Analyst, Fund Admin IPS
About The Position
The Analyst, Fund Admin IPS supports fund administration and Financial Control activities. The role assists with periodic fund NAV and close packages, fund accounting and financial reporting, maintaining and closing fund books and records, and preparing supporting information for year-end financial statements and external audits. The analyst investigates routine differences and exceptions with guidance, responds to routine inquiries, and works with Financial Control and other fund administration teams to understand fund activity and resolve accounting and reporting questions. The position also supports new fund launches and conversions, develops knowledge of fund structures and investment products, and contributes to projects and process-improvement efforts. The role uses technology and reporting tools to complete assigned responsibilities accurately and on time. Northern Trust describes its work culture as flexible and collaborative, with opportunities for internal movement and access to senior leaders. The company emphasizes an inclusive workplace and community involvement. Applicants must be authorized to work in the United States without current or future employment-based visa sponsorship.
Requirements
- 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.
- Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.
Nice To Haves
- Bachelor's degree in Accounting, Finance, Business, Economics, or a related field is preferred.
- Internship, co-op, coursework, or other exposure to accounting, finance, investment management, or financial services is beneficial.
- Progress toward or interest in relevant professional qualifications may be beneficial but is not required.
Responsibilities
- Assist with 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 maintaining and periodically closing fund books and records.
- Prepare and analyze supporting financial information and investigate differences or exceptions with guidance from experienced team members.
- Assist with preparing year-end financial statements and related supporting schedules.
- Provide information and documentation for 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 for 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 Financial Control process efficiency.
- Use available technology and reporting tools to complete assigned responsibilities accurately and on time.
Benefits
- Retirement benefits, including 401(k) and pension
- Health and welfare benefits, including medical, dental, vision, spending accounts, and disability
- Paid time off
- Parental and caregiver leave
- Life and accident insurance
- Other voluntary and well-being benefits
- Discretionary bonus program that may include an equity component
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
