Associate Accountant, Fund Accounting
Company: Northern Trust Asset Management
Posted on: March 25, 2020
The Unitized Valuation and Reporting Services (UVRS) division
determines Net Asset Values (NAV) for Defined Contribution plans
such as 401(k) plans, profit sharing plans and public funds on a
daily basis. Most of the group's clients are large corporate
relationships with portfolios containing equities, mutual funds,
derivatives and fixed income securities. In addition to analyzing
and auditing participant investment options, UVRS produces monthly
and annual portfolio statements as well as 5500 reporting to
clients and the Department of Labor.
The analyst position entails 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 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 and also any activity in the
Details you should know:
* Work Hours - 10:30 am to 7:00 pm CST with some overtime.
* Holiday Schedule - Follows the US Stock Market schedule.
* Vacation Policy - Business needs restrict vacation time for the
first few business days of each month and all of January.
Basic knowledge of accounting, finance and securities, usually
obtained through business related coursework and/or prior related
Analytical skills and organizational skills are required to
research and resolve inquiries within scheduled timeframes to meet
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.
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.
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. Strong Excel skills and usage of
a Macro/Access is a plus.
About Northern Trust:
Northern Trust provides innovative financial services and guidance
to corporations, institutions and affluent families and individuals
globally. With 130 years of financial experience and nearly 20,000
partners, we serve the world's most sophisticated clients using
leading technology and exceptional service.
Working with Us:
As a Northern Trust partner, you will be part of a flexible and
collaborative work culture, which has a strong history of financial
strength and stability. Movement within the organization is
encouraged, senior leaders are accessible, and you can take pride
in working for a company that is committed to strengthening the
communities we serve!
We recognize the value of inclusion and diversity in culture, in
thought, and in experience, which is why Forbes ranked us the top
employer for Diversity in 2018.
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 ethical
companies. Build your career with us and apply today.
Keywords: Northern Trust Asset Management, Tempe , Associate Accountant, Fund Accounting, Accounting, Auditing , Tempe, Arizona
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