Fund Accounting Associate – NAV, Reconciliation & Reporting

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

Benefits offered by this job

401k plan

Pension

Health insurance

Dental insurance

Vision insurance

Paid time off

Parental leave

Caregiver leave

Life insurance

Disability benefits

Voluntary benefits

Job summary

Northern Trust is hiring an Entry-Level Fund Accountant to join our Fund Accounting team, building 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.

Responsibilities include preparing and maintaining fund records, calculating NAVs, reconciling accounts, processing transactions, and supporting process improvements while adhering to internal controls

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

Problem solving

Excel proficiency

Communication

Teamwork

Education

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

Job description

Northern Trust is hiring an Entry-Level Fund Accountant to join our Fund Accounting team, building 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.

Responsibilities include preparing and maintaining fund records, calculating NAVs, reconciling accounts, processing transactions, and supporting process improvements while adhering to internal controls