Financial Reporting, Associate Accountant (Entry Level)

Chicago, Illinois, United States
12 Aug 2022
01 Sep 2022
Job role
Fund accountant
Contract type
Full time
Experience level
Entry level, Graduate scheme

Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With more than 130 years of financial experience and over 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Global Fund Services (GFS) is a full-service provider of fund solutions to investment manager and fund company clients around the world.  North America GFS Operations provides Fund Accounting and Administration, Custody Servicing, Investment Outsourcing Operations, Transfer Agency, and Investor Servicing.  Our expert team of 900 partners across North America are solutions-oriented, innovative, and passionate about servicing clients and helping them execute their business strategies.  We commit ourselves to ensuring our partners reach their full potential.

The Financial Reporting group provides internal and external clients with assistance related to the annual audits and/or interim regulatory SEC filings across a diverse set of registered mutual funds and non-registered funds, including, but not limited to, common and collective trust funds, partnerships, and hedge funds that invest in a wide array of investment strategies and asset classes.  The group has an open associate accountant position that will report directly to the team leader of the team. 

The associate accountant will be responsible for the preparation of financial statements as well as the preparation and review of schedules of investments (SOIs), while also ensuring deliverables are met in a timely and efficient manner.  The associate accountant will also assist in resolving auditor open items and incorporating comments to the financial statements.  The associate accountant will be expected to provide feedback related to increasing productivity and efficiency within the financial statement and SOI preparations.

Major Duties: 

  • Preparation of financial statements and preparation and review of SOIs – ensuring quality of work by communicated deadline
  • Review of cash and holding reconciliations and posting necessary adjusting journal entries to Funds as well as the understanding of the reconciliation issues and how to resolve them
  • Assisting in the research to resolve auditor open items and incorporating comments to the financial statements
  • Contributing ideas related to building efficiencies within the financial statement and SOI preparation process
  • Effectively managing and prioritizing time in order meet client and auditor deliverables


  • Detail oriented with excellent organizational and prioritization skills
  • Excellent verbal and written communication skills
  • Great personality and a team player
  • Ability to multi-task in a fast-paced work environment and easily able to adapt to change
  • Strong performer with high standards of integrity & work ethic
  • Familiarity with Generally Accepted Accounting Principles (GAAP)
  • Understanding of various investment products
  • Ambitious and having a desire to pursue a career in asset management
  • Prior knowledge and understanding of journal entries
  • Degree in accounting
  • Advanced knowledge of Microsoft Excel and Word
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!

We’d love to learn more about how your interests and experience could be a fit with one of America’s best banks and most sustainable companies. Build your career with us and apply today.

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

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