SummaryThis is a highly specialized and challenging accounting role focused on investment accounting for insurance clients, ensuring compliance with NAIC statutory rules and GAAP standards. The position involves preparing regulatory reports, managing investment schedules, and supporting accurate accounting for insurance-related investments.
Working Model: Hybrid
We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.
Key Responsibilities- Prepare and review NAIC statutory investment schedules (Schedule D Parts 1-5, DA Parts 1-2, VBY, 1B, Summary by Country, footnotes, and interrogatories)
- Ensure compliance with statutory and GAAP accounting principles
- Manage reporting for fixed income and equity securities, including accruals, income payments, and maintenance transactions
- Provide expertise on derivatives and exposure to Schedule DB (all parts and sections)
- Support accounting conversions and funding processes to meet regulatory guidance
- Collaborate on strategic projects such as new business initiatives, process re-engineering, and M&A integration
- Act as a technical advisor on significant business decisions and maintain industry knowledge
Years of Experience Preferred- 5-7 years in investment accounting
- Minimum 2 year-end cycles experience- they are flexible on years of experience
Required Skills- Strong understanding of investment accounting and regulatory reporting
- Experience with NAIC statutory schedules and GAAP compliance
- Knowledge of fixed income, equities, and derivatives
- Familiarity with Schedule D and related reporting requirements
Preferred Skills- CPA highly desirable
- SAP experience a plus
- Exposure to PAM or MAXIM systems
- ASBE and MATT mandatory
Technical Skills- Investment accounting systems (PAM/MAXIM)
- SAP
- NAIC reporting tools
- Advanced Excel
Soft Skills- Strong attention to detail and accuracy
- Ability to manage complex projects and meet strict deadlines
- Excellent communication and stakeholder management
- Adaptability in a remote work environment
- #LI-GG1
- #LI-Hybrid
Salary Range:
$74,700 - 126,900 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Work AuthorizationApplicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
