Junior Fund Accountant: NAVs & Reconciliations

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

Benefits offered by this job

401k & pension

Medical & vision benefits

Paid time off

Parental leave

Life & disability insurance

Well-being benefits

Job summary

Northern Trust in Boston, MA is seeking an Entry-Level Fund Accountant to build a foundation in investment operations and financial reporting for recent graduates or early-career professionals.

Responsibilities include maintaining fund accounting records, assisting NAV calculations, reconciling accounts, processing investments, and ensuring internal controls. A Bachelor's degree and Excel proficiency are preferred, with a discretionary bonus program mentioned.

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 thinking

Attention to detail

Excel

Communication

Teamwork

Education

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

Job description

Northern Trust in Boston, MA is seeking an Entry-Level Fund Accountant to build a foundation in investment operations and financial reporting for recent graduates or early-career professionals.

Responsibilities include maintaining fund accounting records, assisting NAV calculations, reconciling accounts, processing investments, and ensuring internal controls. A Bachelor's degree and Excel proficiency are preferred, with a discretionary bonus program mentioned.