Investment Accounting Analyst

Northwestern Mutual Investment Services, LLC; Milwaukee (WI); On-site; USD 61,000 - 91,000; Full time

Job summary

Northwestern Mutual Investment Services, LLC is seeking a competent accounting professional to prepare accurate financial reporting for fixed income and equity securities, ensuring timely monthly, quarterly and annual outputs for management, regulators and auditors. You will support data integrity in the PAM system, reconcile assets and income, and work across departments to verify investment deals and transactions in line with Statutory and U.S.

GAAP requirements.

Qualifications

• Bachelor's degree in accounting or related field.
• Minimum of 1 year of relevant professional accounting experience.
• Knowledge of investments accounting and GAAP a plus.
• Demonstrated decision-making and analytical skills.
• Strong written and oral communication skills.

Responsibilities

• Prepare the investment portion of quarterly and annual filings with regulators and auditors.
• Close the PAM securities system monthly and record assets, income, and gains/losses per Statutory and U.S. GAAP.
• Collaborate across departments to ensure accuracy of investment deals and transactions.
• Prepare additional periodic reporting as requested.
• Coordinate with external business partners to ensure reporting accuracy.

Skills

Financial Reporting

Investments Accounting

GAAP

Internal Controls

Excel

Attention to Detail

Education

Bachelor's degree in accounting

Equivalent education + experience

Tools

Excel

Microsoft Office

Job description

About the Job:

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

What You'll Do:

• Assist in the preparation of the investment portion of the quarterly and annual statement filings with state insurance regulators and audited financial statements.


• Complete monthly closing of the Portfolio Asset Management (PAM) securities system and associated financial processing routines in 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 PAM systems.


• Proactively work across departments to ensure the accuracy of the investment deals and transactions.


• Prepare additional periodic reporting as requested.


• Work with external business partners to ensure accuracy of reporting.

What You'll Bring to the Role:

• Bachelor's degree in accounting, or related field or equivalent education plus experience required.


• Minimum of 1 year of relevant professional accounting experience.


• A strong working knowledge of accounting principles and practices related to investments a plus.


• Demonstrated decision-making and analytical skills.


• Strong written and oral communication skills.


• Ability to effectively maintain relations within divisions of Controllers and other company departments as needed.


• A high degree of personal initiative and self-motivation is required.


• Proficiency in Microsoft applications, specifically Excel.

Skills You'll Have:

• Helps assess experience preparing, reviewing, or supporting financial reports.


• Addresses familiarity with investment instruments and securities-related accounting


• Evaluates foundational knowledge of controls supporting accurate financial reporting


• Foundational accounting knowledge.


• Evaluates foundational knowledge of controls supporting accurate financial reporting

Compensation Range:

Pay Range - Start:

$60,880.00

Pay Range - End:

$91,320.00

Geographic Specific Pay Structure:

Structure 110:

$66,960.00 USD - $100,440.00 USD

Structure 115:

$70,000.00 USD - $105,000.00 USD

Northwestern Mutual is an equal opportunity employer that welcomes talented individuals of all backgrounds. 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.

Skills

Financial Reporting, Financial Accounting Principles (NM), Internal Controls, Attention to Detail (NM), Financial Securities (NM)