Analyst, Institut Fund Acctg

Northern Trust•Tempe, AZ

3d•Onsite

About The Position

The Unitized Valuation and Reporting Services (UVRS) department is a growth department within the Northern Trust Global Fund Services Practice which values over a trillion dollars of assets daily. The UVRS teams provide daily Net Asst Values (NAVs) for Defined Contribution, Defined Benefit, and other large Institutional clients. In addition, UVRS provides annual reporting statements to clients and their auditors. Summary Entry level analyst position under direct supervision responsible for evaluating, analyzing and reconciling mutual funds and separately managed funds to determine the Net Asset Value (NAV) on a daily basis and for the production of client month-end reports. The analyst works on large asset owner plans, primarily large Defined Contribution (i.e. 401k) and Defined Benefit (Pension) ERISA plans. The analyst will assess the impact of investment manager trading activity on the investment portfolio returns and option market values and will also audit income postings, accruals, and corporate actions all within scheduled time frames. The analyst will be responsible for performing exception resolutions of cash, holdings reports and price variances, expenses and expense accruals, and also any activity in the investment accounts.

Requirements

Basic knowledge of accounting, finance and securities, usually obtained through business related coursework and/or prior related experience.
Analytical skills and organizational skills are required to research and resolve inquiries within scheduled timeframes to meet client deadlines.
Attention to detail and multi-tasking skills are required to value the funds in a timely and accurate manner.
Ability to absorb information quickly, work in a fast paced environment and meet deadlines while maintaining accuracy is critical.
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)

Nice To Haves

Strong Excel skills and usage of Microsoft Power suites is a plus.
Bachelor’s degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting.

Responsibilities

Determine Net Asset Value (NAV) for defined contribution and defined benefit plans on a daily basis.
Evaluate and reconcile funds including mutual, separately managed, commingled, and collective funds, often compared against a benchmark, for daily valuation.
Analyze the impact of transactions, income positions, accruals, and corporate actions on the portfolio investment options.
Audit and resolve exceptions on assigned accounts according to procedures and within scheduled timeframes.
Assist in the timely preparation of monthly and annual reports and financial statements in accordance with generally accepted accounting principles and performance standards.
Record and respond to partner and client inquiries resolving exceptions related to accounts.
Value funds on a daily basis.
Provide client portfolio and 5500 reporting on an annual basis.