Entry-Level Fund Accountant: NAVs & Reconciliations

Northern Trust; Chicago (IL); On-site; USD 43,000 - 65,000; Full time

Benefits offered by this job

401k and pension

Health and welfare benefits (medical,…

Paid time off

Parental and caregiver leave

Life & accident insurance

Discretionary bonus program

Job summary

Northern Trust seeks an entry-level Fund Accountant to build a foundation in investment operations and financial reporting. You will assist in NAV calculations, reconcile accounts, and support daily fund accounting activities.

Ideal for recent graduates with strong Excel skills and attention to detail, you will collaborate with a professional team to ensure accuracy and compliance while gaining exposure to mutual funds and investment vehicles.

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.

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.

Skills

Analytical skills

Excel proficiency

Communication & teamwork

Education

Bachelor's degree in Accounting, Finance, or related field

Job description

Northern Trust seeks an entry-level Fund Accountant to build a foundation in investment operations and financial reporting. You will assist in NAV calculations, reconcile accounts, and support daily fund accounting activities.

Ideal for recent graduates with strong Excel skills and attention to detail, you will collaborate with a professional team to ensure accuracy and compliance while gaining exposure to mutual funds and investment vehicles.