NAV Analyst: Institutional Funds Accounting

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

Job summary

Northern Trust is seeking an entry-level analyst to evaluate and reconcile mutual funds and separately managed funds to determine NAV daily for large defined contribution and defined benefit ERISA plans.

You will audit income postings, accruals, and corporate actions, resolve exceptions, and assist in preparing monthly and annual reports with GAAP standards. Strong Excel and financial knowledge are needed to succeed in a fast-paced environment.

Qualifications

• Basic knowledge of accounting, finance and securities.
• Strong Excel skills and familiarity with Microsoft Power suites.
• Bachelor’s degree in Business or relevant work experience in Fund Accounting.

Responsibilities

• Determine Net Asset Value (NAV) for defined contribution and defined benefit plans daily.
• Evaluate and reconcile funds against benchmarks for daily valuation.
• Analyze impact of transactions, income positions, accruals and corporate actions on portfolios.
• Audit and resolve exceptions on assigned accounts within procedures and timeframes.
• Assist in timely preparation of monthly and annual reports and financial statements.

Skills

Excel

Analytical skills

Attention to detail

Education

Bachelor’s degree in Business

Fund Accounting experience

Tools

Power BI

Job description

Northern Trust is seeking an entry-level analyst to evaluate and reconcile mutual funds and separately managed funds to determine NAV daily for large defined contribution and defined benefit ERISA plans.

You will audit income postings, accruals, and corporate actions, resolve exceptions, and assist in preparing monthly and annual reports with GAAP standards. Strong Excel and financial knowledge are needed to succeed in a fast-paced environment.