Specialist-Investment Accounting and Analytical Services (IAAS)

Job title: Specialist-Investment Accounting and Analytical Services (IAAS)

About the Role Lead the localization, development, and ongoing enhancement of Northern Trust's insurance investment accounting product for the UK market. Ensure compliance with UK GAAP, IFRS (including IFRS 17), Solvency II, and SORP, and collaborate with Product to design and implement the UK-specific reporting solution and operating model.

What You'll Do

• Lead adaptation and enhancement of the product for the UK, maintain documentation for UK policies, procedures, and regulatory requirements.
• Design and implement the UK-specific reporting solution and operating model, drawing on best practices from the US platform.
• Collaborate with Sales to onboard launch beta client in the UK insurance sector; participate in client meetings and presentations; gather client feedback for product enhancements.
• Build and refine the operational model for UK insurance investment accounting; oversee integration of UK-specific investment accounting systems and interfaces; ensure accurate data capture.
• Support production of UK-compliant client reporting (P&L, trial balances, regulatory disclosures).
• Lead consultative client engagement to own the onboarding experience.
• Collaborate with Operational, Client Servicing, and Product Management teams; champion continuous improvement and knowledge sharing across teams using insights from US and UK markets.

What We're Looking For

• Deep understanding of UK GAAP, IFRS (including IFRS 17), Solvency II, and SORP for insurance investment accounting.
• Direct experience preparing and reviewing Annual and Quarterly Statement Investment Schedules, including those for Solvency II and SORP reporting.
• General understanding of accounting and financial principles relating to investment and regulatory reporting on a tax basis (UK corporation tax and insurance tax considerations).
• Working knowledge of fixed income and equity processing on UK investment accounting systems, including booking activity for accruals, income payments, corporate actions, and maintenance transactions.
• General understanding of derivatives and other asset classes as they relate to UK insurance portfolios.
• Strong communication, stakeholder management, and project leadership skills.
• Degree in finance or accounting; ACA, ACCA, or CIMA qualification highly desirable; experience with UK regulatory reporting and SORP preferred.
• Proven track record in product development, client engagement, and cross-functional collaboration.

Nice to Have

• ACA/ACCA/CIMA qualification desirable; experience with UK regulatory reporting and SORP preferred.

Compensation & Benefits

• Salary: Not disclosed in the posting. Northern Trust offers a flexible and collaborative work culture with opportunities for career movement and an inclusive workplace.