Specialist-Investment Accounting and Analytical Services (IAAS)

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 IFRS 17), Solvency II, 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.
• Participate in client meetings and presentations, articulating the value proposition and technical capabilities of our UK-adapted solution.
• 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.

Ideal Candidate

• Deep understanding of UK GAAP, IFRS, Solvency II, 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 Solvency II 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.
• Must have working knowledge of fixed income and equity securities’ processing on investment accounting systems commonly used in the UK market (e.g., SAP FAM), 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 experience, 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.

Reasonable Accommodation

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.

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