Mutual Fund Administration Specialist

Northwestern Mutual • Milwaukee, WI

8d • $60,880 - $105,000 • Hybrid

About The Position

The Mutual Fund Administration (MFA) division is responsible for fund administration related to the Northwestern Mutual Series Fund which consists of 30 portfolios. MFA is also responsible for accounting and financial reporting related to Northwestern Mutual’s variable annuity and variable life separate accounts.

Requirements

• Bachelor's degree in Accounting or Finance
• Three years or less of prior accounting experience
• High degree of self motivation
• Proven ability to meet strict deadlines
• Strong oral and written communication skills
• Ability to work well with limited guidance
• Analytical and problem solving ability
• Ability to retrieve and use information from accounting system and other sources
• A working knowledge of GAAP accounting for investments.
• Ability to work well in a team environment

Nice To Haves

• Previous mutual fund accounting or administration experience a plus.

Responsibilities

• Perform oversight of outsourced service providers including but not limited to fund accounting and pricing services
• Execution and coordination of controls over daily valuation of mutual funds.
• Preparation and review of financial statements and related financial materials and disclosures.
• Provides financial information to meet the needs of internal and external customers, including preparing regulatory filings for the Securities and Exchange Commission, performance calculations and marketing information.
• Responsible for mutual fund compliance with the IRS, SEC and all other regulators.
• Researches and engages in various projects associated with new products, new funds, new regulations, system enhancements and ad hoc requests.
• May be asked to assist on projects.
• May be asked to Identify book to tax differences and oversee the preparation of the excise and fiscal tax calculations for the mutual funds.
• Demonstrates ability to work with internal and external contacts such as information systems, investment traders, auditors, brokers, custodians and investment advisors.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level