Fund Accountant Jobs in Illinois
Fund Accountant jobs in Illinois are consistently active, with demand concentrated in private equity fund administration, hedge fund operations, and institutional asset management, drawing on Illinois's deep financial services infrastructure for roles at every level from junior associate through senior fund accountant. Chicago anchors the market, joined by suburban hubs like Rosemont and Downers Grove, where firms such as Northern Trust, Morningstar, and Citadel have established significant operations. The most sought-after specialties include NAV calculation, partnership accounting, and regulatory reporting for alternative investment vehicles. Find a role that fits below and apply directly.
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Showing 5 of 8+ Fund Accountant jobs
About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Summary
Supports the development and execution of initiatives aligned with fund accounting business and functional priorities. Works with cross-functional partners to plan, implement, and monitor activities that improve accounting operations and drive measurable results. Applies strong functional knowledge and judgment to solve complex problems, evaluate information from multiple sources, and recommend process improvements. Operates independently on assigned work, may lead smaller projects or workstreams, and serves as a resource to colleagues with less experience.
Working Model: Hybrid
We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and workig from home.
Duties & Responsibilities
1. Collaborates with internal stakeholders and cross-functional partners to plan and execute fund accounting work aligned to team, functional, and organizational priorities.
2. Supports and may lead the development, implementation, and enhancement of fund accounting processes, programs, controls, or initiatives within the function.
3. Analyzes accounting data, cash activity, investment records, reconciliations, reports, and information from multiple sources to identify trends, risks, exceptions, and improvement opportunities.
4. Solves complex or less defined fund accounting issues by applying sound judgment, accounting practices, best practices, and knowledge of related operational disciplines.
5. Monitors progress of assigned fund accounting deliverables, project activities, or process improvements, tracks results, and communicates updates, insights, and recommendations to stakeholders and functional management.
6. Ensures timely and accurate execution of fund accounting deliverables while maintaining quality standards, control requirements, compliance with functional policies, and alignment with client, business, or reporting requirements.
7. Develops or enhances fund accounting documentation, procedures, tools, templates, or resources that improve consistency, efficiency, controls, and effectiveness of team operations.
8. Builds and maintains effective working relationships across fund accounting, operations, client service, technology, and other related teams to support coordinated outcomes and service objectives.
9. Leads smaller fund accounting projects, process improvements, or components of larger initiatives with manageable risk, resource requirements, and stakeholder coordination needs.
10. Acts as a fund accounting resource for colleagues with less experience by sharing knowledge, providing guidance on processes, reconciliations, controls, systems, and supporting onboarding or skill development as needed.
11. Performs all duties according to established policies, procedures, and regulatory requirements.
Knowledge & Skills
- In-depth conceptual and practical knowledge within own discipline, with basic knowledge of related disciplines
- Ability to solve complex problems and evaluate multiple sources of information to make sound judgments
- Strong analytical, critical thinking, and problem-solving skills
- Ability to apply best practices and identify opportunities to improve processes, services, or workflows
- Effective written, verbal, and presentation communication skills, including the ability to communicate with peers and functional management
- Strong organizational and project coordination skills, with the ability to manage multiple priorities and deadlines independently
- Ability to build effective cross-functional relationships and collaborate to achieve shared objectives
- Demonstrated judgment, adaptability, and ability to work independently in less defined situations
- Proficiency in Microsoft Office tools (Excel, Word, PowerPoint) and other relevant systems or tools used within the function
- #LI-Hybrid
- #LI-GG1
Education & Experience
- Bachelor’s degree in a relevant discipline required, advanced degree preferred.
- 5+ years of relevant experience in a related role or function required.
Salary Range:
$74,700 - 126,900 USDSalary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
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. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
Working with Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.
About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Summary
Supports the development and execution of initiatives aligned with fund accounting business and functional priorities. Works with cross-functional partners to plan, implement, and monitor activities that improve accounting operations and drive measurable results. Applies strong functional knowledge and judgment to solve complex problems, evaluate information from multiple sources, and recommend process improvements. Operates independently on assigned work, may lead smaller projects or workstreams, and serves as a resource to colleagues with less experience.
Working Model: Hybrid
We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and workig from home.
Duties & Responsibilities
1. Collaborates with internal stakeholders and cross-functional partners to plan and execute fund accounting work aligned to team, functional, and organizational priorities.
2. Supports and may lead the development, implementation, and enhancement of fund accounting processes, programs, controls, or initiatives within the function.
3. Analyzes accounting data, cash activity, investment records, reconciliations, reports, and information from multiple sources to identify trends, risks, exceptions, and improvement opportunities.
4. Solves complex or less defined fund accounting issues by applying sound judgment, accounting practices, best practices, and knowledge of related operational disciplines.
5. Monitors progress of assigned fund accounting deliverables, project activities, or process improvements, tracks results, and communicates updates, insights, and recommendations to stakeholders and functional management.
6. Ensures timely and accurate execution of fund accounting deliverables while maintaining quality standards, control requirements, compliance with functional policies, and alignment with client, business, or reporting requirements.
7. Develops or enhances fund accounting documentation, procedures, tools, templates, or resources that improve consistency, efficiency, controls, and effectiveness of team operations.
