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Associate Accountant - Fund Accounting at Northern Trust

Posted in General Business 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Tempe, Arizona

Job Description:


The Fund Accounting team is a division of Northern Trust's GFS Fund Administration. The team is responsible for delivering daily valuation, accounting and administration services to Northern Trust's Global Fund Services clients. In this role, you will be responsible for working with individuals across multiple departments to ensure that our client's mutual funds are properly valued given any trading or capital activity that occurs within the fund.

Primary Responsibilities

•Calculate and deliver timely and accurate net asset values on complex fund structures.

•Ensure all fund transactions are properly recorded to accounting system

•Run daily valuation audits

•Research and resolve cash and security reconciliations to custodian bank using Bloomberg and other resources

•Investigate and resolve cash/position exceptions and tolerance breaches

•Apply accounting and finance principals to numerous investment instruments

•Evaluate income and expense accruals

•Deliver valuation reports to client

•Successful candidates can work independently and as a part of a team with professionals from all levels

•Multi task in a fast paced environment

•First point of reference for day-to-day queries, and serves as a liaison to related areas including tax and audit

Required Knowledge/Skills

•Demonstrates excellent analytical, consultative, communication and judgment skills

•Demonstrates a strong attention to detail

•Ability to prioritize tasks, work on multiple projects and complete work in fast paced deadline driven environment.

•Must understand accounting and financial principals

•Highly motivated and a self-starter

•Display flexibility in dealing with change

•Proficiency in Microsoft Excel

Preferred Knowledge/Skills

•Displays conceptual understanding of investment instruments including, equites, fixed income, options, futures, OTC Swaps


A Bachelor's degree in Finance or Accounting (or related field)

About Northern Trust

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world's most-sophisticated clients - from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

As of March 31,2019, Northern Trust Corporation had:

$10.9 trillion in assets under custody/administration

$8.2 trillion in assets under custody

$1.2 trillion in assets under management

$122 billion in banking assets