IPS Analyst in Fund Administration – 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. without visa sponsorship. Northern Trust is a global leader in innovative wealth management, asset servicing, asset management, and banking services, guiding successful individuals, families, corporations, and institutions since 1889 with over 135 years of financial experience and a commitment to Service, Expertise, and Integrity. This role supports a high-profile hedge fund client within Northern Trust Hedge Fund Services, offering recent graduates a vital opportunity to learn how fund accounting, financial reporting, and client support operate in a real-world business setting.

The TL;DR
• Role: Early Career
• Location: U.S. without visa sponsorship
• Pay: $48000–$72000 yearly
• Team: Integrated Portfolio Services (IPS) group, dedicated client team supporting a high-profile hedge fund client within Northern Trust Hedge Fund Services.
• Mission: To support core fund administration and financial reporting activities for a high-profile hedge fund client, designed for recent graduates to build foundational skills in monthly NAV close, investor accounting, reconciliations, and financial reporting.
• Tech Stack: Microsoft Excel, subledger, ERP, investor accounting platforms

What You’ll Actually Do
• Fund NAV Close: Help prepare monthly fund NAV close support, business entity close schedules, and related materials for review, contributing to the timely completion of crucial financial cycles.
• Financial Data Management: Gather, check, and meticulously organize financial data that is shared with clients and investors, ensuring accuracy and readiness for reporting.
• Accounting Process Support: Support the comprehensive monthly close process by preparing journal entries, various schedules, and detailed reconciliations with specific guidance from experienced team members.
• Reporting & Audit Assistance: Assist with the preparation of financial statements and all supporting schedules for funds, and actively prepare audit support materials to respond to auditor requests.
• Continuous Improvement & Learning: Complete assigned tasks to meet deadlines, raise questions or issues when support is needed, and contribute ideas to help improve how the team works and delivers for clients, while building technical knowledge.

The Must-Haves
• Background: Entry-Level. Bachelor’s degree in Accounting, Finance, or a related field. Basic understanding of accounting principles, including debits, credits, and financial statements.
• Experience: Relevant work experience is preferred; recent graduates with pertinent coursework or internship experience in accounting or finance may be considered.
• Skills: Strong attention to detail and organizational skills, clear written and verbal communication, ability to follow established procedures, manage priorities, and meet deadlines, proficiency in Microsoft Excel, interest in learning financial systems, such as subledger, ERP, or investor accounting platforms.
• Bonus: Motivation to learn, ask questions, and contribute in a collaborative, team-based environment.