Senior Insurance Investment Accounting Expert (NAIC/GAAP)

Northern Trust Corp; Chicago (IL); Hybrid; USD 75,000 - 127,000; Full time

Benefits offered by this job

401k & pension

Health benefits

Paid time off

Parental leave

Life and accident insurance

Bonus program

Job summary

Northern Trust in Chicago seeks a seasoned investment accounting professional focused on insurance clients and NAIC/GAAP compliance. You will manage investment schedules, regulatory reporting, and complex accounting for insurance-related holdings.

Hybrid work model applies, with time between the office and remote work. The role requires strong technical acumen, stakeholder management, and the ability to navigate regulatory guidance.

Qualifications

• 5–7 years in investment accounting.
• Experience with NAIC statutory schedules and GAAP compliance.
• Knowledge of fixed income, equities, and derivatives.

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.

Skills

Investment accounting

Regulatory reporting

GAAP knowledge

Fixed income

Equities

Derivatives

Schedule D knowledge

Education

CPA (desirable)

Tools

PAM/MAXIM

SAP NAIC reporting tools

Advanced Excel

Job description

Northern Trust in Chicago seeks a seasoned investment accounting professional focused on insurance clients and NAIC/GAAP compliance. You will manage investment schedules, regulatory reporting, and complex accounting for insurance-related holdings.

Hybrid work model applies, with time between the office and remote work. The role requires strong technical acumen, stakeholder management, and the ability to navigate regulatory guidance.