Institutional Fund NAV Analyst

NACBA; Chicago, Northern (IL, KY); Hybrid; USD 43,000 - 65,000; Full time

Job summary

Northern Trust in the United States is seeking an entry level analyst to support NAV calculations, fund reconciliation and client reporting for defined contribution and defined benefit plans under direct supervision. You will assist with daily NAVs, review data and help month-end processes for ERISA funds, while developing strong Excel skills and attention to detail in a fast-paced environment.

A Bachelor's degree in Business or related fund accounting experience is preferred, and US work

Qualifications

• Bachelor's degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting.
• Analytical skills and organizational skills are required to research and resolve inquiries within scheduled timeframes to meet client deadlines.
• Attention to detail and multi-tasking skills are required to value the funds in a timely and accurate manner.
• Ability to absorb information quickly, work in a fast paced environment and meet deadlines while maintaining accuracy is critical.
• Strong Excel skills and usage of Microsoft Power suites is a plus.

Responsibilities

• Determine Net Asset Value (NAV) for defined contribution and defined benefit plans on a daily basis.
• Evaluate and reconcile funds including mutual, separately managed, commingled, and collective funds, often compared against a benchmark, for daily valuation.
• Analyze the impact of transactions, income positions, accruals, and corporate actions on the portfolio investment options.
• Audit and resolve exceptions on assigned accounts according to procedures and within scheduled timeframes.
• Assist in the timely preparation of monthly and annual reports and financial statements in accordance with generally accepted accounting principles and performance standards.
• Record and respond to partner and client inquiries resolving exceptions related to accounts.
• Value funds on a daily basis.
• Provide client portfolio and 5500 reporting on an annual basis.
• Expected to use some initiative but refer more complex problems to supervisors/experts

Skills

Strong Excel skills

Analytical skills

Attention to detail

Time management

Education

Bachelor's degree in Business

Tools

Microsoft Power Suite

Job description

Northern Trust in the United States is seeking an entry level analyst to support NAV calculations, fund reconciliation and client reporting for defined contribution and defined benefit plans under direct supervision. You will assist with daily NAVs, review data and help month-end processes for ERISA funds, while developing strong Excel skills and attention to detail in a fast-paced environment.

A Bachelor's degree in Business or related fund accounting experience is preferred, and US work