Analyst, Fund Admin IPS

Major Duties and 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.

Knowledge and Skills

• 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.

Education and Experience

• 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

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.

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 (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

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 committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.