Fund Accounting Analyst – Net Asset Value (NAV)

Job Description

Analyst, Institutional Fund Accounting | Northern Trust

The Tone:
This is an entry-level, full-time role at Northern Trust, a global leader in wealth management, asset servicing, asset management, and banking services with over 135 years of financial experience and 24,000 partners. The company is guided by Principles That Endure: Service, Expertise, and Integrity, which reflect the cornerstones of business conduct instilled in its employees and provided to clients and communities. This analyst position is critical for ensuring the accurate daily valuation of institutional funds, supporting large asset owner plans and contributing to the financial health of the world’s most sophisticated clients.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Omit, not stated
• Pay: $41040–$61560 yearly
• Team: Works under direct supervision
• Mission: Responsible for evaluating, analyzing, and reconciling mutual funds and separately managed funds to determine the Net Asset Value (NAV) daily for institutional clients.
• Tech Stack: Microsoft Excel, Microsoft Power Suites

What You’ll Actually Do
• Determine: Net Asset Value (NAV) for defined contribution and defined benefit plans on a daily basis.
• Evaluate: Funds including mutual, separately managed, commingled, and collective funds, often compared against a benchmark, for daily valuation.
• Analyze: The impact of investment manager trading activity, income postings, accruals, and corporate actions on portfolio returns and option market values.
• Audit: And resolve exceptions on assigned accounts, including cash, holdings reports, price variances, expenses, expense accruals, and investment account activity, within scheduled timeframes.
• Assist: In the timely preparation of monthly and annual reports and financial statements, including annual 5500 reporting, in accordance with generally accepted accounting principles and performance standards.

The Must-Haves
• Background: Entry-Level. Bachelor’s degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting. Basic knowledge of accounting, finance, and securities.
• Experience: Prior related experience in a business context, typically obtained through relevant coursework.
• Skills: Analytical skills, organizational skills, attention to detail, multi-tasking skills, ability to absorb information quickly, and capacity to work in a fast-paced environment while meeting deadlines and maintaining accuracy.
• Bonus: Strong Excel skills and usage of Microsoft Power suites.