Associate Accountant, Fund Accounting

Northern Trust Corp; Massachusetts; On-site; USD 43,000 - 65,000; Full time

Job summary

Northern Trust in Boston and Chicago is seeking an entry-level Fund Accountant to build a foundation in investment operations and financial reporting. You will participate in daily, weekly, and monthly fund accounting tasks and help ensure NAV calculations are accurate.

Ideal for recent graduates or early-career professionals, the role offers exposure to mutual funds and various investment vehicles, with a strong emphasis on controls, accuracy, and teamwork within a supportive, collaborative

Qualifications

• 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.
• Strong communication and teamwork skills.

Responsibilities

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

Skills

Analytical thinking

Problem solving

Attention to detail

Communication

Teamwork

Education

Bachelor's degree in Accounting, Finance, Business

Tools

Microsoft Excel

Job description

## Associate Accountant, Fund AccountingApply: Boston, MA: Chicago, IL: Full time: Posted 3 Days Ago: R162271**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. **Job Description****Entry-Level Fund Accountant**Join our Fund Accounting team and build a strong foundation in investment operations and financial reporting. This role is ideal for recent graduates or early-career professionals interested in accounting, finance, and investment funds.**Key Responsibilities*** Prepare and maintain daily, weekly, and monthly fund accounting records.* Assist in 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.* Ensure adherence to internal controls, policies, and operating procedures.* Participate in process improvement initiatives to enhance efficiency and reduce operational risk.**Qualifications*** 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.* Strong communication and teamwork skills.* Prior internship or accounting/finance experience is a plus.**Preferred Skills*** Knowledge of mutual funds, hedge funds, private equity funds, or other investment vehicles.* Ability to work well both independently and as a team* Effective written and verbal communication skills* Adaptability in a fast-paced, deadline-driven environmentSalary Range:$43,200 - 64,800 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.