Senior Analyst - Financial Planning & Analysis 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 Services, InsuranceIndustries

Requirements

Bachelor's degree in accounting, finance, business administration, or related degree with accounting emphasis preferred
Typically, 5 or more years of financial management experience and/or financial planning and analysis experience
Strong analytical, planning, organization, budgeting, problem solving, negotiation, oral and written communication skills
Ability to develop and interpret financial models for complex analysis
Demonstrated ability to make effective decisions and influence without authority at all levels of leadership
Ability to maintain confidentiality and manage multiple assignments concurrently while effectively prioritizing
Ability to develop and present recommendations to management
Ability to build rapport and acceptance at different levels of management and across various departments
CPA or CMA designation is preferred

Responsibilities

Interact with executive officers, department heads, and other members of senior management to provide meaningful expense management consultation and analysis and present recommendations to aid in decision-making
Proactively identify issues and facilitate discussions to resolve those issues across functions and departments
Independently meet with managers and directors to understand department operations and resulting cost structure
Coordinate monthly reporting of all expenses to meet financial reporting needs of the department
Monitor spend, develop forecasts and budgets, and analyze expense results
Apply creativity and innovation in identifying process improvements and other opportunities for the function/departments to better manage expenses or reduce spend
Build complex financial models to predict and understand the business as well as actual results; understand cost drivers, internal metrics, unit costs, and benchmarking for tracking and comparing results
Challenge assumptions made in forecasts and projections
Make connections to understand and integrate internal best practices to best support overall business objectives
Assure that all expense activity follows the appropriate accounting controls, policies, and procedures and is appropriately accounted for on the general ledger in compliance with statutory and/or GAAP accounting standards
May develop strategies to best utilize systems and maintain expertise over financial reporting systems (such as PeopleSoft, IBM TM1 system, Apptio, or Project Portfolio Management)
May be responsible for corporate expense projections, metrics, accounting for payroll, fixed assets, and intercompany charges between NM and its subsidiaries, procure to pay process, or other corporate processes
Lead special projects and assignments related to expense management, product line allocations, financial reporting, process improvements, or other projects as requested by division leaders
Collaborate with other enterprise resources in Human Resources, Corporate Strategy, or Planning Coordinators

Skills

Financial Planning

Financial Analysis

Expense Management

Budgeting

Forecasting

Financial Modeling

Variance Analysis

Benchmarking

Excel

Process Improvement

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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