IPS Analyst in Fund Administration

Job Description

Analyst, Fund Administration, Omnium Services | Northern Trust

The Tone:
This is an early career position at Northern Trust, located in the U.S. Northern Trust is a global leader with over 135 years of financial experience, providing innovative wealth management, asset servicing, asset management, and banking services to successful individuals, families, corporations, and institutions worldwide. This role is a great opportunity to learn how fund accounting, financial reporting, and client support operate in a real-world business setting, helping you build foundational skills in monthly NAV close, investor accounting, reconciliations, and financial reporting.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: U.S.
• Pay: $48000–$72000 yearly
• Team: Dedicated client team supporting a high-profile hedge fund client within Northern Trust Hedge Fund Services, part of the Integrated Portfolio Services (IPS) group.
• Mission: Support core fund administration and financial reporting activities for a high-profile hedge fund client.
• Tech Stack: Microsoft Excel, financial systems such as subledger, ERP, or investor accounting platforms.

What You’ll Actually Do
• Monthly Close Support: Help prepare monthly fund NAV close support, business entity close schedules, and related materials for review.
• Data Management: Gather, check, and organize financial data that is shared with clients and investors.
• Accounting Processes: Support the monthly close process by preparing journal entries, schedules, and reconciliations with guidance from senior team members.
• Reporting & Audit: Assist with financial statements and supporting schedules for funds, and prepare audit support materials while helping respond to auditor requests.
• Team Contribution: Complete assigned tasks, follow established processes, meet deadlines, and contribute ideas that help improve how the team works.

The Must-Haves
• Background: Bachelor’s degree in Accounting, Finance, or a related field required, with a basic understanding of accounting principles including debits, credits, and financial statements. This is an early career role designed for recent graduates.
• Experience: No specific years required; relevant work experience is preferred, and recent graduates with relevant coursework or internship experience may be considered.
• Skills: Proficiency in Microsoft Excel, strong attention to detail and the ability to stay organized, ability to follow established procedures and manage priorities, and clear written and verbal communication skills.
• Bonus: Interest in learning financial systems such as subledger, ERP, or investor accounting platforms, and motivation to learn and contribute in a collaborative, team-based environment.