Analyst, Institut Fund Acctg

Northern Trust; Tempe (AZ); On-site; USD 65,000 - 90,000; Full time

Job summary

Northern Trust is seeking a Fund Accounting Analyst in Tempe to support daily NAV calculation for defined contribution plans and to reconcile funds for client month-end reporting. You will analyze transactions, accruals, and corporate actions, ensuring accurate valuations and timely GAAP-compliant statements.

Collaboration with partners and clients is essential. Responsibilities include maintaining NAV accuracy, auditing exceptions, and preparing 5500 reporting.

Qualifications

• Bachelor’s degree in Business or relevant work experience in Fund Accounting or Mutual Fund Accounting.
• Strong Excel skills and ability to use macros/Access is a plus.
• Analytical and organizational skills to resolve inquiries within deadlines.

Responsibilities

• Determine Net Asset Value (NAV) for defined contribution plans daily.
• Evaluate and reconcile funds for client month-end reports and daily valuation.
• Analyze transactions, income positions, accruals, and corporate actions on portfolios.
• Audit and resolve exceptions on assigned accounts per procedures and timelines.
• Assist in timely preparation of reports and financial statements per GAAP.
• Record and respond to partner and client inquiries, resolving account exceptions.
• Value funds on a daily, weekly, or monthly basis.
• Provide client portfolio and 5500 reporting.
• Refer complex problems to supervisors/reports as needed.

Skills

Excel

Analytical skills

Attention to detail

Multi-tasking

Education

Bachelor’s degree in Business

Tools

Macro

MS Access

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.

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

• 1. Determine Net Asset Value (NAV) for defined contribution plans on a daily basis.
• 2. Evaluate and reconcile funds including mutual, benchmark, commingled, and collective for production of client month-end reports for daily valuation.
• 3. Analyze the impact of transactions, income positions, accruals, and corporate actions on the portfolio investment options.
• 4. Audit and resolve exceptions on assigned accounts according to procedures and within scheduled timeframes.
• 5. Assist in the timely preparation of reports and financial statements in accordance with generally accepted accounting principles and performance standards.
• 6. Record and respond to partner and client inquiries resolving exceptions related to accounts.
• 7. Value funds on a daily, weekly, or monthly basis.
• 8. Provide client portfolio and 5500 reporting.
• 9. Expected to use some initiative but refer more complex problems to supervisors/experts.

Knowledge

Basic knowledge of accounting, finance and securities, usually obtained through business related coursework and/or prior related experience. Analytical skills and organizational skills are required to research and resolve inquiries within scheduled timeframes to meet client deadlines. Attention to detail and multi-tasking skills are required to value the funds in a timely and accurate manner. Ability to absorb information quickly, work in a fast paced environment and meet deadlines while maintaining accuracy is critical. Strong Excel skills and usage of a Macro/Access is a plus.

Experience

Bachelor’s degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting. New grads with a Business degree may be considered.

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.

About Our Tempe Office

The Northern Trust Tempe office opened in 2015 with 75 employees and now serves over 75 different business functions with more than 700 employees. The team is recognized as a Global Capability Center that delivers exceptional value, quality, expertise and innovation through our diverse talent. Learn more.