Analyst, Institut Fund Acctg

About the role

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Responsibilities

• Evaluate, analyze, and reconcile mutual funds and separately managed funds to determine the Net Asset Value (NAV) on a daily basis.
• Provide client portfolio and 5500 reporting on an annual basis.
• Evaluate and reconcile funds including mutual, separately managed, commingled, and collective funds, often compared against a benchmark.
• 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.
• Perform exception resolutions of cash, holdings reports and price variances, expenses and expense accruals, and also any activity in the investment accounts.

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.

Skills

• Knowledge of accounting, finance, and securities.
• Excellent analytical and organizational skills.
• Attention to detail and ability to manage multiple tasks simultaneously.
• Strong proficiency in Excel and Microsoft Power suits.

Qualifications

• Bachelor’s degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting.
• Authorized to work in the U.S. without the need for employment-based visa sponsorship.

Benefits

Working With Us As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve!

Pay

Reasonable accommodation Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

Schedule

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater.