Analyst, Institut Fund Acctg

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 worlds 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 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.

The Unitized Valuation and Reporting Services (UVRS) department is a growth department within the Northern Trust Global Fund Services Practice which values over a trillion dollars of assets daily. The UVRS group provides daily NAVs and/or Market Value of Clients Defined Contribution Defined Benefit and other large Institutional clients accounting addition UVRS provides annual reporting statements to clients and their auditors.

Summary of Role:

The Institutional Fund Accounting Analyst works on daily valued accounts to ensure the accuracy and timeliness of the Clients Daily NAVs and Annual reporting. The Analyst is an entry level position which provides further career opportunities within the practice and other areas within Northern Trust.

Major Duties :1. Determine Net Asset Value (NAV) for defined contribution plans on a daily basis.

2. Evaluate and reconcile funds including mutual benchmark commingled and collective for production of client month-end reports for daily valuation.

3. Analyze the impact of transactions income positions accruals and corporate actions on the portfolio investment options.

4. Audit and resolve exceptions on assigned accounts according to procedures and within scheduled timeframes.

5. Assist in the timely preparation of reports and financial statements in accordance with generally accepted accounting principles and performance standards.

6. Record and respond to partner and client inquiries resolving exceptions related to accounts.

7. Value funds on a daily weekly or monthly basis.

8. Provide client portfolio and 5500 reporting.

9. Expected to use some initiative but refer more complex problems to supervisors/experts

Knowledge :Basic knowledge of accounting finance and securities usually obtained through business related coursework and/or prior related experience.
Analytical skills and organizational skills are required to research and resolve inquiries within scheduled timeframes to meet client deadlines.

Attention to detail and multi-tasking skills are required to value the funds in a timely and accurate manner. Ability to absorb information quickly work in a fast paced environment and meet deadlines while maintaining accuracy is critical.

Strong Excel skills and usage of a Macro/Access is a plus.

Experience :Bachelors degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting. New grads with a Business degree may be considered

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension) health and welfare benefits (medical dental vision spending accounts and disability) paid time off parental and caregiver leave life & accident insurance and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

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.

Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply today.#MadeForGreater

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 .

We hope youre 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.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.