Internship Hedge Fund Python Jobs (NOW HIRING)

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.
Our Integrated Portfolio Services (IPS) group brings together teams that help support investment operations, reporting, insights, and client service across Northern Trust. As an IPS Analyst in Fund Administration, you'll join a dedicated client team supporting a high-profile hedge fund client within Northern Trust Hedge Fund Services. This is a great opportunity to learn how fund accounting, financial reporting, and client support come together in a real-world business setting.
In this role, you'll support core fund administration and financial reporting activities while learning from experienced team members. The position is designed for recent graduates in accounting, finance, or a related field and will help you build foundational skills in monthly NAV close, investor accounting, reconciliations, and financial reporting. You'll start with clearly defined work, including preparing data, completing reconciliations, supporting journal entries, and contributing to client deliverables. Along the way, you'll gain exposure to fund structures, accounting processes, and the systems used to support our clients.
What You'll Do

• Help prepare monthly fund NAV close support, business entity close schedules, and related materials for review
• Gather, check, and organize financial data that is shared with clients and investors
• Support the monthly close process by preparing journal entries, schedules, and reconciliations with guidance from senior team members
• Assist with financial statements and supporting schedules for funds
• Prepare audit support materials and help respond to auditor requests with team guidance
• Take part in team learning, training, and development opportunities
• Complete assigned tasks while building your technical knowledge of fund administration and IPS processes
• Follow established processes, meet deadlines, and raise questions or issues when support is needed
• Contribute ideas that help improve how the team works and delivers for clients

What You'll Gain

• Hands-on exposure to hedge fund accounting, financial reporting, and client support early in your career, while working with a high-visibility team supporting a marquee hedge fund client.
• A supportive environment where you can build confidence, learn defined processes, and grow into more complex responsibilities over time.
• Opportunities to develop skills in technical accounting, financial reporting, data analysis, systems, process management, problem solving, communication, and collaboration.
• A path to explore future growth within the team, Fund Administration, Integrated Portfolio Services, or other areas of Northern Trust as your experience develops.

The Knowledge and Experience You'll Bring

• Basic understanding of accounting principles, including debits, credits, and financial statements
• Strong attention to detail and the ability to stay organized
• Clear written and verbal communication skills
• Ability to follow established procedures, manage priorities, and meet deadlines
• Proficiency in Microsoft Excel
• 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
• Bachelor's degree in Accounting, Finance, or a related field required
• Relevant work experience preferred; recent graduates with relevant coursework or internship experience may be considered

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).
Salary Range:
$48,000 - 72,000 USD
Salary 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.