Fund Accounting, Associate Accountant (Entry Level)

This is an entry-level position with great career path opportunities. Associate Accountant will go through Northern Trust’s training program and will be able to complete the daily valuation of their assigned Clients. The candidate will be supported in a team environment as they continue to build on their accounting skills. The candidate should be willing to learn and adapt to change, have the ability to work in a team environment, and have a basic conceptual understanding of the financial markets. Analytical, attention to detail, as well organizational skills are required to research and resolve inquiries within scheduled timeframes to meet client deadlines while maintaining accuracy.

Major Duties

• Determine Net Asset Value (NAV) for defined contribution plans on a daily basis.
• Evaluate and reconcile funds including mutual, benchmark, commingled, and collective for production of client month-end reports 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 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, weekly, or monthly basis.
• Provide client portfolio and reporting.
• Serve as a resource to clients, partners, and members of the team for clarity, understanding, and information regarding your relationships.
• Utilize knowledge of client needs and business operations to assist with special requests of clients or other partner areas.
• Be part of all transitions, conversions and plan changes for each of your clients. i.e. Attend all meetings and stay involved with transition from start to finish.
• Assist Technical Coordinator in the nightly NAV review process.

Bachelor’s degree in Accounting and Finance preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting.

New grads with a Business degree may be considered.

Strong Excel skills and usage of a Macro/Access is plus.

Experience in Sun-Guard Systems (Invest-One) is a plus.

For further information, and to apply, please visit our website via the “Apply” button below.