Entry-Level Opportunities and Student Programs in North America
Entry Level Careers and Internships 2021 – Accounting and Finance
We are currently recruiting for Interns and Full Time entry level positions in Accounting in Tempe and Chicago. At Northern Trust we have a wide variety of Accounting opportunities including Audit, Fund Accounting, Financial Reporting and Financial Control roles. Opportunities in our Accounting businesses may be in one of the following business units.
Northern Trust offers comprehensive asset servicing solutions for alternative assets such as private equity, real estate, infrastructure, hedge funds, and alternative finance. As this asset class has grown exponentially in recent years, Northern Trust has committed significant capital resources and personnel toward building proprietary systems that help our clients effectively manage these complex and paper-sensitive instruments through a dedicated Alternative Investments Operations Team of over 300 individuals worldwide, Portfolio Accounting Analysts assigned to each account, Trade Order Entry allowing clients to communicate investment directives electronically, and Private Monitor service that provides advanced reporting and analytics solutions.
Northern Trust maintains an internal audit staff (known as Audit Services) who are financial, operational, risk, compliance, and information technology (IT) specialists located globally. Audit Services uses a risk-based methodology to arrive at a rolling 12-month plan based on an assessment of inherent risk and an evaluation of controls in order to arrive at residual risk. A rated report is issued for all audits performed, and the results are shared with senior management and relevant internal governance committee(s), as well as with the Audit Committee. Audit Services monitors the closure of issues reported and performs follow-up work using a risk-based approach. Audit Services performs continuous monitoring of all business units, resulting in a quarterly assessment of the annual audit plan, which may result in audits being added/deleted dependent on the risk assessment.
Asset Servicing is one of the fastest-growing business lines within Northern Trust and remains a top strategic priority. Our medium and long-term growth plans include a significant emphasis on growing our clients and our capabilities globally, while providing a variety of financial reporting and fund accounting services.
Northern Trust provides clients an extensive suite of fund accounting services that leverage our history as a leading global custodian and asset servicer, and deliver both on scale and flexibility in assisting our clients with meeting their accounting requirements. Some of our services and capabilities include: Investment Transactions, Reconciliations, Expense Accruals and Payments, Supporting Income Accruals and Payments, Security Valuation, Control Center, Transfer Agency Interaction, and Net Asset Valuation.
Our dedicated client team who performs monthly net asset value calculations also leads financial statement preparation. Our financial reporting model is designed to meet the business needs of clients throughout the year and at peak times. The offering consists of annual audited financial statements, quarterly or semiannual audited financial statements, counterparty exposure reporting, and local jurisdictional reporting.