Regional Financial Sr Specialist at Northwestern Mutual

Milwaukee, Wisconsin, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Bachelor's degree in business, accounting or finance required
Minimum of 3+ years of related business experience working with financial statements, performing financial analysis and modeling, and using spreadsheet tools
Strong analytical skills with the proven ability to analyze business problems and make decisions
Demonstrated ability to articulate complex technical or financial information to various audiences to gain common understanding
Experience working with Northwestern Mutual's Field Management with knowledge of commission system, contract structure, and financial programs highly desired

Responsibilities

Conduct financial statement/financial health reviews to assess current state and trends of the Offices' financial position, including in-depth research and analysis of sources of revenue, expense management, profitability, cash flow and debt structure/leverage
Prepare financial scenarios using numerous financial modeling tools (e.g. FMM, Planning Tool, ROI, break-even) to direct decisions about investments in the Office
Collaborate with regional team, field business partners and internal management to assess the feasibility of new front line leadership roles (e.g. FD, GDD, DD, MD)
Provide ad hoc analysis to define and propose investment strategies for the Office, including thorough review and understanding of: MP contract and compensation programs, expense management, financing debt servicing strategies and the financial impact of front-line leadership appointments
Assist in creation of financial tools to assess the impact of and guide decision making on the timing of District start-ups and FD/DD appointments
Create summary reporting for Regional Financial Consultant to share with internal management and assist in proactively identifying financial trends, opportunities and areas of concern
In collaboration with Field Accounting, develop trend analysis for specific requests and for the purpose of identifying best practices to be communicated to the Field and implemented in consultation with the home office
Provide day-to-day consultation to the Office on financial management through review and execution of: annual budget creation (including projections) and a 3-5 year rolling plan, monitoring Office line-of-credit usage, including overages related to MD or FR debt, regular review of year-to-date budget to actual results, active comparison of Office revenue and expense levels against peer group, addressing Field business partner questions related to financial matters and compensation, in collaboration with home office colleagues, and financial consulting project participation
Participate in cross-departmental projects and initiatives to further develop financial consulting services and tools to support Field Management
Collaborate with Directors and home office colleagues in financial tool development (modeling, retirement, net income projection, cash flow analysis, investment ROI, etc.) for the team
Evaluate potential development and enhancements for new financial consulting processes

Skills

financial analysis

financial modeling

financial statements

revenue analysis

expense management

profitability analysis

cash flow analysis

debt structure

ROI analysis

break-even analysis

trend analysis

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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