Northern Trust UK | EMEA Head of Insurance Investment Accounting-Specialist role (EMEA Expansion)

Key responsibilities of the role include

• 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.
• Please note that Northern Trust is unable to provide visa sponsorship for this role.
• 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.
• 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.
• 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.
• 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.
• Gather client feedback and requirements to inform product enhancements and ensure market fit.
• Champion continuous improvement and knowledge sharing across teams, leveraging insights from both US and UK markets.
• Direct experience in the preparation and review of required Annual and Quarterly Statement Investment Schedules, including those required for Solvency II and SORP reporting.

Requirements

• Deep understanding of UK GAAP, IFRS, Solvency II, and SORP for insurance investment accounting.
• Strong communication, stakeholder management, and project leadership skills.
• Proven experience in insurance investment accounting operations experience, ideally with exposure to UK and wider European markets.
• Proven track record in product development, client engagement, and cross-functional collaboration.
• 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.

Northern Trust UK

Northern Trust UK is an employer hiring in India (sector: BFSI / Investments / Insurance).

Its finance, accounts, audit and tax openings in India are mostly in London.

• Industry: BFSI / Investments / Insurance