IPS Analyst in Fund Administration – Fund Administration

Job Description

Analyst, Fund Administration, Omnium Services | Northern Trust

The Tone:
This is an early career position at Northern Trust, a global leader in wealth management, asset servicing, asset management, and banking services, guiding successful individuals, families, corporations, and institutions. With more than 135 years of financial experience and over 24,000 partners, Northern Trust serves sophisticated clients globally, upholding principles of Service, Expertise, and Integrity. This role offers a supportive environment to learn and grow, providing hands-on exposure to hedge fund accounting, financial reporting, and client support within a high-profile client team. It is designed for recent graduates to build foundational skills in fund administration and offers a path for future career growth within the company.

The TL;DR
• Role: Early Career
• Pay: $48000–$72000 yearly
• Team: Integrated Portfolio Services (IPS) group, specifically within Fund Administration, supporting a high-profile hedge fund client in Northern Trust Hedge Fund Services.
• Mission: Support core fund administration and financial reporting activities for a high-profile hedge fund client while building foundational skills.
• Tech Stack: Subledger, ERP, investor accounting platforms

What You’ll Actually Do
• Prepare: Help prepare monthly fund NAV close support, business entity close schedules, and related materials for review.
• Organize: Gather, check, and organize financial data that is shared with clients and investors.
• Support: Support the monthly close process by preparing journal entries, schedules, and reconciliations with guidance from senior team members.
• Assist: Assist with financial statements, supporting schedules for funds, and audit support materials while responding to auditor requests.
• Improve: Contribute ideas that help improve how the team works and delivers for clients.

The Must-Haves
• Background: Entry-level professional with a Bachelor’s degree in Accounting, Finance, or a related field, possessing a basic understanding of accounting principles.
• Experience: Open to recent graduates with relevant coursework or internship experience.
• Skills: Strong attention to detail, organizational skills, clear written and verbal communication skills, ability to follow established procedures, manage priorities, and meet deadlines, proficiency in Microsoft Excel.
• Bonus: Relevant full-time work experience, interest in learning financial systems (such as subledger, ERP, or investor accounting platforms), motivation to learn, ask questions, and contribute in a collaborative team-based environment.