8. Builds and maintains effective working relationships across fund accounting, operations, client service, technology, and other related teams to support coordinated outcomes and service objectives.
9. Leads smaller fund accounting projects, process improvements, or components of larger initiatives with manageable risk, resource requirements, and stakeholder coordination needs.
10. Acts as a fund accounting resource for colleagues with less experience by sharing knowledge, providing guidance on processes, reconciliations, controls, systems, and supporting onboarding or skill development as needed.
11. Performs all duties according to established policies, procedures, and regulatory requirements.
Knowledge & Skills
- In-depth conceptual and practical knowledge within own discipline, with basic knowledge of related disciplines
- Ability to solve complex problems and evaluate multiple sources of information to make sound judgments
- Strong analytical, critical thinking, and problem-solving skills
- Ability to apply best practices and identify opportunities to improve processes, services, or workflows
- Effective written, verbal, and presentation communication skills, including the ability to communicate with peers and functional management
- Strong organizational and project coordination skills, with the ability to manage multiple priorities and deadlines independently
- Ability to build effective cross-functional relationships and collaborate to achieve shared objectives
- Demonstrated judgment, adaptability, and ability to work independently in less defined situations
- Proficiency in Microsoft Office tools (Excel, Word, PowerPoint) and other relevant systems or tools used within the function
- #LI-Hybrid
- #LI-GG1
Education & Experience
- Bachelor’s degree in a relevant discipline required, advanced degree preferred.
- 5+ years of relevant experience in a related role or function required.
Salary Range:
$74,700 - 126,900 USDSalary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
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. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
Working with Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.
See All 8 Fund Accountant Jobs in Illinois
Find roles in Illinois that match your experience and apply in just a few clicks.
Find Fund Accountant JobsFund Accountant Jobs by City in Illinois
Where Illinois roles are concentrated, by current openings.
Fund Accountant Job Market in Illinois
A snapshot from current Illinois openings, updated as new roles post.
Who's Hiring
What Illinois Employers Look For
The qualifications that appear most often in fund accountant jobs across Illinois.
- Bachelor's degree in accounting, finance, or a related field required
- CPA certification preferred or actively pursued for mid-level and senior roles
- Proficiency in fund accounting platforms such as Geneva, Investran, or Paxus
- Hands-on experience with NAV calculations, capital calls, and distributions
- Working knowledge of GAAP and IFRS as applied to investment fund structures
- Strong Excel skills and familiarity with financial reporting and audit support
Fund Accountant Jobs in Illinois: Frequently Asked Questions
How do you become a fund accountant in Illinois?
Most fund accountant roles in Illinois require a bachelor's degree in accounting or finance, and earning a CPA license through the Illinois Board of Examiners significantly strengthens your candidacy for mid-level and senior positions. Illinois requires passing all four sections of the Uniform CPA Exam and meeting the state's education hour requirements before licensure. Employers in Chicago's asset management and private equity sectors consistently prefer candidates who are CPA-eligible, even at the entry level.
How much do fund accountants make in Illinois?
Fund accountants in Illinois earn a median of about $80,230 a year, based on May 2025 Bureau of Labor Statistics wage data, ranging from around $54,510 for the lowest 10% to over $131,990 for the top 10%. Pay rises with experience, specialty, and employer.
Which companies hire fund accountants in Illinois?
Employers hiring fund accountants in Illinois right now include Northern Trust, IQ-EQ, and Cresset, based on current listings on Migrate Mate as of November 2026. Illinois's concentration of asset managers, private equity firms, and fund administrators in and around Chicago makes it one of the more consistent states for fund accountant openings year-round.
Which Illinois cities have the most fund accountant jobs?
Chicago have the most fund accountant openings in Illinois. Chicago dominates because it is home to the headquarters and major offices of the state's largest asset managers, private equity firms, and fund administrators, while suburban locations like Rosemont and Downers Grove attract openings from firms that operate large back-office and fund operations centers outside the city core.
Are there remote fund accountant jobs in Illinois?
Yes, and more than many finance roles, since fund accounting work is largely desk-based and can be performed independently of a physical office. About 100% of fund accountant openings tied to Illinois are remote or hybrid as of November 2026, reflecting the analytical and reporting nature of the work. NAV calculation and investor reporting functions are the sub-areas most commonly offered with flexible or fully remote arrangements.
How can I get hired as a fund accountant in Illinois with little or no experience?
The most realistic entry path is applying for a fund accounting associate or junior fund administrator role at one of the large fund administration firms or asset managers with Illinois operations, which routinely hire recent accounting and finance graduates into structured training programs. Firms like Northern Trust run formal new-graduate programs that build fund accounting skills from the ground up. Lateral moves from roles in public accounting, audit, or general ledger accounting are common, and candidates who are CPA exam-eligible or enrolled in review courses stand out in Illinois screening processes.
Where can I find and apply to fund accountant jobs in Illinois?
You can find and apply to fund accountant jobs in Illinois on Migrate Mate, which lists current Illinois openings across Chicago and surrounding metro areas. Find roles that match your experience and specialization, then apply directly to each one through the listing.
See All 8 Fund Accountant Jobs in Illinois
Find roles in Illinois that match your experience and apply in just a few clicks.
Find Fund Accountant Jobs