NAV Analyst — Pension & 401(k) Fund Valuation

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

Job summary

Northern Trust, a global financial services leader, seeks an Entry level Analyst to evaluate and reconcile funds and determine NAV daily for large Defined Contribution and Pension plans. You will audit income postings, accruals, and corporate actions within scheduled timeframes.

Responsibilities include producing monthly and annual reports, addressing inquiries, and ensuring accurate fund valuation. A business degree and US work authorization are required.

Qualifications

• Basic knowledge of accounting, finance and securities; coursework/experience.
• Analytical skills and organizational skills to resolve inquiries within deadlines.
• Attention to detail and multitasking to value funds accurately and timely.
• Ability to absorb information quickly in a fast-paced environment and meet deadlines.
• Strong Excel skills and Microsoft Power suites are a plus.
• Bachelor’s degree in Business or relevant Fund Accounting experience preferred.
• Authorized to work in the U.S. without visa sponsorship now or in the future.

Responsibilities

• Determine Net Asset Value (NAV) for defined contribution and defined benefit plans daily.
• Evaluate and reconcile mutual, separately managed, commingled, and collective funds against benchmarks.
• Analyze impact of transactions, income positions, accruals, and corporate actions on investments.
• 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

Attention to detail

Excel skills

Power suites

Absorb information quickly

Education

Bachelor's degree in Business

Job description

Northern Trust, a global financial services leader, seeks an Entry level Analyst to evaluate and reconcile funds and determine NAV daily for large Defined Contribution and Pension plans. You will audit income postings, accruals, and corporate actions within scheduled timeframes.

Responsibilities include producing monthly and annual reports, addressing inquiries, and ensuring accurate fund valuation. A business degree and US work authorization are required.