NAV Analyst, Institutional Funds & Reporting

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

Job summary

Northern Trust is seeking an entry-level analyst to support NAV calculation and fund valuation for defined contribution and defined benefit plans. You will evaluate fund holdings, audit cash and price variances, and assist in monthly and annual reporting while addressing client inquiries.

Role requires basic accounting/finance knowledge, strong Excel skills, and ability to work quickly and accurately in a busy environment. Some familiarity with Power suites is a plus.

Qualifications

• Basic knowledge of accounting, finance and securities.
• Analytical and organizational skills to resolve inquiries on time.
• Attention to detail and ability to multi-task in a fast-paced environment.
• Strong Excel skills; familiarity with Power suites is a plus.

Responsibilities

• Determine Net Asset Value (NAV) for defined contribution and defined benefit plans daily.
• Evaluate and reconcile funds (mutual, separately managed, commingled) against benchmarks.
• Analyze impact of transactions, income positions, accruals, and corporate actions.
• Audit and resolve exceptions on assigned accounts per procedures and timelines.
• Assist in timely preparation of monthly and annual reports and financial statements.
• Record and respond to partner and client inquiries resolving account exceptions.
• Value funds daily and provide client portfolio and 5500 reporting annually.

Skills

Analytical skills

Organizational skills

Attention to detail

Excel skills

Power suites

Education

Bachelor's degree in Business

Tools

Microsoft Power suites

Job description

Northern Trust is seeking an entry-level analyst to support NAV calculation and fund valuation for defined contribution and defined benefit plans. You will evaluate fund holdings, audit cash and price variances, and assist in monthly and annual reporting while addressing client inquiries.

Role requires basic accounting/finance knowledge, strong Excel skills, and ability to work quickly and accurately in a busy environment. Some familiarity with Power suites is a plus.