ACCA Careers
Senior Consultant, Investment Accounting and Analytical Services (IAAS)
ACCA Careers, Chicago, Illinois, United States, 60290
Senior Consultant, Investment Accounting and Analytical Services (IAAS)
Join to apply for the Senior Consultant, Investment Accounting and Analytical Services (IAAS) role at ACCA Careers.
About Northern Trust
Northern Trust, a Fortune 500 company, is a globally recognized, award‑winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Job Description
Must have a sound understanding of accounting and financial principals relating to investment and regulatory reporting on a Statutory and GAAP basis
Must have working knowledge of fixed income and equity securities and understand activity related to accruals, income payments, and other maintenance transactions
Must have experience working with the Annual and Quarterly NAIC Statutory Investment Schedules including Schedule D Part 1‑5, DA Part 1 and 2, Schedule D/DA VBY, Schedule D 1B, Summary By Country and the various footnote and interrogatories
General understanding of derivatives and exposure to Statutory Schedule DB all parts and sections
Major Duties
Ensure appropriate books and records are maintained for all client investment portfolios by applying the proper STAT and GAAP prescribed guidance
Maintain accurate GAAP and STAT records for investment activity including fixed income, equity and a variety of other types of securities
Review and analyze investment activity for client portfolios and perform cash and holdings reconciliations
Complete month end closing processes and activities on a timely basis
Monitor interfaces between custody systems and accounting system to ensure that transaction data is captured as accurate and efficiently as possible
Maintain client books and records including production of P&L, Trial Balances and other client related reporting requests
Work closely with various Operational and Client Servicing group
Maintain documentation for appropriate policies and procedures
Knowledge/Skills
Must have a sound understanding of accounting and financial principals relating to investment and regulatory reporting on a Statutory and GAAP basis
Direct experience in the preparation and review of the required Annual and Quarterly Statement Investment Schedules
General understanding of accounting and financial principals relating to investment and regulatory reporting on a Tax basis
Must have working knowledge of fixed income and equity securities’ processing on an investment accounting system like PAM, CAMRA, or FAM as it relates to booking activity for accruals, income payments, corporate actions, and other maintenance transactions
General understanding of derivatives and other special asset classes
Microsoft Office, with advanced knowledge in Excel, pivot tables, and general database skills with Access or Excel
Experience
Degree in finance or accounting preferred
5‑7 years of insurance investment accounting operations experience working for a financial services company or service organization
CPA highly desirable
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.
Reasonable accommodation Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater.
#J-18808-Ljbffr
About Northern Trust
Northern Trust, a Fortune 500 company, is a globally recognized, award‑winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Job Description
Must have a sound understanding of accounting and financial principals relating to investment and regulatory reporting on a Statutory and GAAP basis
Must have working knowledge of fixed income and equity securities and understand activity related to accruals, income payments, and other maintenance transactions
Must have experience working with the Annual and Quarterly NAIC Statutory Investment Schedules including Schedule D Part 1‑5, DA Part 1 and 2, Schedule D/DA VBY, Schedule D 1B, Summary By Country and the various footnote and interrogatories
General understanding of derivatives and exposure to Statutory Schedule DB all parts and sections
Major Duties
Ensure appropriate books and records are maintained for all client investment portfolios by applying the proper STAT and GAAP prescribed guidance
Maintain accurate GAAP and STAT records for investment activity including fixed income, equity and a variety of other types of securities
Review and analyze investment activity for client portfolios and perform cash and holdings reconciliations
Complete month end closing processes and activities on a timely basis
Monitor interfaces between custody systems and accounting system to ensure that transaction data is captured as accurate and efficiently as possible
Maintain client books and records including production of P&L, Trial Balances and other client related reporting requests
Work closely with various Operational and Client Servicing group
Maintain documentation for appropriate policies and procedures
Knowledge/Skills
Must have a sound understanding of accounting and financial principals relating to investment and regulatory reporting on a Statutory and GAAP basis
Direct experience in the preparation and review of the required Annual and Quarterly Statement Investment Schedules
General understanding of accounting and financial principals relating to investment and regulatory reporting on a Tax basis
Must have working knowledge of fixed income and equity securities’ processing on an investment accounting system like PAM, CAMRA, or FAM as it relates to booking activity for accruals, income payments, corporate actions, and other maintenance transactions
General understanding of derivatives and other special asset classes
Microsoft Office, with advanced knowledge in Excel, pivot tables, and general database skills with Access or Excel
Experience
Degree in finance or accounting preferred
5‑7 years of insurance investment accounting operations experience working for a financial services company or service organization
CPA highly desirable
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.
Reasonable accommodation Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater.
#J-18808-Ljbffr