Analyst, Fund Admin IPS

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

Benefits offered by this job

401k and pension

Health and welfare benefits

Paid time off

Job summary

Northern Trust, a global financial services leader, is seeking a candidate for fund accounting and financial reporting support in Chicago. The role covers NAV and close package prep, maintaining fund books, and assisting with year-end statements and audits.

The position emphasizes strong accounting fundamentals, analytical abilities, attention to detail, and collaboration with control teams. A 401k, pension, and comprehensive benefits accompany the role.

Qualifications

• Bachelor's degree in Accounting, Finance, Business, Economics or related field preferred.
• Prior professional fund accounting experience is not required but beneficial.
• Exposure to accounting, finance, investment management or financial services is helpful.

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 per procedures and controls.
• Maintain and periodically close fund books and records.
• Prepare and analyze supporting financial information and investigate differences with guidance.
• Assist with year-end financial statements and related schedules.
• Provide information to support external audit requests.
• Collaborate with Financial Control and other fund administration teams on fund activity.

Skills

Accounting basics

Analytical skills

Attention to detail

Communication

Organization

Team collaboration

Learning investment products

Excel proficiency

Follow procedures

Education

Bachelor's degree in Accounting/Finance/Business/Economics

Tools

Microsoft Excel

Microsoft Office

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 elevate 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.

Northern Trust provides a comprehensive benefits package including 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, and 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 requirements with the recruiter you are working with.

Looking for greater?

You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work‑life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

Terms and Conditions

Candidate Privacy Notice

California Applicant Privacy Notice

Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non‑discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non‑discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.)