Associate Accountant, Fund Accounting

Northern Trust
Boston, Chicago
Full timeUSD 43,200 - 64,800Function: Finance & AccountingEducation: bachelorsSkills: ["Analytical skills","Problem-solving","Attention to detail","Communication","Teamwork","Adaptability"]

Join the Fund Accounting team to support investment operations and financial reporting. You’ll prepare and maintain daily through monthly fund records, assist with Net Asset Value (NAV) calculations, reconcile cash and securities, and resolve accounting breaks. The role also involves processing investment transactions and ensuring adherence to internal controls and operating procedures, while contributing to process improvement initiatives to reduce operational risk.

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FursaFursa
Northern Trust
Northern Trust
1 day ago

Associate Accountant, Fund Accounting

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Last checked: 4 hours agoStatus: Live

Job Summary

Join the Fund Accounting team to support investment operations and financial reporting. You’ll prepare and maintain daily through monthly fund records, assist with Net Asset Value (NAV) calculations, reconcile cash and securities, and resolve accounting breaks. The role also involves processing investment transactions and ensuring adherence to internal controls and operating procedures, while contributing to process improvement initiatives to reduce operational risk.
Location: Boston, Chicago
Employment Type: Full time
Job Function: Finance & Accounting
Seniority: Entry level

Key Responsibilities

  • •Prepare and maintain daily, weekly, and monthly fund accounting records.
  • •Assist with the calculation and verification of Net Asset Values (NAVs) for investment funds.
  • •Reconcile cash, securities, and other balance sheet accounts.
  • •Monitor and resolve accounting breaks and reconciliation discrepancies.
  • •Process and review investment transactions, including purchases, sales, income, and corporate actions.

Pay and Benefits

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

Key Requirements

  • •Bachelor's degree in Accounting, Finance, Business, or a related field.
  • •Strong analytical and problem-solving skills.
  • •High attention to detail and accuracy.
  • •Proficiency in Microsoft Excel.
  • •Prior internship or accounting/finance experience is a plus.
Education:Bachelor's
Skills:Analytical skillsProblem-solvingAttention to detailCommunicationTeamworkAdaptability
Tech Stack:Microsoft Excel

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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Glassdoor: 3.9
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