Accounting Manager at Northwestern Mutual

Milwaukee, Wisconsin, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, InsuranceIndustries

Requirements

Bachelor’s degree in business, accounting or finance required
Minimum of 5-7 years of related business experience working with and supervising transactional accounting, reviewing financial statements, and using spreadsheet tools
Broad knowledge of the company’s products, distribution system, field compensation and sales reporting required
Strong analytical skills with the proven ability to analyze business problems and make decisions
Demonstrated ability to manage multiple employees simultaneously and carry out diverse assignments in a fast-paced environment
Demonstrated ability to build rapport and acceptance at all levels within the Home Office and Field
Excellent written and oral communication skills
Demonstrated ability to articulate complex technical or financial information to various audiences to gain common understanding

Responsibilities

Supervise the accounting staff that records financial data and generates advisor commission payments for MPs and MDs in the Field Financial System for the offices the team services
Proactively manage personnel and technical issues and assist in resolving these issues by providing research and resolution options while considering individual contributor performance
Work with internal HO teams to develop strategies that impact Field Office accounting data and advisor commission payments for the offices the team services
Conduct financial statement/financial health reviews to assess current state and trends of the MP or MDs accounting data, including in-depth research and analysis of sources of accounting data as needed
Consult with team accounting personnel to develop skills in managing the books and records for the MPs and MD offices the team services
Provide Field Office onboarding consultations to ensure proper transfer of accounting procedures to the CAS team

Skills

Accounting

Financial Statements

Commission Payments

Analytical Skills

Spreadsheet Tools

Supervisory Experience

Financial Analysis

Transactional Accounting

Northwestern Mutual

Provides financial security services, and wealth management

About Northwestern Mutual

Northwestern Mutual offers personalized financial planning, life insurance, and investment services, leveraging leading-edge technology to manage over $125 billion in client assets for more than 4.5 million clients.

Milwaukee, WisconsinHeadquarters

1856Year Founded

N/ACompany Stage

Consulting, Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Growing your Career

Compensation & Time Off

Insurance plans

Health Savings Account

Wellness programs & resources

401(k) plan and cash balance contributions

Risks

Fintech platforms like Carefull challenge traditional financial advisory services.

Internal competition may arise from Wellthi's focus on the Black community.

Customer dissatisfaction may grow due to increased retirement age expectations.

Differentiation

Northwestern Mutual maintains the highest financial strength ratings in the industry.

The company launched 'The Great Realization' campaign to refocus customer priorities.

Northwestern Mutual offers a unique Long-Term Advantage product with life insurance benefits.

Upsides

The aging population increases demand for retirement planning and long-term care solutions.

Partnerships with tech firms enhance Northwestern Mutual's data analytics capabilities.

Digital transformation in insurance leads to more personalized customer experiences.

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