions, resolve exceptions across assigned accounts, and support timely client month-end and annual reporting. Analyze how investment manager trading and transactions affect portfolio returns and option market values, while working within scheduled timeframes and referring complex issues to supervisors.
Location: Chicago
Workplace: Onsite
Employment Type: Full time
Job Function: Finance & Accounting
Seniority: Entry level

Key Responsibilities

  • •Determine daily NAV for defined contribution and defined benefit plans.
  • •Evaluate and reconcile funds for daily valuation, often compared against benchmarks.
  • •Analyze impacts of transactions, income positions, accruals, and corporate actions on portfolio options.
  • •Audit and resolve exceptions on assigned accounts within scheduled timeframes.
  • •Assist in timely preparation of monthly and annual reports and financial statements, and respond to partner/client inquiries to resolve account exceptions.

Pay and Benefits

Salary: USD 43,200 - 64,800 annually
Equity and Bonus:Equity
Perks:401kPensionHealth InsuranceDentalVisionPaid LeaveParental LeaveCaregiver LeaveLife InsuranceDisability

Key Requirements

  • •Basic knowledge of accounting, finance, and securities obtained through business coursework and/or prior related experience.
  • •Ability to analyze and reconcile funds (mutual, separately managed, commingled, and collective funds) and work against benchmarks.
  • •Attention to detail and strong organizational skills to value funds accurately within scheduled deadlines.
  • •Strong Excel skills and experience using Microsoft Power suites (plus).
  • •Bachelor’s degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting.
Education:Bachelor's in Business
Skills:Analytical skillsOrganizational skillsAttention to detailMulti-taskingAbility to meet deadlinesCustomer/client responsiveness
Tech Stack:ExcelMicrosoft Power

Eligibility

Visa:H-1BL-1TNO-1E-3H-1B1F-1J-1OPTCPT
Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Northern Trust
Global financial services firm providing wealth management, asset servicing, asset management, and banking solutions to institutions, corporations, and affluent individuals, with a focus on custody, investment management, and technology-driven services.
Industry: Asset Management
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Chicago, United States
Founded: 1889
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