Analyst, Fund Accounting

About the role

Entry level analyst position under direct supervision responsible for evaluating, analyzing and reconciling mutual funds and separately managed funds to determine the Net Asset Value (NAV) on a daily basis and for the production of client month-end reports. The analyst works on large asset owner plans, primarily large Defined Contribution (i.e. 401k) and Defined Benefit (Pension) ERISA plans.

Responsibilities

• 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.
• Determine Net Asset Value (NAV) for defined contribution and defined benefit plans on a daily basis.
• Provide client portfolio and 5500 reporting on an annual basis.

Requirements

• 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.
• Strong Excel skills and usage of Microsoft Power suits is a plus.

Qualifications

• Bachelor’s degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting.

Skills

• Knowledge of accounting, finance and securities.
• Strong analytical and organizational skills.
• Attention to detail and multi-tasking skills.
• Excel proficiency.

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.
• Discretionary bonus program with an equity component.

Pay

Salary Range $41,040 - 61,560 USD

Schedule

Northern Trust does not specify a schedule.