At a Glance
- Tasks: Lead the development of insurance investment accounting products for the UK market.
- Company: Join a leading financial services firm committed to innovation and compliance.
- Benefits: Competitive salary, flexible working options, 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 top industry experts.
- Qualifications: Strong understanding of UK GAAP, IFRS, and experience in investment accounting.
The predicted salary is between 60000 - 80000 € per year.
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 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.
Ideal Candidate
- 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.
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.
Specialist-Investment Accounting and Analytical Services (IAAS) employer: Northern Trust
Northern Trust is an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation in the financial services sector. With a strong commitment to employee growth, we provide extensive training and development opportunities, ensuring our team members are well-equipped to excel in their roles. Located in the UK, our culture prioritises inclusivity and support, making it an ideal place for professionals seeking meaningful and rewarding careers in investment accounting.
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 folks in the industry, attend events, and connect with potential colleagues on LinkedIn. The more people you know, the better your chances of landing that Specialist-Investment Accounting role.
✨Tip Number 2
Prepare for interviews by practising common questions related to UK GAAP and IFRS. We recommend doing mock interviews with friends or using online platforms to get comfortable articulating your expertise in investment accounting.
✨Tip Number 3
Showcase your skills through real-life examples! When discussing your experience, highlight specific projects where you’ve adapted products for compliance or improved operational models. This will make you stand out as a candidate who can hit the ground running.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Specialist-Investment Accounting and Analytical Services (IAAS)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Specialist-Investment Accounting and Analytical Services. Highlight your experience with UK GAAP, IFRS, and any relevant accounting systems like SAP FAM. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your experience in client engagement and product development, and don’t forget to show your enthusiasm for working with us at StudySmarter.
Showcase Your Communication Skills:Since strong communication is key for this position, make sure your application reflects that. Use clear and concise language, and if you have examples of successful stakeholder management or project leadership, include them!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at Northern Trust
✨Know Your Regulations
Make sure you brush up on UK GAAP, IFRS, Solvency II, and SORP before your interview. Being able to discuss these regulations confidently will show that you understand the core requirements of the role and can hit the ground running.
✨Showcase Your Experience
Prepare specific examples from your past work that demonstrate your experience with investment accounting operations. Highlight any direct involvement with Annual and Quarterly Statement Investment Schedules, as well as your familiarity with systems like SAP FAM.
✨Engage with Client Scenarios
Think about how you would approach client engagement and onboarding in the UK insurance sector. Be ready to discuss how you would articulate the value proposition of the product and gather client feedback effectively.
✨Collaborate and Communicate
Emphasise your ability to work cross-functionally. Prepare to discuss how you've collaborated with different teams in the past and how you can champion continuous improvement and knowledge sharing in this new role.
