Investment Accounting Consultant

Northwestern Mutual • Milwaukee, WI

1d • Hybrid

About The Position

Completes accurate financial reporting for public and private fixed income and equity securities for Northwestern Mutual and related entities. Completes processes to ensure accurate monthly, quarterly and annual reporting to internal management as well as external agencies and auditors. Assists in the monthly data integrity process to ensure the accuracy of the securities system and its associated financial processing routines in recording the assets, income, and gains and losses of securities investments held by Northwestern Mutual and related entities.

Requirements

• Bachelor's degree in accounting, or related field or equivalent education plus experience required.
• Minimum of 5 years of relevant professional accounting experience.
• A strong working knowledge of accounting principles and practices related to investment products, demonstrated decision making and analytical skills.
• Strong written and oral communication skills.
• Ability to effectively maintain relations within subgroups in Investment, accounting, divisions within Controllers, Treasury and Investments Operations, Securities, Legal and other company departments as needed.
• A high degree of personal initiative and self-motivation is required.
• Proficiency in Microsoft applications, specifically Excel, and PeopleSoft applications.
• Ability to work independently to find solutions to issues and to train and review colleagues work.
• Ability to identify and drive forward efficiency opportunities.

Nice To Haves

• Public accounting experience preferred.
• Certified Public Accountant (CPA) designation preferred.

Responsibilities

• Preparation of the investment portion of the quarterly and annual statement filings with state insurance regulators and Statutory audited financials.
• Complete monthly closing of the Peoplesoft accounting system and its associated financial processing routines of recording the assets, income, and gains and losses of Northwestern Mutual and related entities to ensure that proper Statutory and U.S. GAAP principles are applied, including monthly reconciliations of the system.
• The ability to effectively maintain relations within subgroups in Investment Accounting, divisions within Controllers, Treasury and Investments Operations, Securities, Legal and other company departments as needed.
• Prepares additional periodic reporting as requested.
• Researches and recommends appropriate actions regarding Statutory and U.S. GAAP regulatory changes impacting the accounting for securities investments.
• Represents Investment Accounting (where needed) during system upgrade projects, including evaluating new system functionality and its impact on Investment Accounting and identifying problems and improvement opportunities related to the reporting and financial processing components.
• Maintains Model Audit Rule documentation.

Benefits

• We believe in fairness and transparency. It’s why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you’re living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, click here to learn more.
• Grow your career with a best-in-class company that puts our clients' interests at the center of all we do.
• Northwestern Mutual is an equal opportunity employer who welcomes and encourages diversity in the workforce.
• We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.
• At Northwestern Mutual, we believe relationships are built on trust. That our lives and our work matter. These beliefs launched our company over 160 years ago. Today, they're just a few of the reasons why people choose to build careers at Northwestern Mutual.
• Northwestern Mutual is proud to be an equal opportunity employer.
• We have chosen to build a diverse and inclusive workplace where talented people from all backgrounds want to be, want to stay, and want to build their future.
• We celebrate and support our differences for the benefit of our employees, our products, and our community.
• All qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees