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

• 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.

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

• Bachelor’s degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting.
• Experience with financial analysis and fund accounting.
• Knowledge of ERISA regulations and compliance.
• Proficiency in financial software such as Bloomberg, Morningstar, or similar platforms.

Qualifications

• Authorized to work in the U.S. without the need for employment-based visa sponsorship.

Benefits

Working at Northern Trust offers a competitive compensation package, including health insurance, retirement benefits, and a range of employee discounts and perks. We also offer a comprehensive training program and opportunities for professional development.

Pay

Competitive salary based on experience and qualifications.

Schedule

Full-time position with standard business hours.

Company Culture

We are committed to fostering a diverse and inclusive workplace where everyone feels valued and respected. We believe that a strong work-life balance is essential for our employees' well-being and productivity. At Northern Trust, we encourage open communication, collaboration, and continuous learning to achieve our goals and make a positive impact on the communities we serve.

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.

About Our Tempe Office

The Northern Trust Tempe office opened in 2015 with 75 employees and now serves over 75 different business functions with more than 700 employees. The team is recognized as a Global Capability Center that delivers exceptional value, quality, expertise and innovation through our diverse talent.