Sr Consultant, Fund Accounting

About the role

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.

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

Requirements

Preferred 5–7 years in investment accounting
Minimum 2 year-end cycles experience- they are flexible on years of experience

Qualifications

Required Skills:

• 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

Skills

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

Technical Skills

• Investment accounting systems (PAM/MAXIM)
• SAP
• NAIC reporting tools
• Advanced Excel

Soft Skills

• 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

Working Model

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.

Salary Range

$74,700 - 126,900 USD

Benefits

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 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 MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.