Fund Accounting, Associate Accountant (Entry Level)

Chicago, IL, US
16 Aug 2022
30 Aug 2022
Contract type
Full time
Experience level
Entry level, Graduate scheme

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 Business/Finance/Accounting preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting. 
  • Microsoft Office and/or Outlook skills a plus. 
  • Experience in FIS Accounting Applications a plus.

About Northern Trust: 

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:

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.

Working with Us: 

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. 

Additional Information

  • Campus: Early Career
  • Campus Cycle: 2021-22

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

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