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Northern Trust
Northern Trust
H1B Visa SponsorConsultingInsuranceLogistics
Northern Trust is a financial services company serving family offices, financial advisors, corporations, and nonprofits. Its work spans integrated trading solutions, research, economic insights, and support for fund operations, with services shaped around the needs of different financial organizations. Founded in 1889, the company combines industry expertise with a focus on client service, engagement, and integrity.
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Institutional Fund Accounting Analyst - Chicago Onsite

Northern Trust is seeking a fund accounting analyst to value and reconcile retirement plan investments in an onsite Chicago role. Responsibilities include daily NAV calculations, exception resolution, and client reporting.

USUnited StatesILIllinois
$43,200 – $64,800 / year
On-siteFull-timeMiddleSeniorEnglish RequiredAccounting Manager

Description

  • Calculate daily Net Asset Value (NAV) for defined contribution and defined benefit plans
  • Evaluate and reconcile mutual, separately managed, commingled, and collective funds, often against benchmarks, for daily valuation
  • Assess how transactions, income positions, accruals, and corporate actions affect portfolio investment options
  • Audit and resolve exceptions for assigned accounts in line with procedures and established deadlines
  • Support the timely preparation of monthly and annual reports and financial statements under generally accepted accounting principles and performance standards
  • Document and address partner and client inquiries while resolving account-related exceptions
  • Perform daily fund valuations
  • Prepare annual client portfolio and Form 5500 reports
  • Work independently and escalate complex issues to supervisors or subject-matter experts

Requirements

  • Basic knowledge of accounting, finance, and securities gained through business coursework or related experience
  • Analytical and organizational ability to research and resolve inquiries within set timelines and meet client deadlines
  • Strong attention to detail with the ability to manage multiple tasks
  • Ability to learn quickly, perform accurately in a fast-paced environment, and meet deadlines
  • Strong Excel skills; familiarity with Microsoft Power suite applications is advantageous
  • Bachelor’s degree in Business preferred, or relevant experience in fund accounting or mutual fund accounting
  • Must be authorized to work in the United States without current or future employment-based visa sponsorship

Benefits

  • Retirement benefits, including a 401(k) and pension
  • Health and welfare coverage, including medical, dental, vision, spending accounts, and disability benefits
  • Paid time off
  • Parental and caregiver leave
  • Life and accident insurance
  • Additional voluntary and well-being benefits
  • Discretionary bonus program that may include an equity component
  • Flexible, collaborative work environment
  • Opportunities for internal mobility
  • Access to senior leaders
  • Inclusive workplace
  • Philanthropy and community service opportunities
  • Reasonable accommodation for individuals with health conditions and disabilities

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