Northern Trust, a Fortune 500 company, is a globally recognized, award‑winning financial institution that has been in continuous operation since 1889. This is an exciting opportunity to play a key role in building and expanding our insurance investment accounting product for the UK market. We are looking for insurance accounting experts with deep domain knowledge and the drive to help shape and continuously improve a modern, scalable solution aligned to the needs of UK insurers.
Key Responsibilities
- Product Localisation & Development
- Lead the adaptation and enhancement of our insurance investment accounting product for the UK market, ensuring compliance with UK GAAP, IFRS (including IFRS17), SolvencyII, and SORP requirements.
- Work with Product Management to design and implement the UK‑specific reporting solution and operational model, drawing on best practices from our US platform.
- Maintain documentation for UK policies, procedures, and regulatory requirements.
- Sales Collaboration & Client Engagement
- Partner with Sales to support the acquisition and onboarding of our launch beta client in the UK insurance sector.
- Present the value proposition and technical capabilities of our UK‑adapted solution in client meetings.
- Gather client feedback and requirements to inform product enhancements and ensure market fit.
- Operational Model & Reporting
- Build and refine the operational model for UK insurance investment accounting, ensuring robust processes for investment activity, reconciliations, and month‑end close.
- Oversee the integration of UK‑specific investment accounting systems and interfaces, ensuring accurate and efficient data capture.
- Support the production of UK‑compliant client reporting, including P&L, trial balances, and regulatory disclosures.
- Lead consultative client engagement to own the client onboarding experience.
- Cross‑Functional Leadership
- Collaborate with Operational, Client Servicing, and Product Management teams to ensure seamless delivery and support of the UK product.
- Champion continuous improvement and knowledge sharing across teams, leveraging insights from both US and UK markets.
Qualifications
- Deep understanding of UK GAAP, IFRS, SolvencyII, and SORP for insurance investment accounting.
- Direct experience in the preparation and review of required Annual and Quarterly Statement Investment Schedules, including those required for SolvencyII and SORP reporting.
- General understanding of accounting and financial principles relating to investment and regulatory reporting on a tax basis, including UK corporation tax and insurance‑specific tax considerations.
- Working knowledge of fixed‑income and equity securities’ processing on investment accounting systems commonly used in the UK market (e.g., SAPFAM), including booking activity for accruals, income payments, corporate actions, and other maintenance transactions.
- General understanding of derivatives and other special asset classes as they relate to UK insurance portfolios.
- Strong communication, stakeholder management, and project leadership skills.
- Degree in finance or accounting preferred.
- Proven experience in insurance investment accounting operations, ideally with exposure to UK and wider European markets.
- ACA, ACCA, or CIMA qualification highly desirable; experience with UK regulatory reporting and SORP requirements preferred.
- Proven track record in product development, client engagement, and cross‑functional collaboration.
Equal Employment Opportunity Statement
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
PPAC/INDIA EEO STATEMENT: It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non‑discriminatory manner in accordance with our obligations under the law and codes of practice.
Canada EEO STATEMENT: Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.
EMEA EEO STATEMENT: It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non‑discriminatory manner in accordance with our obligations under the law and codes of practice.
USA EEO STATEMENT: It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual’s age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status.
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