Fund Accounting Associate: NAVs, Recs & Reporting

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

Benefits offered by this job

401k & pension

Health benefits

Paid time off

Parental leave

Life & disability insurance

Discretionary bonus

Job summary

Northern Trust is hiring an Entry-Level Fund Accountant in Boston to join the Fund Accounting team. This role is ideal for recent graduates or early-career professionals seeking a foundation in accounting, finance, and investment funds.

You will prepare and verify fund records, compute NAVs, and ensure accuracy while adhering to internal controls and procedures. Collaboration and ongoing learning are encouraged in a supportive, professional setting.

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

Attention to detail

Excel proficiency

Communication

Education

Bachelor's degree in Accounting/Finance/Business

Tools

Microsoft Excel

Job description

Northern Trust is hiring an Entry-Level Fund Accountant in Boston to join the Fund Accounting team. This role is ideal for recent graduates or early-career professionals seeking a foundation in accounting, finance, and investment funds.

You will prepare and verify fund records, compute NAVs, and ensure accuracy while adhering to internal controls and procedures. Collaboration and ongoing learning are encouraged in a supportive, professional setting.