Accountant, Fund Accounting

3 weeks ago

Chicago, Illinois, United States Northern Trust Full time

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 world's 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 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Major Duties:

  1. Carries out relatively complex, extensive, high-profile activities e.g. direct interaction with committees and more senior management.

Primary Duties:

  • Calculate and deliver timely and accurate net asset values on complex fund structures. Maintain the books and records for Funds' assets in accordance with U.S. GAAP.
  • Ensure all fund transactions are properly recorded to accounting system
  • Run daily valuation audits
  • Investigate and resolve cash/position exceptions and tolerance breaches
  • Apply accounting and finance principals to numerous investment instruments
  • Evaluate income and expense accruals
  • Deliver valuation reports to client
  • Possess solid knowledge base on how corporate actions affect the Fund's balance sheet.
  • Multitask in a fast-paced environment
  • Prepares monthly reconciliation reports and semi-annual SEC filings, where applicable
  • Assists in the creation and implementation of new procedures/controls to improve performance and increase departmental efficiency.
  • Mentors and trains fund accountants new to the practice.
  • Technically competent to act as first point of reference for day-to-day queries and serves as a liaison to related areas.

Knowledge & Skills Require:

  • Demonstrates excellent analytical, consultative, communication and judgment skills
  • Demonstrates a strong attention to detail
  • Ability to handle day-to-day work challenges confidently, as well as adjust to multiple demands, shifting priorities and rapid change.
  • In depth knowledge of an accounting platform utilized to calculate the NAV of various investment strategies. Preferred knowledge of the SunGard Invest One system.
  • Displays conceptual understanding of investment instruments including, equites, fixed income, options, futures, OTC Swaps
  • Ability to work independently or as part of a team.
  • Solid written and verbal communications skills; ability to communicate effectively with peers and management.
  • Proficiency in Microsoft Excel, MS Word and other relevant department software.

Qualifications:

  • Bachelor's degree in finance or accounting (or related field)
  • 1-3 years of previous Fund Administration experience preferred

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.

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 sustainable companies Build your career with us and apply today.

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 you're 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.

For further information, and to apply, please visit our website via the "Apply" button below.

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