About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 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.
Work Authorization
Applicants must have the right to work in the United Kingdom at the time of application and for the duration of employment.
Please note that Northern Trust is unable to provide visa sponsorship for this role. This includes Skilled Worker visas, Global Business Mobility routes, Graduate visas, Youth Mobility Scheme, High Potential Individual visas, Scale-up Worker visas, Temporary Worker visas, and other employer-sponsored visa categories.
Working with Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.
Skills Required
- Deep understanding of UK GAAP, IFRS (including IFRS 17), Solvency II, and SORP requirements.
- Direct experience preparing and reviewing Annual and Quarterly Statement Investment Schedules including Solvency II and SORP reporting.
- Working knowledge of fixed income and equity securities processing on UK investment accounting systems (e.g., SAP FAM), including accruals, income payments, corporate actions, and maintenance transactions.
- General understanding of derivatives and other special asset classes related to UK insurance portfolios.
- Understanding of accounting and financial principles for investment and regulatory reporting on a tax basis, including UK corporation tax and insurance-specific tax considerations.
- Strong communication, stakeholder management, and project leadership skills.
- Proven experience in insurance investment accounting operations.
- Exposure to UK and wider European insurance markets.
- Degree in finance or accounting.
- ACA, ACCA, or CIMA qualification and experience with UK regulatory reporting and SORP requirements.
- Proven track record in product development, client engagement, and cross-functional collaboration.
Northern Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northern Trust and has not been reviewed or approved by Northern Trust.
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Retirement Support — A 401(k) with company match alongside an employer‑funded defined‑benefit pension is highlighted in employer‑verified materials and filings, setting the retirement package apart from many private employers.
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Leave & Time Off Breadth — PTO is portrayed as solid overall, and two paid volunteer days per year are clearly documented across corporate materials.
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Parental & Family Support — Company sources and postings reference paid parental and caregiver leave and recent enhancements to parental benefits, indicating meaningful family support within the package.
Northern Trust Insights
What We Do
As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence. Since our roots as a trust bank, we’ve grown to a global presence with more than 24,000 employees in more than 20 countries and across six core business units: Wealth Management Asset Management Asset Servicing Technology Corporate Functions Enterprise Operations Join a Team That’s Achieving Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done. Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you. Delivering value and adhering to our enduring principles What are enduring principles? Since our founding, they have guided our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity . What does this mean? Service Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results. Expertise Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions. Integrity Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.
Why Work With Us
At Northern Trust, we go further because we go together. We embrace flexibility, encourage balance, and prioritize inclusion at all levels, working together to keep you connected. We are committed to our employees—all 24,000 of them. Whether this is a first step or a bold new leap in your career, we’re here to help you move forward.
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