Fund Accounting Associate — NAV & Reconciliation

Northern Trust; Boston (MA); On-site; USD 43,000 - 65,000; Full time

Benefits offered by this job

Retirement benefits (401k and pension)

Health and welfare benefits

Paid time off

Parental and caregiver leave

Life & accident insurance

Discretionary bonus program

Job summary

Northern Trust is seeking an Entry-Level Fund Accountant to support daily fund accounting operations and financial reporting. This role is ideal for recent graduates or early-career professionals pursuing accounting, finance, and investment funds.

You will help prepare NAVs, reconcile accounts, and ensure internal controls. The position offers a foundation in investment operations, with exposure to various funds and process improvements in a collaborative environment.

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 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

Problem solving

Attention to detail

Communication

Teamwork

Internship experience (plus)

Education

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

Tools

Microsoft Excel

Job description

Northern Trust is seeking an Entry-Level Fund Accountant to support daily fund accounting operations and financial reporting. This role is ideal for recent graduates or early-career professionals pursuing accounting, finance, and investment funds.

You will help prepare NAVs, reconcile accounts, and ensure internal controls. The position offers a foundation in investment operations, with exposure to various funds and process improvements in a collaborative environment.