Analyst, Institutional Fund Accounting
Chicago, IL, United States
Analyst, Institutional Fund Accounting page is loaded Analyst, Institutional Fund Accounting Apply locations Chicago, IL time type Full time posted on Posted 2 Days Ago job requisition id R124822 About Northern Trust:
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.
Major Duties :1. Determine Net Asset Value (NAV) for defined contribution
Major Duties :
1. Determine Net Asset Value (NAV) for defined contribution plans on a daily basis.
2. Evaluate and reconcile funds including mutual, benchmark, commingled, and collective for production of client month-end reports for daily valuation.
3. Analyze the impact of transactions, income positions, accruals, and corporate actions on the portfolio investment options.
4. Audit and resolve exceptions on assigned accounts according to procedures and within scheduled timeframes.
5. Assist in the timely preparation of reports and financial statements in accordance with generally accepted accounting principles and performance standards.
6. Record and respond to partner and client inquiries resolving exceptions related to accounts.
7. Value funds on a daily, weekly, or monthly basis.
8. Provide client portfolio and 5500 reporting.
9. Expected to use some initiative but refer more complex problems to supervisors/experts
Knowledge :
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 a Macro/Access is a plus.
Experience :
Bachelor’s degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting. New grads with a Business degree may be considered
Major Duties :
1. Determine Net Asset Value (NAV) for defined contribution plans on a daily basis.
2. Evaluate and reconcile funds including mutual, benchmark, commingled, and collective for production of client month-end reports for daily valuation.
3. Analyze the impact of transactions, income positions, accruals, and corporate actions on the portfolio investment options.
4. Audit and resolve exceptions on assigned accounts according to procedures and within scheduled timeframes.
5. Assist in the timely preparation of reports and financial statements in accordance with generally accepted accounting principles and performance standards.
6. Record and respond to partner and client inquiries resolving exceptions related to accounts.
7. Value funds on a daily, weekly, or monthly basis.
8. Provide client portfolio and 5500 reporting.
9. Expected to use some initiative but refer more complex problems to supervisors/experts
Knowledge :
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 a Macro/Access is a plus.
Experience :
Bachelor’s degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting. New grads with a Business degree may be considered
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! Join a workplace with a greater purpose.
We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
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 [email protected] .
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.
Similar Jobs (5) Consultant, Fund Administration, Hedge Fund Services locations Chicago, IL time type Full time posted on Posted 30+ Days Ago Consultant, Fund Administration, Hedge Fund Services locations Chicago, IL time type Full time posted on Posted 30+ Days Ago Associate Specialist, Fund Administration, Hedge Fund Services locations Chicago, IL time type Full time posted on Posted 30+ Days Ago
A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), 1800-425-0333 (India), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.
Equal Employment Opportunity Statements APAC/INDIA EEO STATEMENT
It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.
Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.
EMEA EEO STATEMENT
It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.
USA EEO STATEMENT
It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status.
#J-18808-Ljbffr