At a Glance
- Tasks: Lead the development of insurance investment accounting products for the UK market.
- Company: Join a flexible and collaborative culture at Northern Trust.
- Benefits: Enjoy a supportive environment that promotes growth and community impact.
- Other info: Ideal for those passionate about product development and client engagement.
- Why this job: Make a real difference in the insurance sector while enhancing your skills.
- Qualifications: Deep knowledge of UK GAAP, IFRS, and experience in insurance investment accounting.
The predicted salary is between 60000 - 80000 £ per year.
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.
Specialist-Investment Accounting and Analytical Services (IAAS) in London employer: NACBA
At Northern Trust, we pride ourselves on being an exceptional employer, offering a flexible and collaborative work culture that fosters both personal and professional growth. Our commitment to community impact and employee development ensures that you will not only excel in your role as a Specialist in Investment Accounting and Analytical Services but also contribute meaningfully to the UK insurance market. With opportunities for cross-functional leadership and client engagement, you will be part of a dynamic team dedicated to innovation and excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Specialist-Investment Accounting and Analytical Services (IAAS) in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like NACBA. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Specialist-Investment Accounting and Analytical Services (IAAS) in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to NACBA.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on NACBA's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at NACBA
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with NACBA.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at NACBA will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former NACBA employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
