Sr Consultant, Insurance Investment Accounting

About Northern TrustAs 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. 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: HybridWe 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 ResponsibilitiesPrepare 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 principlesManage reporting for fixed income and equity securities, including accruals, income payments, and maintenance transactionsProvide expertise on derivatives and exposure to Schedule DB (all parts and sections)Support accounting conversions and funding processes to meet regulatory guidanceCollaborate on strategic projects such as new business initiatives, process re-engineering, and M&A integrationAct as a technical advisor on significant business decisions and maintain industry knowledgeYears of Experience Preferred5–7 years in investment accountingMinimum 2 year-end cycles experience- they are flexible on years of experienceRequired SkillsStrong understanding of investment accounting and regulatory reportingExperience with NAIC statutory schedules and GAAP complianceKnowledge of fixed income, equities, and derivativesFamiliarity with Schedule D and related reporting requirementsPreferred SkillsCPA highly desirableSAP experience a plusExposure to PAM or MAXIM systemsASBE and MATT mandatoryTechnical SkillsInvestment accounting systems (PAM/MAXIM)SAPNAIC reporting toolsAdvanced ExcelSoft SkillsStrong attention to detail and accuracyAbility to manage complex projects and meet strict deadlinesExcellent communication and stakeholder managementAdaptability in a remote work environment#LI-GG1#LI-HybridSalary Range:$74,700 - 126,900 USDSalary 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). Working with UsAs 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 View email address on click.appcast.io, or alternatively you can discuss your individual requirements with the recruiter you are working with. SummaryLocation: Chicago, ILType: Full time