Analyst, Fund Administration, Omnium Services

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

Benefits offered by this job

401k and pension

Health, dental, and vision benefits

Paid time off

Parenting leave

Discretionary bonus program

Job summary

Northern Trust is hiring for an Analyst role in Chicago, Illinois. This position focuses on supporting core fund administration and financial reporting for a multi-billion hedge fund client. The successful candidate will assist with tasks related to monthly NAV close and financial reporting, while gaining insights into fund accounting processes.

This role is aimed at recent graduates in accounting or finance, and offers comprehensive benefits including retirement plans, health benefits, and potential bonuses. Applicants must be authorized to work in the U.S. without visa sponsorship.

Qualifications

• Recent accounting or finance graduate.
• Willingness to learn and grow in a financial environment.

Responsibilities

• Assist in preparing monthly fund NAV and business entity close.
• Compile and validate financial data for clients and investors.
• Support monthly close process through journal entries and reconciliations.
• Assist in preparing financial statements.
• Prepare documentation for audits under guidance.

Skills

Attention to detail

Organizational skills

Effective communication

Microsoft Excel proficiency

Ability to learn financial systems

Education

Bachelor's degree in Accounting or Finance

Job description

About Northern Trust

Northern Trust, a Fortune 500 company, is a globally recognized, award‑winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Analyst Role Overview

The Analyst role on the Omnium Services team supports core fund administration and financial reporting activities for a multi‑billion hedge fund client. This position is designed for a recent accounting or finance graduate and focuses on executing defined processes related to monthly NAV close, investor accounting, and financial reporting under the guidance of senior team members. The Analyst will assist with data preparation, reconciliations, journal entries, and financial reporting deliverables while developing an understanding of fund structures, accounting processes, and internal and client systems.

Major Duties

• Assist in preparation of monthly fund NAV and business entity close support and schedules; elevate items for review
• Compile, validate, and organize financial data for dissemination to clients and investors
• Support monthly close process through preparation and first‑level review of journal entries, supporting schedules, and reconciliations under supervision
• Assist in preparation of financial statements and supporting schedules for funds
• Prepare audit support documentation and respond to auditor requests with guidance from senior team members
• Participate in team learning and development opportunities
• Execute assigned tasks and support team deliverables while building technical and foundational knowledge of business unit and fund administration processes
• Perform defined tasks within established processes and elevate issues as appropriate
• Support process execution and contribute to continuous improvement initiatives by identifying issues or inefficiencies

Knowledge

• Basic understanding of accounting principles (debits/credits, financial statements)
• Strong attention to detail and organizational skills
• Effective written and verbal communication skills
• Ability to follow established procedures and meet deadlines
• Proficiency in Microsoft Excel
• Willingness to learn financial systems (e.g., Subledger, ERP, investor accounting platforms)
• Ability to work in a collaborative, team‑based environment

Experience

• Bachelor’s degree in Accounting, Finance, or related field required
• Relevant work experience preferred; recent grads with relevant coursework or internship experience may be considered

Eligibility and 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).

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.

Reasonable Accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail].