Analyst, Fund Admin IPS

Northern Trust•Chicago, IL

3d•$48,000 - $72,000

About The Position

The Analyst, Fund Admin IPS supports Financial Control and fund administration activities, including fund accounting, financial reporting, fund book maintenance, and periodic NAV and close processes. The role prepares and reviews financial information, investigates routine exceptions, supports year-end financial statements and external audits, and helps with new fund launches and conversions. The analyst develops knowledge of fund structures, investment products, accounting policies, and client-specific reporting requirements while responding to routine inquiries and contributing to team and process-improvement initiatives. The position requires a foundational understanding of accounting, strong analytical and organizational skills, attention to detail, effective communication, and the ability to work collaboratively and follow established procedures. Proficiency with Microsoft Excel and other Microsoft Office applications is expected. Prior professional fund accounting experience is not required; a relevant degree is preferred, and internship, coursework, or other financial-services exposure is beneficial. Applicants must be authorized to work in the United States without current or future employment-based visa sponsorship. Northern Trust describes its work culture as flexible and collaborative, encourages internal movement, and emphasizes inclusion and community service.

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 employment-based visa sponsorship now or in the future.

Nice To Haves

Bachelor’s degree in Accounting, Finance, Business, Economics, or a related field 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.

Responsibilities

Assist with preparing periodic fund NAV and close packages, including supporting schedules and reconciliations.
Perform assigned fund accounting and financial reporting activities according to 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.
Assist with 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 understanding of fund structures, investment products, accounting policies, and client-specific reporting requirements.
Respond to routine internal and client inquiries with appropriate guidance, escalating complex matters when necessary.
Participate in team projects and process-improvement initiatives 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 benefits.
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.
Flexible and collaborative work culture.
Internal movement within the organization is encouraged.
Inclusive workplace and community-service opportunities.