Junior Fund Accountant – NAV & Reconciliation

ACCA Careers; Chicago (IL); On-site; USD 43,000 - 65,000; Full time

Benefits offered by this job

Health benefits

401(k) and pension

Paid time off

Discretionary bonus program

Job summary

Northern Trust is seeking an Entry-Level Fund Accountant to support daily fund accounting and financial reporting. You will prepare records, assist NAV calculations, and reconcile accounts in a collaborative environment with mentorship and training provided.

The role is ideal for recent graduates pursuing accounting/finance, offering exposure to mutual funds, hedge funds, and other investment vehicles within a renowned global firm. A strong Excel background and teamwork are valued.

Qualifications

• Bachelor's degree in Accounting, Finance, Business, or a related field is required.
• Strong analytical and problem-solving skills are essential.
• High attention to detail and accuracy is required.
• Proficiency in Microsoft Excel is expected.
• Strong communication and teamwork abilities are important.
• Internship or accounting/finance experience is a plus.

Responsibilities

• Prepare and maintain daily, weekly, and monthly fund accounting records.
• Assist in calculation and verification of Net Asset Values (NAVs).
• 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 procedures.
• Participate in process improvement initiatives to enhance efficiency and reduce risk.

Skills

Analytical skills

Attention to detail

Microsoft Excel

Communication

Teamwork

Internship experience

Education

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

Job description

Northern Trust is seeking an Entry-Level Fund Accountant to support daily fund accounting and financial reporting. You will prepare records, assist NAV calculations, and reconcile accounts in a collaborative environment with mentorship and training provided.

The role is ideal for recent graduates pursuing accounting/finance, offering exposure to mutual funds, hedge funds, and other investment vehicles within a renowned global firm. A strong Excel background and teamwork are valued.