Junior Institutional Fund NAV Analyst

001 The Northern Trust Company; Chicago (IL); On-site; USD 43,000 - 65,000; Full time

Job summary

Northern Trust in Chicago is seeking an entry level analyst to evaluate, reconcile mutual funds and separately managed funds to determine NAV daily and produce client month-end reports.

The analyst will work on large Defined Contribution and Defined Benefit ERISA plans, auditing income postings, accruals, and corporate actions within scheduled timeframes. Strong Excel skills are valued.

Qualifications

• Basic knowledge of accounting, finance and securities.
• Analytical skills and organizational skills to research and resolve inquiries.
• 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, 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.
• Record and respond to partner and client inquiries resolving exceptions related to accounts.

Skills

Analytical skills

Attention to detail

Excel skills

Education

Bachelor's degree in Business

Tools

Microsoft Power Suite

Job description

Northern Trust in Chicago is seeking an entry level analyst to evaluate, reconcile mutual funds and separately managed funds to determine NAV daily and produce client month-end reports.

The analyst will work on large Defined Contribution and Defined Benefit ERISA plans, auditing income postings, accruals, and corporate actions within scheduled timeframes. Strong Excel skills are valued.