NAV & Fund Accounting Analyst for Defined Benefit & DC Plans

001 The Northern Trust Company; Tempe (AZ); On-site; USD 41,000 - 62,000; Full time

Benefits offered by this job

401k plan

Health/dental/vision

Paid time off

Parental leave

Life insurance

Well-being benefits

Bonus program

Job summary

Northern Trust is seeking an entry level analyst to support NAV calculation and fund accounting for large ERISA plans. Under supervision you will evaluate and reconcile mutual and managed funds, audit cash postings and corporate actions, and assist in preparing client reports.

The role requires basic accounting knowledge, attention to detail, and strong Excel skills. Bachelor's in Business preferred or related fund accounting experience; applicants must be authorized to work in the U.S.

Qualifications

• Basic knowledge of accounting, finance and securities.
• Analytical skills and organizational skills to meet client deadlines.
• Strong Excel skills and Microsoft Power suites.

Responsibilities

• Determine NAV for defined contribution and defined benefit plans daily.
• Reconcile funds (mutual, SMF, commingled) for daily valuation.
• Analyze transactions, income positions, accruals and corporate actions.
• Audit and resolve account exceptions per procedures and timelines.
• Prepare monthly and annual client reports and financial statements.
• Record and respond to partner inquiries, resolving account exceptions.
• Value funds daily.
• Provide client portfolio and 5500 reporting annually.
• Escalate complex issues to supervisors when needed.

Skills

Analytical skills

Attention to detail

Strong Excel skills

Organizational skills

Education

Bachelor's degree in Business

Job description

Northern Trust is seeking an entry level analyst to support NAV calculation and fund accounting for large ERISA plans. Under supervision you will evaluate and reconcile mutual and managed funds, audit cash postings and corporate actions, and assist in preparing client reports.

The role requires basic accounting knowledge, attention to detail, and strong Excel skills. Bachelor's in Business preferred or related fund accounting experience; applicants must be authorized to work in the U.S.