At a Glance
- Tasks: Lead the development of innovative insurance investment accounting solutions for the UK market.
- Company: Join Northern Trust, a Fortune 500 financial institution with a rich history since 1889.
- Benefits: Enjoy a competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on continuous improvement and client engagement.
- Why this job: Make a real impact in the insurance sector while working with a dynamic team.
- Qualifications: Deep knowledge of UK GAAP, IFRS, and experience in insurance investment accounting required.
The predicted salary is between 60000 - 80000 £ per year.
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.
Specialist-Investment Accounting and Analytical Services (IAAS) in London employer: 079 NT Management Services Limited
Northern Trust is an exceptional employer, offering a dynamic work environment that fosters innovation and collaboration in the financial services sector. With a strong commitment to employee growth, we provide extensive training and development opportunities, ensuring our team members are equipped to excel in their roles. Located in the UK, our inclusive culture prioritises flexibility and diversity, making it a rewarding place for professionals passionate about shaping the future of insurance investment accounting.
Contact Details:
079 NT Management Services Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Specialist-Investment Accounting and Analytical Services (IAAS) in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and insurance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings at Northern Trust!
✨Tip Number 2
Prepare for those interviews! Research Northern Trust’s products and services, especially their insurance investment accounting solutions. Be ready to discuss how your experience aligns with their needs and how you can contribute to their UK market expansion.
✨Tip Number 3
Showcase your expertise! Create a portfolio or presentation that highlights your knowledge of UK GAAP, IFRS, and Solvency II. Bring this along to interviews to demonstrate your deep understanding of the regulatory landscape and how it applies to the role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the team at Northern Trust and are keen to be part of their exciting journey in the UK market.
We think you need these skills to ace Specialist-Investment Accounting and Analytical Services (IAAS) in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience with UK GAAP, IFRS, and Solvency II. We want to see how your skills align with the role, so don’t hold back on showcasing your expertise!
Showcase Your Communication Skills:Since this role involves client engagement and cross-functional collaboration, it’s essential to demonstrate your strong communication abilities. Use examples from your past experiences to illustrate how you’ve effectively communicated complex information.
Highlight Relevant Experience:Be sure to emphasise any direct experience you have in insurance investment accounting operations. If you've worked with UK-specific investment accounting systems or have a background in regulatory reporting, let us know!
Apply Through Our Website:We encourage you to submit your application through our website for the best chance of being noticed. It’s the easiest way for us to keep track of your application and ensure it gets into the right hands!
How to prepare for a job interview at 079 NT Management Services Limited
✨Know Your Regulations
Make sure you brush up on UK GAAP, IFRS, Solvency II, and SORP requirements. Being able to discuss these regulations confidently will show that you have the deep domain knowledge they’re looking for.
✨Showcase Your Experience
Prepare specific examples from your past roles where you've successfully handled insurance investment accounting operations. Highlight any experience with UK-specific systems like SAPFAM, as this will resonate well with the interviewers.
✨Engage with Client Scenarios
Think about how you would approach client engagement and onboarding. Be ready to discuss how you would gather client feedback and adapt products to meet their needs, as this is a key part of the role.
✨Collaborate and Communicate
Demonstrate your strong communication and stakeholder management skills. Prepare to talk about how you’ve worked cross-functionally in the past and how you can champion continuous improvement within teams.
