Analyst, Fund Admin IPS

About Northern Trust

Global leader in innovative wealth management, asset servicing, asset management and banking services.

Key Responsibilities

• Assist with the preparation of periodic fund NAV and close packages, including supporting schedules and reconciliations.
• Perform assigned fund accounting and financial reporting activities in accordance with established procedures and controls.
• Assist with the maintenance and periodic closing of fund books and records.
• Prepare and analyze supporting financial information and investigate differences or exceptions with guidance from more experienced team members.
• Assist with the preparation of year-end financial statements and related supporting schedules.
• Provide information and documentation to support external audit requests.
• Work with Financial Control and other fund administration teams to understand fund activity and resolve routine accounting and reporting questions.
• Assist with Financial Control activities associated with new fund launches and conversions.
• Develop an understanding of fund structures, investment products, accounting policies, and client-specific reporting requirements.
• Respond to routine internal and client inquiries with appropriate guidance and escalate more complex matters when necessary.
• Participate in team projects, process-improvement initiatives, and efforts to improve the efficiency of Financial Control processes.
• Use available technology and reporting tools to support accurate and timely completion of assigned responsibilities.

Requirements & Tech Stack

• Foundational understanding of accounting principles.
• Strong analytical and problem-solving skills.
• Strong attention to detail and commitment to accuracy.
• Good written and verbal communication skills.
• Ability to organize work and manage multiple assignments and deadlines.
• Ability to work effectively in a team environment.
• Willingness to learn investment products, fund accounting concepts, and financial reporting requirements.
• Proficiency with Microsoft Excel and other Microsoft Office applications.
• Ability to follow established procedures and appropriately escalate questions or exceptions.

Qualifications

• Bachelor's degree in Accounting, Finance, Business, Economics, or a related field preferred.
• Prior professional fund accounting experience is not required.
• Internship, co-op, coursework, or other exposure to accounting, finance, investment management, or financial services is beneficial.
• Relevant progress toward or interest in professional qualifications may be beneficial but is not required.

Salary Range

$48,000 - $72,000 USD

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity.