Sr Consultant, Insurance Investment Accounting

Northern Trust
Chicago
Workplace: HybridFull timeUSD 74,700 - 126,900Function: Finance & AccountingExperience: 5-7 yearsSkills: ["Attention to detail","Accuracy","Project management","Communication","Stakeholder management","Adaptability"]

Lead specialized insurance investment accounting for regulatory compliance and accurate reporting. Prepare and review NAIC statutory investment schedules, ensure GAAP compliance, and manage investment reporting across fixed income, equities, and derivatives (including Schedule DB). Support conversions and funding processes, advise on significant business decisions, and collaborate on projects such as process re-engineering and M&A integration. Work in a hybrid model between Chicago office and home.

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FursaFursa
Northern Trust
Northern Trust
2 days ago

Sr Consultant, Insurance Investment Accounting

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Last checked: 8 hours agoStatus: Live

Job Summary

Lead specialized insurance investment accounting for regulatory compliance and accurate reporting. Prepare and review NAIC statutory investment schedules, ensure GAAP compliance, and manage investment reporting across fixed income, equities, and derivatives (including Schedule DB). Support conversions and funding processes, advise on significant business decisions, and collaborate on projects such as process re-engineering and M&A integration. Work in a hybrid model between Chicago office and home.
Location: Chicago
Workplace: Hybrid
Employment Type: Full time
Job Function: Finance & Accounting
Seniority: Mid level

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, and advise on significant business decisions

Pay and Benefits

Salary: USD 74,700 - 126,900
Perks:401kPensionHealth InsuranceDentalVisionPaid LeaveParental LeaveLife InsuranceSpending Accounts

Key Requirements

  • •5–7 years of investment accounting experience and minimum two year-end cycles experience
  • •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
Experience:5-7 yearsInsuranceInvestment accounting
Skills:Attention to detailAccuracyProject managementCommunicationStakeholder managementAdaptability
Certifications:CPA
Tech Stack:NAICGAAPSchedule DSchedule DBSAPPAMMAXIMAdvanced Excel

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Northern Trust
Global financial services firm providing wealth management, asset servicing, asset management, and banking solutions to institutions, corporations, and affluent individuals, with a focus on custody, investment management, and technology-driven services.
Industry: Asset Management
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Chicago, United States
Founded: 1889
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