ACCA Careers
Overview
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 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.
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.
Expected to use some initiative but refer more complex problems to supervisors/experts.
Maintain basic knowledge of accounting, finance and securities, usually obtained through business related coursework and/or prior related experience.
Demonstrate analytical and organizational skills to research and resolve inquiries within scheduled timeframes to meet client deadlines.
Show attention to detail and multi-tasking skills to value the funds in a timely and accurate manner.
Absorb information quickly, work in a fast-paced environment and meet deadlines while maintaining accuracy.
Strong Excel skills; 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.
Working With Us As a Northern Trust partner, you will be part of a flexible and collaborative work culture in an organization where financial strength and stability enables exploration of 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 would love to learn 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.
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 MyHRHelp@ntrs.com.
How to apply For further information, and to apply, please visit our website via the “Apply” button below.
Additional information We value an inclusive workplace and understand flexibility means different things to different people.
#J-18808-Ljbffr
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 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.
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.
Expected to use some initiative but refer more complex problems to supervisors/experts.
Maintain basic knowledge of accounting, finance and securities, usually obtained through business related coursework and/or prior related experience.
Demonstrate analytical and organizational skills to research and resolve inquiries within scheduled timeframes to meet client deadlines.
Show attention to detail and multi-tasking skills to value the funds in a timely and accurate manner.
Absorb information quickly, work in a fast-paced environment and meet deadlines while maintaining accuracy.
Strong Excel skills; 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.
Working With Us As a Northern Trust partner, you will be part of a flexible and collaborative work culture in an organization where financial strength and stability enables exploration of 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 would love to learn 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.
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 MyHRHelp@ntrs.com.
How to apply For further information, and to apply, please visit our website via the “Apply” button below.
Additional information We value an inclusive workplace and understand flexibility means different things to different people.
#J-18808-Ljbffr