Senior Consultant, Investment Accounting and Analytical Services; IAAS

Senior Consultant, Investment Accounting and Analytical Services (IAAS) page is loaded## Senior Consultant, Investment Accounting and Analytical Services (IAAS) remote type:
Hybrid locations:
Chicago, ILtime type:
Full time posted on:
Posted Todayjob requisition :
R148975
** About Northern Trust:
** Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.  Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

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  - 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 andother 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  - General understanding of accounting and financial principals relating to investment and regulatory reporting on a Tax basis  - 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  - 5-7 years of insurance investment accounting operations experience working for a financial services company or service organization  - CPA highly desirable      Working with Us:  As a Northern Trust partner, greater achievements await. You…