VP, Financial Planning & Analysis at Northwestern Mutual

Milwaukee, Wisconsin, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, InsuranceIndustries

Requirements

Ability to oversee company-wide financial planning and analysis initiatives and their interrelationships with corporate strategy, operational planning, and corporate financial planning
Capability to develop and maintain effective relationships with senior leaders across company operations and functions
Strong leadership skills to be an essential leader for the company's business plans and finance-related activities
Expertise in providing value-added proposals and guidance regarding line of business financial planning and expense management activities on culture, corporate processes, and practices
Proficiency in delivering discrete finance decision support to key stakeholders as needed
Experience in developing and presenting finance recommendations to senior leaders throughout the company as well as the Executive Senior Leadership Team
Strong analytical capabilities to synthesize and interpret complex financial data into compelling narratives that support business strategy and facilitate informed decision-making
Skills in directing process improvements and efficiencies leveraging various company financial systems
Ability to conduct proactive analysis to identify long-term implications of financial trends and operational changes, including workforce planning and resource allocation
Transparent communication, effective conflict resolution skills, and prioritization on department-wide initiatives
Experience building and managing a high-performing team, including ongoing coaching and development, cyclical performance management, and directing daily work
Ability to build and maintain strong relationships with internal and external stakeholders
Capability to analyze financial data to provide actionable insights into market trends and organizational performance
Ability to assist in future state tools selection for FP&A, participate in monthly meetings with Enterprise leadership team, review contracts, and partner with strategic sourcing/procurement

Responsibilities

Design and lead comprehensive financial planning and forecasting strategy for significant portfolios company-wide, including development of proposals and presentations to the Senior Leadership Team, the Board, and other corporate-level financial and operational committees
Direct all financial planning, forecasting, and functional management activities in the Business Finance department
Serve as a trusted advisor to business units, providing consultative support to drive strategic financial decisions and enhance business outcomes
Drive collaboration with functional areas to optimize the company's cost structure and institute robust finance management policies and practices
Provide financial insights and recommendations to executive management to enhance corporate financial performance and strategic alignment
Lead cross-functional teams to develop capital and operating expense impacts of company capital projects
Partner with senior leadership across the organization to ensure that company spending and resource allocations are aligned with the company's short- and long-term strategic objectives such as Workforce Planning and other key stakeholders
Collaborate with finance and operational teams to enhance forecasting accuracy and transparency across business units
Utilize strong analytical capabilities to support expense management and provide actionable insights that inform strategic direction and optimize business performance
Participate effectively as a member of the Business Finance team
Drive strategic cost-out initiatives by collaborating with leaders across the organization to identify and implement opportunities for cost reduction and efficiency improvements, ensuring alignment with corporate objectives
Build and mentor a high-performing team focused on transformation and business planning
Foster a culture of continuous improvement, innovation, and accountability

Skills

Key technologies and capabilities for this role

Financial PlanningFinancial ForecastingFP&AStrategic AnalysisFinancial ModelingData InterpretationProcess ImprovementStakeholder ManagementExecutive PresentationsBudget ManagementCost OptimizationFinancial Systems

Questions & Answers

Common questions about this position

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this VP role?

This information is not specified in the job description.

What key skills are required for the VP, Financial Planning & Analysis role?

Key skills include designing comprehensive financial planning and forecasting strategies, synthesizing complex financial data into compelling narratives, strong analytical capabilities, transparent communication, effective conflict resolution, and leadership of cross-functional teams.

What is the team structure for this position?

The role directs all financial planning, forecasting, and functional management activities in the Business Finance department and participates effectively as a member of the Business Finance team.

What makes a strong candidate for this VP position?

A strong candidate excels at overseeing company-wide financial planning, building relationships with senior leaders, providing consultative financial advice, leading cross-functional teams, and delivering presentations to the Senior Leadership Team and Board.

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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