CAREERS

Fund Accounting, Accountant

📁
Accounting Portfolio / Fund
📅
97932 Requisition #

About Northern Trust: 

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

Global Fund Services (GFS) is a full-service provider of fund solutions to investment manager and fund company clients around the world.  North America GFS Operations provides Fund Accounting and Administration, Custody Servicing, Investment Outsourcing Operations, Transfer Agency, and Investor Servicing.  Our expert team of 900 partners across North America are solutions-oriented, innovative, and passionate about servicing clients and helping them execute their business strategies.  We commit ourselves to ensuring our partners reach their full potential.

This is a second level position in department with great career path opportunities within Northern Trust which lead candidate to technical or management career path.  Candidate should be willing to learn and adapt to change, have the ability to work in a team environment, and have a basic conceptual understanding of the financial markets. Analytical skills and Organizational skills are required to research and resolve inquiries.  Attention to detail and multiple tasking skills are required to value the funds in a timely and accurate manner. Ability to work in a fast paced environment to meet deadlines while maintaining accuracy for the clients.

Major Duties

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.

  • Determine Net Asset Value (NAVs) for defined contribution or defined benefit 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 portfolio statements in accordance with generally accepted accounting principles and performance standards.
  • Record and respond to partner and client inquiries resolving exceptions related to accounts.
  • Serve as a resource to clients, partners, and members of the team for clarity, understanding, and information regarding your relationships.
  • Utilize knowledge of client needs and business operations to assist with special requests of clients or other partner areas.
  • Assist in training and/or mentoring the newer associates
  • Play a role in plan changes or transitions for assigned clients. 
  • Ability to be part of division wide initiatives

#LI-Hybrid

 

  • Bachelor’s degree in Finance/Accounting/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.

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’d love to learn more about how your interests and experience could be a fit with one of America’s best banks and most sustainable 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.

Equal Employment Opportunity Statements
  • APAC/India EEO Statement
    • 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.

  • Canada EEO Statement
    • Canada EEO STATEMENT

      Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

  • EMEA EEO Statement
    • EMEA 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.

  • USA EEO Statement
    • USA EEO STATEMENT

      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