Fund Accounting Associate: NAVs, Reconciliations & Reporting

Northern Trust Corp

Massachusetts

On-site

USD 43,000 - 65,000

Full time

5 days ago

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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.