Financial Reporting Senior Specialist

Northwestern Mutual•Milwaukee, WI

1d•Hybrid

About The Position

Performs financial accounting functions and related control activities for assigned accounts and processes to ensure conformance with statutory accounting standards. Establishes specifications and guidelines for Actuarial valuation and financial reporting systems to meet regulatory and operational reporting requirements.

Requirements

Bachelor’s degree in accounting, mathematics, or related major strongly preferred. Equivalent amount of relevant work experience and education may also be considered.
Minimum of 3 years of experience in an accounting related position.
Knowledge of NAIC reporting requirements, statutory accounting standards, and audit principals.
Strong analytical ability and problem-solving skills.
Strong written and oral communication skills.
Knowledge of client computing tools, such as Excel.

Nice To Haves

Knowledge of insurance or investment industries, including NM product lines and company operations in general preferred.
Experience with general ledger and financial reporting applications preferred.
Strong systems background in both mainframe and PC systems preferred.

Responsibilities

Performs financial accounting functions for assigned accounts and processes to ensure conformance with statutory accounting standards.
Responsible for the accurate and timely preparation of journal entries and account reconciliations for reserves, as well as the Actuarial department’s portion of the dividends, policy benefits, premiums, and expenses.
Performs accurate, timely and value-added core financial statement and analytical reporting.
Responsible for the design and analysis of business information used for calculating reserves, tax reporting, annual statement reporting, actuarial studies, and other management reports.
Works with Engineering Solutions, Controllers, and Actuarial Department personnel to produce the required information.
Keeps abreast of new product developments, NAIC requirements, and internal processing and reporting changes of other departments.
Researches and analyzes reserve issues and notifies top management of unusual trends.
Works with internal auditors and is a key contributor of information for annual external financial audits.
Contributes to ongoing sustainability efforts related to accounting control documentation to ensure compliance with the NAIC Model Audit Rule.
Ensures the transactions are being recorded accurately within the valuation system to provide data for lapse and mortality studies.
Works with Engineering Solutions on proper recording of lapses, deaths and issues for new products.