Analyst, Institut Fund Acctg

Northern Trust • Tempe, AZ

3d

About The Position

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. 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 group provides daily NAVs and/or Market Value of Client’s Defined Contribution, Defined Benefit, and other large Institutional clients accounting portfolios. In addition, UVRS provides annual reporting statements to clients and their auditors. Summary of Role: The Institutional Fund Accounting Analyst works on daily valued accounts to ensure the accuracy and timeliness of the Client’s Daily NAVs and Annual reporting. The Analyst is an entry level position which provides further career opportunities within the practice and other areas within Northern Trust. Major Duties :1. Determine Net Asset Value (NAV) for defined contribution plans on a daily basis. 2. Evaluate and reconcile funds including mutual, benchmark, commingled, and collective for production of client month-end reports for daily valuation. 3. Analyze the impact of transactions, income positions, accruals, and corporate actions on the portfolio investment options. 4. Audit and resolve exceptions on assigned accounts according to procedures and within scheduled timeframes. 5. Assist in the timely preparation of reports and financial statements in accordance with generally accepted accounting principles and performance standards. 6. Record and respond to partner and client inquiries resolving exceptions related to accounts. 7. Value funds on a daily, weekly, or monthly basis. 8. Provide client portfolio and 5500 reporting. 9. Expected to use some initiative but refer more complex problems to supervisors/experts Knowledge :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. Strong Excel skills and usage of a Macro/Access is a plus. Experience :Bachelor’s degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting. New grads with a Business degree may be considered Salary Range: $41,040 - 61,560 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. 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. #MadeForGreater 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 [email protected]. 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. Looking for greater? You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies. Terms and Conditions Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information. APAC/INDIA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development. Canada EEO STATEMENT Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance. EMEA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development. USA EEO STATEMENT It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.)

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.
• Strong Excel skills and usage of a Macro/Access is a plus.
• Bachelor’s degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting.
• New grads with a Business degree may be considered

Nice To Haves

• Strong Excel skills and usage of a Macro/Access is a plus.

Responsibilities

• Determine Net Asset Value (NAV) for defined contribution plans on a daily basis.
• Evaluate and reconcile funds including mutual, benchmark, commingled, and collective for production of client month-end reports 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 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, weekly, or monthly basis.
• Provide client portfolio and 5500 reporting.
• Expected to use some initiative but refer more complex problems to supervisors/experts

Benefits

• 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.
• 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!

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level