Investment Accounting Analyst

Northwestern Mutual; Milwaukee (WI); Hybrid; USD 61,000 - 91,000; Full time

Benefits offered by this job

Flexible work schedules

Concierge service

Comprehensive benefits

Employee resource groups

Job summary

Northwestern Mutual in Milwaukee, WI seeks a finance professional to prepare accurate investment-related financial reporting. You will close the PAM system monthly, ensure GAAP and Statutory compliance, and coordinate with various departments and external partners to maintain data integrity.

The role requires at least 1 year of accounting experience, a degree in accounting, and strong Excel skills. The position offers hybrid work and competitive benefits.

Qualifications

• Bachelor's degree in accounting or related field required or equivalent experience.
• Minimum of 1 year of relevant professional accounting experience.
• Strong knowledge of accounting principles related to investments is a plus.
• Demonstrated decision-making and analytical skills.
• Strong written and oral communication skills.
• Ability to maintain cross-divisional relationships.

Responsibilities

• Assist in preparing the investment portion of quarterly and annual filings with regulators and auditors.
• Complete monthly close of the PAM securities system and record assets, income, and gains/losses with proper GAAP/Statutory guidance.
• Collaborate across departments to ensure accuracy of investment deals and transactions.
• Prepare additional periodic reporting as requested.
• Work with external partners to ensure reporting accuracy.

Skills

Analytical skills

Decision-making

Attention to detail

Cross-department collaboration

Self-motivation

Education

Bachelor's degree in accounting

Tools

Microsoft Excel

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

#LI-Hybrid

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

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,

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)

FIND YOUR FUTURE

We're excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and our commitment to a culture of belonging.

• Flexible work schedules
• Concierge service
• Comprehensive benefits
• Employee resource groups