CAREERS

Accountant, Fund Accounting

📁
Accounting Portfolio / Fund
📅
82965 Requisition #

Summary:

              

Under direct supervision responsible evaluating, analyzing and reconciling mutual funds and separately managed funds to determine the Net Asset Value (NAV) on a daily basis and for the production of client month-end reports.

 

Responsibilities:

 

  • The accountant will assess the impact of investment manager trading activity on the investment portfolio returns and option market values and will also audit income postings, accruals, and corporate actions all within scheduled time frames.
  • The accountant will be responsible for performing exception resolutions of cash, holdings reports and price variances and also any activity in the investment accounts.
  • Determine Net Asset Value (NAV) for defined contribution plans on a daily basis.
  • Evaluate and reconcile funds including mutual, benchmark, commingled, and collective for production of client month-end reports for daily valuation.
  • Analyze the impact of transactions, income positions, accruals, and corporate actions on the portfolio investment options.
  • Audit and resolve exceptions on assigned accounts according to procedures and within scheduled timeframes.
  • Assist in the timely preparation of reports and financial statements in accordance with generally accepted accounting principles and performance standards.
  • Record and respond to partner and client inquiries resolving exceptions related to accounts.
  • Value funds on a daily, weekly, or monthly basis.
  • Provide client portfolio and 5500 reporting.
  • Expected to use some initiative but refer more complex problems to supervisors/experts.

Skills and Experience:

 

  • Bachelor’s degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting.
  • 1-2 years of experience in Fund or Mutual Fund Accounting.
  • 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.

 

 

About Northern Trust:

Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Working with Us:

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!                

We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018.

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 ethical companies. Build your career with us and apply today.

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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), 1800-425-0333 (India), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

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    • APAC/INDIA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

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    • EMEA EEO STATEMENT

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      It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.)EEO is Law Poster Supplement