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 competitive salary, flexible work options, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on continuous improvement and inclusivity.
- Why this job: Make a real impact in the finance sector while working on cutting-edge projects.
- 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.
- 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) 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 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)
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and insurance sectors. Attend industry events or webinars where you can meet potential employers and showcase your expertise in investment accounting.
✨Tip Number 2
Prepare for interviews by brushing up on UK GAAP, IFRS, and Solvency II regulations. Be ready to discuss how your experience aligns with Northern Trust's needs and how you can contribute to their insurance investment accounting product.
✨Tip Number 3
Showcase your client engagement skills! Think of examples where you've successfully collaborated with clients or stakeholders. This will demonstrate your ability to support the acquisition and onboarding of clients in the UK market.
✨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.
We think you need these skills to ace Specialist-Investment Accounting and Analytical Services (IAAS)
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Specialist-Investment Accounting role. Highlight your experience with UK GAAP, IFRS, and any relevant accounting systems like SAPFAM. We want to see how your skills align with what we're looking for!
Showcase Your Expertise:Don’t hold back on showcasing your deep domain knowledge in insurance investment accounting. Use specific examples from your past roles to demonstrate your understanding of SolvencyII and SORP requirements. This is your chance to shine!
Be Clear and Concise:When writing your application, keep it clear and to the point. Avoid jargon unless it's necessary, and make sure your key achievements stand out. We appreciate straightforward communication, so let’s keep it simple!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you're keen on joining our team at Northern Trust!
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’re not just familiar with the theory but can apply it practically in the role.
✨Showcase Your Experience
Prepare specific examples from your past work that demonstrate your expertise in insurance investment accounting. Highlight any direct experience with Annual and Quarterly Statement Investment Schedules, as well as your understanding of tax considerations related to UK insurance.
✨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 the product to meet their needs, showcasing your collaborative skills and client-centric mindset.
✨Communicate Clearly
Strong communication is key! Practice articulating complex financial concepts in a clear and concise manner. This will help you connect with interviewers and demonstrate your ability to lead cross-functional teams effectively.
