Analyst, Fund Admin IPS

The Northern Trust Company; Chicago (IL); On-site; USD 48,000 - 72,000; Full time

Benefits offered by this job

Retirement benefits

Health and welfare benefits

Paid time off

Parental and caregiver leave

Life and accident insurance

Discretionary bonus program

Job summary

The Northern Trust Company is seeking a Fund Accountant to assist in preparing fund NAV and close packages, perform fund accounting tasks, and help maintain fund books and records. You will analyze financial information and support audit requests while collaborating with Financial Control and other fund administration teams.

Ideal candidates have a foundational accounting background, strong analytical skills, and attention to detail.

Qualifications

• Bachelor's degree in Accounting, Finance, Business, Economics, or a related field preferred.
• Prior professional fund accounting experience is not required.
• Internship, co‑op, coursework, or other exposure to accounting, finance, investment management, or financial services is beneficial.
• Relevant progress toward or interest in professional qualifications may be beneficial but is not required.

Responsibilities

• Assist with the preparation of periodic fund NAV and close packages, including supporting schedules and reconciliations.
• Perform assigned fund accounting and financial reporting activities in accordance with established procedures and controls.
• Assist with the maintenance and periodic closing of fund books and records.
• Prepare and analyze supporting financial information and investigate differences or exceptions with guidance from more experienced team members.
• Assist with the preparation of year-end financial statements and related supporting schedules.
• Provide information and documentation to support external audit requests.
• Work with Financial Control and other fund administration teams to understand fund activity and resolve routine accounting and reporting questions.
• Assist with Financial Control activities associated with new fund launches and conversions.
• Develop an understanding of fund structures, investment products, accounting policies, and client-specific reporting requirements.
• Respond to routine internal and client inquiries with appropriate guidance and elevate more complex matters when necessary.
• Participate in team projects, process-improvement initiatives, and efforts to improve the efficiency of Financial Control processes.
• Use available technology and reporting tools to support accurate and timely completion of assigned responsibilities.

Skills

Analytical skills

Attention to detail

Written communication

Verbal communication

Teamwork

Time management

Investment products

Problem solving

Accounting basics

Education

Bachelor's degree in Accounting/Finance

Tools

Microsoft Excel

Office suite

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Major Duties and Responsibilities

• Assist with the preparation of periodic fund NAV and close packages, including supporting schedules and reconciliations.
• Perform assigned fund accounting and financial reporting activities in accordance with established procedures and controls.
• Assist with the maintenance and periodic closing of fund books and records.
• Prepare and analyze supporting financial information and investigate differences or exceptions with guidance from more experienced team members.
• Assist with the preparation of year-end financial statements and related supporting schedules.
• Provide information and documentation to support external audit requests.
• Work with Financial Control and other fund administration teams to understand fund activity and resolve routine accounting and reporting questions.
• Assist with Financial Control activities associated with new fund launches and conversions.
• Develop an understanding of fund structures, investment products, accounting policies, and client-specific reporting requirements.
• Respond to routine internal and client inquiries with appropriate guidance and elevate more complex matters when necessary.
• Participate in team projects, process-improvement initiatives, and efforts to improve the efficiency of Financial Control processes.
• Use available technology and reporting tools to support accurate and timely completion of assigned responsibilities.

Knowledge and Skills

• Foundational understanding of accounting principles.
• Strong analytical and problem‑solving skills.
• Strong attention to detail and commitment to accuracy.
• Good written and verbal communication skills.
• Ability to organize work and manage multiple assignments and deadlines.
• Ability to work effectively in a team environment.
• Willingness to learn investment products, fund accounting concepts, and financial reporting requirements.
• Proficiency with Microsoft Excel and other Microsoft Office applications.
• Ability to follow established procedures and appropriately escalated questions or exceptions.

Education and Experience

• Bachelor's degree in Accounting, Finance, Business, Economics, or a related field preferred.
• Prior professional fund accounting experience is not required.
• Internship, co‑op, coursework, or other exposure to accounting, finance, investment management, or financial services is beneficial.
• Relevant progress toward or interest in professional qualifications may be beneficial but is not required.

Salary Range

Salary Range: $48,000 - 72,000 USD

Salary range is a good faith estimate of base pay.

• retirement benefits (401k and pension)
• health and welfare benefits (medical, dental, vision, spending accounts and disability)
• paid time off
• parental and caregiver leave
• life & accident insurance
• other voluntary and well-being benefits

Northern Trust also provides a discretionary bonus program that may include an equity component.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail] , or alternatively you can discuss your individual requi