At a Glance
- Tasks: Lead the development of insurance investment accounting solutions for the UK market.
- Company: Join Northern Trust, a Fortune 500 financial institution with over 130 years of experience.
- Benefits: Flexible work culture, career growth opportunities, and commitment to community service.
- Other info: Collaborative environment with accessible leaders and a focus on continuous improvement.
- Why this job: Make a real impact in a key role shaping innovative financial solutions.
- Qualifications: Deep knowledge of UK GAAP, IFRS, and experience in insurance investment accounting.
The predicted salary is between 60000 - 80000 € per year.
About Northern Trust: Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
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 of the role include:
- 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.
The ideal candidate should have a fair amount of the following skills & experience:
- 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.
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today.
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.
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater.
Specialist-Investment Accounting and Analytical Services (IAAS) in London employer: Northern Trust
Northern Trust is an exceptional employer, offering a dynamic and inclusive work culture that fosters collaboration and innovation. With over 130 years of financial expertise, employees benefit from extensive growth opportunities, access to senior leaders, and a commitment to community service, all while working in a flexible environment that encourages the exploration of new ideas. Join us in shaping the future of insurance investment accounting in the UK and be part of a company that values your contributions and supports your career development.
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 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 goals and how you can contribute to their innovative solutions.
✨Tip Number 3
Showcase your client engagement skills! During interviews, share examples of how you've successfully collaborated with clients and stakeholders in previous roles. This will highlight your ability to support Northern Trust's onboarding process.
✨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 your enthusiasm for joining a company that values innovation and collaboration.
We think you need these skills to ace Specialist-Investment Accounting and Analytical Services (IAAS) in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your expertise in UK GAAP, IFRS, and Solvency II to show us you’re the right fit for the role.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you’re passionate about insurance investment accounting. Share specific examples of how your past experiences align with our needs and how you can contribute to our team.
Showcase Your Communication Skills:Since strong communication is key in this role, make sure your application is clear and concise. Use straightforward language and structure your thoughts logically to demonstrate your ability to articulate complex ideas.
Apply Through Our Website:We encourage you to apply directly through our website. This way, you’ll ensure your application reaches us quickly and you’ll have access to all the latest updates about the role and our company.
How to prepare for a job interview at Northern Trust
✨Know Your Numbers
Make sure you brush up on UK GAAP, IFRS, and Solvency II regulations. Being able to discuss these in detail will show your deep understanding of the requirements for insurance investment accounting, which is crucial for this role.
✨Showcase Your Experience
Prepare specific examples from your past work that highlight your experience with investment accounting operations. Talk about how you've handled regulatory reporting or client engagement, as this will demonstrate your practical knowledge and ability to contribute to the team.
✨Engage with the Interviewers
Don’t just answer questions; engage in a dialogue. Ask insightful questions about their current projects or challenges they face in the UK market. This shows your interest in the role and helps you understand how you can add value.
✨Highlight Collaboration Skills
Since cross-functional collaboration is key, be ready to discuss how you've worked with different teams in the past. Share examples of how you’ve led projects or contributed to team success, as this will resonate well with their emphasis on teamwork.
