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About the Role

This role involves building and expanding Northern Trust's insurance investment accounting product for the UK market, requiring deep domain knowledge to shape and improve a modern, scalable solution aligned with the needs of UK insurers.

Responsibilities

• Lead the adaptation and enhancement of 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 the US platform.
• Maintain documentation for UK policies, procedures, and regulatory requirements.
• Partner with Sales to support the acquisition and onboarding of the launch beta client in the UK insurance sector.
• Participate in client meetings and presentations, articulating the value proposition and technical capabilities of the UK-adapted solution.
• Gather client feedback and requirements to inform product enhancements and ensure market fit.
• 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.
• 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.

Requirements

• 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.
• 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.
• Proven experience in insurance investment accounting operations, ideally with exposure to UK and wider European markets.
• Proven track record in product development, client engagement, and cross-functional collaboration.
• Applicants must have the right to work in the United Kingdom at the time of application and for the duration of employment.
• Northern Trust is unable to provide visa sponsorship for this role.

Skills

• UK GAAP
• IFRS
• IFRS 17
• Solvency II
• SORP
• SAP FAM
• Fixed income securities processing
• Equity securities processing
• Derivatives
• Communication
• Stakeholder management
• Project leadership
• Product development
• Client engagement
• Cross-functional collaboration

Location

• United Kingdom

Work Type

• Full-time

Experience Level

• Proven experience in insurance investment accounting operations
• Proven track record in product development, client engagement, and cross-functional collaboration

Education Level

• Degree in finance or accounting preferred
• ACA, ACCA, or CIMA qualification highly desirable

Benefits

• Flexible and collaborative work culture
• Strong history of financial strength and stability
• Movement within the organization is encouraged
• Senior leaders are accessible
• Commitment to an inclusive workplace
• Assisting the communities we serve
• Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture
• Reasonable Accommodation

About the Company

• Northern Trust is a global leader in innovative wealth management, asset servicing, asset management and banking services.
• Since 1889, Northern Trust has aligned its efforts with its three guiding Principles That Endure: Service, Expertise, and Integrity.
• With more than 135 years of financial experience and over 24,000 partners, Northern Trust serves the world’s most sophisticated clients using leading technology and exceptional service.
• Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities.

Equal Opportunity

• Northern Trust is committed to an inclusive workplace and assisting the communities we serve.
• Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities.