Settings

CAREERS

Consultant / Senior Consultant, Investment Accounting

📁
Accounting Portfolio / Fund
📅
72728 Requisition #
Apply for Job
Share this Job
Sign Up for Job Alerts
Consultant / Senior Consultant, Investment Accounting 
(Actual title dependent on experience; will consider full-time flexible scheduling options or possible part-time scheduling options during peak reporting times) 

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 

• Interact and management day-to-day Client inquiries and questions 

• 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 or General Account Annual Statement Reporting experience 

• General understanding of accounting and financial principals relating to investment and regulatory reporting either through GAAP Audited Statement preparation or Statutory Reporting exposure 

• 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 
• Minimum of 3 years of insurance investment accounting operations experience working for a financial services company or service organization 
• CPA highly desirable 


For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands. 

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater. 

As of December 31, 2018, Northern Trust Corporation had:  
$10.1 trillion in assets under custody / administration 
$7.6 trillion in assets under custody 
$1.1 trillion in assets under management 
$132 billion in banking assets

Previous Job Searches

My Profile

Create and manage profiles for future opportunities.

Go to Profile

My Submissions

Track your opportunities.

My Submissions

Similar Listings

United States, Illinois, IL-Chicago Western Suburbs

📁 Accounting Portfolio / Fund

Requisition #: 75582

Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
  • APAC EEO Statement
    • APAC EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • Canada EEO Statement
    • Canada EEO STATEMENT

      Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

  • EMEA EEO Statement
    • EMEA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • USA EEO Statement
    • USA EEO STATEMENT

      It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.)EEO is Law Poster Supplement