Fund Administration Analyst - NAV & Reporting

ACCA Careers; Chicago (IL); On-site; USD 48,000 - 72,000; Full time

Job summary

Northern Trust is seeking an IPS Analyst in Fund Administration to support monthly NAV close, investor accounting, and client deliverables. You’ll work with senior team members, gain exposure to hedge fund accounting, and learn fund structures and IPS processes in a collaborative setting.

Ideal candidates have a basic accounting foundation, strong Excel skills, and a drive to grow into more complex responsibilities within a marquee hedge fund client environment.

Qualifications

• Basic understanding of accounting principles (debits, credits, and financial statements).
• Strong attention to detail and the ability to stay organized.
• Clear written and verbal communication skills.
• Ability to follow established procedures, manage priorities, and meet deadlines.
• Proficiency in Microsoft Excel.
• Interest in learning financial systems (ERP, subledger, investor accounting).
• Motivation to learn and contribute in a collaborative environment.
• Bachelor’s degree in Accounting, Finance, or related field required.
• Relevant work experience preferred; recent grads considered.

Responsibilities

• Help prepare monthly fund NAV close and related materials for review.
• Gather, check, and organize financial data shared with clients and investors.
• Support monthly close with journal entries, schedules, and reconciliations.
• Assist with financial statements and supporting schedules for funds.
• Prepare audit materials and respond to auditor requests with team guidance.
• Participate in team learning and development opportunities.
• Complete assigned tasks and build technical knowledge of fund administration.

Skills

Microsoft Excel

Attention to detail

Communication skills

Follow procedures

Time management

Education

Bachelor’s degree in Accounting/Finance

Job description

Northern Trust is seeking an IPS Analyst in Fund Administration to support monthly NAV close, investor accounting, and client deliverables. You’ll work with senior team members, gain exposure to hedge fund accounting, and learn fund structures and IPS processes in a collaborative setting.

Ideal candidates have a basic accounting foundation, strong Excel skills, and a drive to grow into more complex responsibilities within a marquee hedge fund client environment.