Sr Consultant, Insurance Investment Accounting

Northern Trust • Chicago, IL

11d • $74,700 - $126,900 • Hybrid

About The Position

This 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. 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.

Requirements

• 5–7 years in investment accounting
• Minimum 2 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
• Advanced Excel
• 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
• Applicants 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).

Nice To Haves

• CPA highly desirable
• SAP experience a plus
• Exposure to PAM or MAXIM systems
• ASBE and MATT mandatory

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

Benefits

• 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
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed