Principal, Field Performance at Northwestern Mutual

Milwaukee, Wisconsin, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Minimum 8-10 years of progressively responsible work experience emphasizing decision making, finance, consultation, influence, and communication
Advanced graduate degree and excellent academic record required (e.g. MBA, PhD, etc.). CFA or CPA preferred
Ability to work collaboratively in a team environment
Exceptional analytical and problem-solving skills
An understanding of economic forces affecting the financial services industry
Critically and logically evaluates costs, risks and benefits of alternatives before coming to a solution
Engages in and models courageous and constructive dialogue; confidence to offer a new and potentially challenging idea to foster conversation and critical thinking; ability to deliver difficult / complex messages and help others understand multiple points of view
Demonstrated ability to anticipate and respond quickly and creatively to change and shifting, sometimes competing, priorities. Comfort operating through risk and uncertainty in a high-volume work environment
Knowledge of field compensation, general and district agent contracts, and agency finances and operations preferred
Significant Travel required

Responsibilities

Influence and execute on affiliate business plans and align these plans with the Company strategy
Stage, sequence and deliver strategic initiatives within each distribution affiliate
Collaborates with the affiliate's leadership team to operationalize and execute strategy locally
Provide real time feedback and collaborate with corporate partners on the development of strategic initiatives
Develop and communicate recommendations to senior leadership
Partners and advises Managing Partners on their operations as the primary business advisor, relationship manager and performance driver, with holistic accountability for 3-4 network offices
Drive performance of these affiliates by applying problem solving and experience based judgment to complex challenges including local strategy, financial management, talent development optimization, culture refinement, regulatory compliance and leadership development

Skills

Key technologies and capabilities for this role

Financial ManagementStrategic PlanningLeadership DevelopmentTalent DevelopmentRegulatory ComplianceProblem SolvingAnalytical SkillsConsultationInfluenceCommunicationRisk AssessmentEconomic Analysis

Questions & Answers

Common questions about this position

What is the salary range for the Principal, Field Performance role?

The pay range starts at $135,800 and ends at $252,200, with geographic specific structures such as $149,380 - $277,420 for Structure 110 and $156,170 - $290,030 for Structure 115. Final salaries depend on factors like skills, experience, market, and location.

Is this a remote position, or is travel required?

Significant travel is required for this role. No information on remote work arrangements is specified.

What are the key qualifications and skills required for this position?

Candidates need 8-10 years of progressively responsible experience in decision making, finance, consultation, influence, and communication, plus an advanced graduate degree like an MBA or PhD. CFA or CPA is preferred, along with exceptional analytical and problem-solving skills, collaborative teamwork, and knowledge of financial services.

What does the team structure look like for this role?

The role is a key member of the Field Performance team with holistic accountability for 3-4 network offices, partnering and advising Managing Partners on operations as the primary business advisor and relationship manager.

What makes a strong candidate for this Principal, Field Performance position?

Strong candidates have an advanced degree, 8-10+ years of experience in finance and decision-making, exceptional analytical skills, and the ability to influence and collaborate in high-stakes environments with significant travel.

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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