Associate Accountant, Fund Accounting

Northern Trust

. Prepare and maintain daily, weekly, and monthly fund accounting records .

Posted 10/13/2026full-timeUnited StatesJuniorMid-Level💰 $43,200 - $64,800 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in fund accounting, including the preparation and maintenance of accounting records, calculation of Net Asset Values (NAVs), and reconciliation of balance sheet accounts. Proficient in Microsoft Excel and knowledgeable about various investment vehicles, ensuring adherence to internal controls and process improvement initiatives.

Highest-signal resume keywords

Fund AccountingNet Asset Value CalculationReconciliationMicrosoft Excel ProficiencyInvestment Vehicle Knowledge

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Fund AccountingNet Asset Value CalculationReconciliationInvestment Transaction ProcessingFinancial Analysis

Soft Skills

Analytical SkillsProblem-Solving SkillsAttention to DetailCommunication SkillsTeamwork Skills

Industry Keywords

Mutual FundsHedge FundsPrivate Equity FundsInternal ControlsOperational Risk

About the role

Key responsibilities & impact

Prepare and maintain daily, weekly, and monthly fund accounting records
Assist in calculating and verifying Net Asset Values (NAVs) for investment funds
Reconcile cash, securities, and other balance sheet accounts
Monitor and resolve accounting breaks and reconciliation discrepancies
Process and review investment transactions, including purchases, sales, income, and corporate actions
Ensure adherence to internal controls, policies, and operating procedures
Participate in process improvement initiatives to enhance efficiency and reduce operational risk

Requirements

What you’ll need

Bachelor's degree in Accounting, Finance, Business, or a related field
Strong analytical and problem-solving skills
High attention to detail and accuracy
Proficiency in Microsoft Excel
Strong communication and teamwork skills
Prior internship or accounting/finance experience is a plus
Knowledge of mutual funds, hedge funds, private equity funds, or other investment vehicles
Ability to work well both independently and as a team
Effective written and verbal communication skills
Adaptability in a fast-paced, deadline-driven environment
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future

Benefits

Comp & perks

Retirement benefits (401k and pension)
Health and welfare benefits (medical, dental, vision, spending accounts and disability)
Paid time off
Parental and caregiver leave
Life and accident insurance
Other voluntary and well-being benefits
Discretionary bonus program that may include an equity component
Flexible and collaborative work culture
Movement within the organization is encouraged
Accessible senior leaders
Inclusive workplace
Philanthropy and community involvement opportunities
Reasonable accommodation for individuals with health conditions and disabilities