Specialist-Investment Accounting and Analytical Services (IAAS)

Role Overview

We are looking for insurance accounting experts to lead the building and expansion of our insurance investment accounting product for the UK market. The role focuses on product localisation, regulatory compliance, client engagement, and cross‑functional leadership.

Key Responsibilities

• Product localisation & development: adapt and enhance the 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 acquisition and onboarding of our launch beta client in the UK insurance sector; participate in client meetings and presentations; gather client feedback to inform product enhancements.
• Operational model & reporting: build and refine the operational model for UK insurance investment accounting, oversee integration of UK‑specific investment accounting systems and interfaces, and support 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.

Qualifications & Experience

• Deep understanding of UK GAAP, IFRS, Solvency II, and SORP for insurance investment accounting.
• Direct experience with preparation and review of annual and quarterly statement investment schedules 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.
• Working knowledge of fixed income and equity securities processing on investment accounting systems commonly used in the UK market (e.g., SAP FAM).
• 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.

Benefits

Work in a flexible and collaborative culture that encourages growth and community impact.

Reasonable Accommodation

Northern Trust is committed to providing reasonable accommodations to individuals with disabilities. If you need an accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

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