Analyst, Institutional Fund Accounting

Northern Trust is a global provider of wealth management, asset servicing, asset management, and banking services. The company is seeking an entry-level Analyst, Institutional Fund Accounting to evaluate, reconcile, and value investment funds and determine daily Net Asset Values for defined contribution and defined benefit plans. The role also involves resolving account exceptions, auditing investment activity, and preparing client reports and financial statements.

What you'll do:

• 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, often compared against a benchmark, 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 in accordance with generally accepted accounting principles and performance standards
• Record and respond to partner and client inquiries resolving exceptions related to accounts
• Value funds on a daily basis
• Provide client portfolio and 5500 reporting on an annual basis
• Expected to use some initiative but refer more complex problems to supervisors/experts

What they're looking for:

• Basic knowledge of accounting, finance and securities, usually obtained through business related coursework and/or prior related experience
• Analytical skills and organizational skills are required to research and resolve inquiries within scheduled timeframes to meet client deadlines
• Attention to detail and multi-tasking skills are required to value the funds in a timely and accurate manner
• Ability to absorb information quickly, work in a fast paced environment and meet deadlines while maintaining accuracy is critical
• Bachelor's degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting
• Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa) 
• Strong Excel skills and usage of Microsoft Power suites is a plus

Benefits:

• Retirement benefits (401k and pension)
• Health and welfare benefits (medical, dental, vision, spending accounts and disability)
• Paid time off
• Parental and caregiver leave
• Life & accident insurance
• Other voluntary and well-being benefits
• A discretionary bonus program that may include an equity component
• Flexible and collaborative work culture
• Movement within the organization is encouraged
• Senior leaders are accessible