Investment Operations Associate

Northwestern Mutual; San Diego (CA); On-site; USD 65,000 - 75,000; Full time

Benefits offered by this job

PTO

401(k) with employer match

Subsidized health insurance premiums

Life and disability insurance

Job summary

Northwestern Mutual is seeking an Investment Operations Associate in San Diego to work with financial representatives, delivering comprehensive planning and investment support. You will help increase productivity by preparing analyses and materials for client meetings.

You will train reps, prepare Morningstar and Envestnet analyses, organize back-office services, and document case notes while maintaining accuracy in a fast-paced environment.

Qualifications

• Bachelor’s degree in business or finance or equivalent work experience.
• 2-5 years of financial services experience preferred.
• Licenses Series 63 and Series 6 or 7 to be obtained within the first 6 months of employment.
• Experience with brokerage and advisory platforms preferred.
• Proficient in Microsoft Office (Outlook, Word, Excel, PowerPoint).
• Strong analytical, communication, and organizational skills.

Responsibilities

• Promotes Northwestern Mutual planning culture, process, and tools.
• Provide training on Investment concepts, suitability, and product resources/tools.
• Monitors adherence to network office guidelines.
• Meet with representatives to discuss proposals, analysis, and assumptions.
• Identify opportunities and formulate strategies.
• Craft financial security solutions in clients' best interest.
• Share recommendations and coach for client presentations.
• Inform representatives of tax consequences and costs.

Skills

Analytical thinking

Communication skills

Organizational skills

Microsoft Office proficiency

Financial services experience

Planning process familiarity

Brokerage and advisory platforms

Education

Bachelor’s Degree in business/finance

Tools

Envestnet

Morningstar

Excel

Job description

GENERAL RESPONSIBILITIES

The Investment Operations Associate works with financial representatives (FRs) to deliver financial security to their clients through a comprehensive planning process that integrates risk and investment products. Associates help financial representatives increase productivity by providing planning and investment support.

Specific duties include but are not limited to:

Representative Training and Development

• Promotes, utilizes, and reinforces Northwestern Mutual planning culture, process, and tools.
• Provide training and knowledge transfer on Investment concepts, suitability, and product resources tools and procedures.
• Monitors and reinforces representative adherence with network office’s business guidelines.
• Meet with representative to discuss proposal, analysis, method, opinion and discuss all assumptions.
• Identify potential opportunities and constraints and assess information to formulate strategies.
• Craft financial security solution(s) accurately and in the best interest of clients.
• Share recommendations with representatives and coach to the delivery of a successful client presentation.
• Identify and inform representatives of tax consequences, costs, and applicable breakpoint information (e.g. sales charges, surrender charges, account transfer fees).

Proposal and Case Preparation

• Prepare Personal Planning Analysis.
• Prepare Envestnet proposal for Advisory clients.
• Prepare Morningstar Analysis.
• Recommend fund portfolio options.
• Gather information for registered representative’s meeting with client/prospect (e.g. prospectuses, annual reports, and Morningstar reports).

Account Services and Support

• Prepare all materials for all quarterly and annual reviews: investment summary, consolidated investment reports.
• Organize, manage, and coordinate back-office investment account services and support.
• Thoroughly document case notes, thought process, and analysis, and assumptions.
• General account servicing as directed by representative.
• Provide NMIS Operations backup support, as needed.

QUALIFICATIONS

• Strong analytical, problem solving, and written and verbal communication skills, with the ability to work well with others.
• Strong organizational and time management skills with the ability to set priorities and meet deadlines.
• Strong attention to detail, accuracy, and reliability with the ability to thrive in a fast-paced environment.
• Proficient knowledge in Microsoft Office (Outlook, Word, Excel, PowerPoint) with ability to learn various software programs quickly.
• 2-5 years of financial services experience preferred.
• Experience in utilizing a planning process or methodology preferred.
• Experience with both brokerage and advisory platforms preferred.
• Bachelor’s Degree in business, finance and/or equivalent work experience preferred.
• Life, Accident & Health insurance licenses to be obtained within the first 3-6 months of employment.
• Series 63 and either Series 6 or Series 7 to be obtained within the first 6 months of employment.

COMPENSATION & BENEFITS

• Competitive Compensation: Base salary of $65-75k with comprehensive benefits package that includes PTO, 401(k) with employer match, subsidized health insurance premiums, and life and disability insurance coverage.
• Career Development: Opportunities for continuous learning and growth with access to professional development resources and clear career pathways.
• Supportive Team Environment: Join a collaborative and motivated team committed to your success and career satisfaction.
• Networking Opportunities: Build connections within the financial services industry and local community through various events and initiatives.
• Impactful Work: Play a pivotal role in shaping the careers of students and future financial professionals.
• Recognition & Rewards: Celebrate achievements and milestones with a range of recognition programs and incentives.

EQUAL OPPORTUNITY EMPLOYER

Northwestern Mutual believes that every individual makes a significant contribution to our success and recognizes the diversity and worth of all individuals and groups. It is the policy of Northwestern Mutual that there will be no discrimination or harassment of individuals or groups based on race, color, religion, gender, sexual orientation, gender identity, gender expression, national origin, marital status, age, veteran status, genetic information or disability in any activities, or employment.