Analyst, Institutional Fund Accounting (Entry Level)

The Unitized Valuation and Reporting Services (UVRS) division determines Net Asset Values (NAVs) for Defined Contribution plans such as 401(k) plans and Defined Benefit plans on a daily basis. The group consists of large corporate or public fund client’s with portfolios containing equities, mutual funds, derivatives and/or fixed income securities to create the daily valuation NAVs. In addition, UVRS produces Annual client reporting statements as well as 5500’s supplement or GASB reporting to clients.

Knowledge/Skills

This is an entry-level position with great career path opportunities. The analyst 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

Work as part of a team to meet client expectations by auditing and providing the daily Net Asset Value, monthly and annual client portfolio reporting.

• Determine Net Asset Value (NAVs) for defined contribution or defined benefit plans on a daily basis.
• Evaluate and reconcile financial instruments including mutual funds, equities, fixed income and derivatives for production of client daily and monthly reporting needs.
• Analyze the impact of transactions, income positions, accruals, and corporate actions on the investment options.
• Audit and resolve exceptions on assigned accounts according to procedures and within scheduled timeframes.
• Assist in the timely preparation of portfolio statements in accordance with GAAP and performance standards.
• Record and respond to partner and client inquiries related to accounts on their desk
• Be able to work in a team environment and assist other associates where needed.

• Bachelor’s degree in Business/Finance/Accounting preferred or relevant work experience in Institutional Fund Accounting or Mutual Fund Accounting.
• Microsoft Office and/or Outlook skills a plus.
• Experience in FIS Accounting Applications a plus.
• Work Schedule are generally 10:30 am to 7:00 pm CST and will vary depending on time zones.

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.   

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, 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.

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.

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.

Talk to us about your flexible working requirements and together we can achieve greater.

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