Fund Accounting Analyst – NAV & Institutional Funds

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

Benefits offered by this job

Discretionary bonus program

Job summary

Northern Trust is seeking an entry-level analyst to support mutual fund and defined contribution/defined benefit NAV calculations, reconciliations, and reporting. The role involves auditing income postings, evaluating investment activity, and preparing client reports under supervision.

Responsibilities include resolving exceptions, ensuring timely monthly and annual statements, and supporting client inquiries with accuracy and professionalism.

Qualifications

• Basic knowledge of accounting, finance and securities.
• 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.

Responsibilities

• Determine Net Asset Value (NAV) for defined contribution and defined benefit plans on a daily basis.
• Evaluate and reconcile funds including mutual, separately managed, commingled, and collective funds, often compared against a benchmark, for daily valuation.
• Analyze the impact of transactions, income positions, accruals, and corporate actions on the portfolio investment options.
• Audit and resolve exceptions on assigned accounts according to procedures and within scheduled timeframes.
• Assist in the timely preparation of monthly and annual reports and financial statements in accordance with generally accepted accounting principles and performance standards.
• Record and respond to partner and client inquiries resolving exceptions related to accounts.
• Value funds on a daily basis.
• Provide client portfolio and 5500 reporting on an annual basis.
• Expected to use some initiative but refer more complex problems to supervisors/experts

Skills

Excel skills

Analytical skills

Attention to detail

Financial accounting knowledge

Business experience

Education

Bachelor's degree in Business

Tools

PowerPoint

Microsoft Power suites

Job description

Northern Trust is seeking an entry-level analyst to support mutual fund and defined contribution/defined benefit NAV calculations, reconciliations, and reporting. The role involves auditing income postings, evaluating investment activity, and preparing client reports under supervision.

Responsibilities include resolving exceptions, ensuring timely monthly and annual statements, and supporting client inquiries with accuracy and professionalism.