Investment Accounting Analyst at Northwestern Mutual

Milwaukee, Wisconsin, United States

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$48,580 – $90,220Compensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, InsuranceIndustries

Requirements

Bachelor's degree in accounting, or related field or equivalent education plus experience
Minimum of 1 year of relevant professional accounting experience
Strong working knowledge of accounting principles and practices related to investments (a plus)
Demonstrated decision-making and analytical skills
Strong written and oral communication skills
Ability to effectively maintain relations within divisions of Controllers and other company departments
High degree of personal initiative and self-motivation
Proficiency in Microsoft applications, specifically Excel

Responsibilities

Prepare accurate financial reporting for fixed income and equity securities for Northwestern Mutual and related entities
Complete processes to ensure accurate monthly, quarterly, and annual reporting to internal management as well as external agencies and auditors
Assist in the monthly data integrity process to ensure the accuracy of investments system and its associated financial processing routines in recording the assets, income, and gains and losses
Assist in the preparation of the investment portion of the quarterly and annual statement filings with state insurance regulators and audited financial statements
Complete monthly closing of the Portfolio Asset Management (PAM) securities system and associated financial processing routines in recording the assets, income, and gains and losses of Northwestern Mutual and related entities to ensure that proper Statutory and U.S. GAAP principles are applied, including monthly reconciliations of the PAM systems
Proactively work across departments to ensure the accuracy of the investment deals and transactions
Prepare additional periodic reporting as requested
Work with external business partners to ensure accuracy of reporting

Skills

Excel

financial reporting

investment accounting

Statutory accounting

U.S. GAAP

reconciliations

analytical skills

communication skills

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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