Analyst, Institutional Fund Accounting
The Analyst, Institutional Fund Accounting at Confidential Client is responsible for daily valuation and reconciliation of mutual and separately managed funds, primarily for large Defined Contribution and Defined Benefit plans. The role involves calculating Net Asset Value (NAV), auditing transactions and corporate actions, resolving exceptions, and assisting in the preparation of client financial reports, ensuring accuracy and timeliness under supervision in a fast-paced environment.
About Careertakes
👉 Important disclosure: Careertakes is a third-party recruiting platform supporting this hiring process. If selected, you will be employed directly by our client, Financial Services (wealth management, asset servicing, asset management and banking).
Applicants for this role may also receive access to additional matched opportunities through the Careertakes platform.
What You’ll Do
You will work as an entry-level analyst on institutional fund accounting under direct supervision. Day-to-day responsibilities include:
- Determine Net Asset Value (NAV) for defined contribution and defined benefit plans on a daily basis.
- Evaluate and reconcile mutual funds, separately managed accounts, commingled and collective funds for daily valuation and reporting.
- Analyze the impact of transactions, income positions, accruals, and corporate actions on investment options and portfolio returns.
- Audit and resolve exceptions related to cash, holdings, price variances, expenses and accruals within required timeframes.
- Assist in preparation of monthly and annual client reports and financial statements in accordance with GAAP and performance standards.
- Respond to partner and client inquiries; record and resolve account exceptions.
- Provide annual client portfolio and Form 5500 reporting support.
- Escalate complex or unusual issues to supervisors and subject-matter experts.
What We’re Looking For
The ideal candidate will demonstrate:
- Basic knowledge of accounting, finance and securities, gained through coursework or related experience.
- Strong analytical and organizational skills; ability to research and resolve issues on schedule.
- Attention to detail and ability to multi-task in a fast-paced environment.
- Ability to learn quickly and maintain accuracy under deadlines.
- Strong Microsoft Excel skills; familiarity with Microsoft Office (PowerPoint, Word) is a plus.
- Bachelor’s degree in Business or related field preferred, or equivalent experience in Fund or Mutual Fund Accounting.
- Excellent communication skills and a client-service mindset.
Compensation & Benefits
- Employment type: Full time
- Salary range (good-faith estimate): $43,200 - $64,800 USD per year.
- Benefits (typical for this industry): retirement (401k and pension), health/dental/vision, flexible spending accounts, disability, paid time off, parental/caregiver leave, life & accident insurance, discretionary bonus programs and other voluntary/well-being benefits.
Work Authorization
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Our client will not sponsor applicants for U.S. work visas for this opportunity.
Equal Opportunity & Hiring Transparency
Careertakes and our client are Equal Opportunity Employers committed to building a diverse and inclusive workforce. We prohibit discrimination or harassment of any kind. To support a fair and efficient hiring process, AI tools may be used to assist with application review or resume screening. These tools do not replace human decision-making. Final hiring decisions are made by people.
If you have questions about how your data is used, please contact us directly.
Negotiate a higher salary! Check the salary ranges for this job type in your area.
View My Salary Range