Mutual Fund Administration Specialist

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

Job summary

Northwestern Mutual Investment Services, LLC seeks a detail‑oriented professional to oversee outsourced fund accounting, valuations, and financial reporting for the Northwestern Mutual Series Fund and related accounts.

You will coordinate controls, prepare regulatory filings, and ensure compliance with IRS/SEC requirements while collaborating with traders, auditors, and external partners in a hybrid work environment.

Qualifications

• Bachelor's degree in Accounting or Finance required.
• 3 years or less accounting experience preferred.
• Strong oral and written communication skills.
• Ability to work with limited guidance and meet strict deadlines.
• Working knowledge of GAAP accounting for investments.

Responsibilities

• Perform oversight of outsourced service providers including fund accounting and pricing services.
• Coordinate controls over daily valuation of mutual funds.
• Prepare and review financial statements and related disclosures.
• Provide financial information to internal and external customers including regulatory filings for the SEC.
• Ensure mutual fund compliance with IRS, SEC and regulators.
• Engage in projects related to new products, funds, regulations, and system enhancements.
• Potentially assist on projects and identify book-to-tax differences.

Skills

Financial reporting

Analytical thinking

Attention to detail

Communication

Team collaboration

Problem solving

Self-motivation

Deadline-driven

GAAP accounting for investments

Education

Bachelor's degree in Accounting or Finance

Job description

About The Job

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.

What You’ll Do:

• 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.

What You’ll Bring:

• 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
• Previous mutual fund accounting or administration experience a plus.
• A working knowledge of GAAP accounting for investments.
• Ability to work well in a team environment

Skills You’ll Have:

• Applies knowledge and utilizes systems that facilitate or automate one or more business application solutions, including linking rules to workflow management and requirements acquisition.
• Establishes, analyzes and interprets compliance metrics. Defines and implements monitoring controls in order to communicate compliance status, risks, trends and monitors results to stakeholders
• Facilitates collaboration, communication, coordination, and planning with individuals and teams from different functions within the organization, and who have different areas of expertise, to achieve common goals
• Prepares and presents financial statements accurately and reports that summarize the financial performance and position of NM's products and services, adhering to accounting principles and regulatory requirements. This includes analyzing financial data, reconciling accounts, and effectively communicating financial information to internal and external stakeholders to facilitate decision-making and ensure transparency and compliance.

#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, click here to learn more.

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

Storytelling through Data (NM), Learning Agility & Critical Thinking (NM), Financial Reporting (NM), Cross Functional Partnering & Planning (NM), Business Automation (NM), Financial Reporting (NM), Process Improvement (NM), Statutes & Regulation (NM), Prioritization (NM), Internal Controls (NM), Compliance Metrics, Monitoring & Reporting (NM), Problem Management (NM), Analytical Thinking (NM), Compliance (NM), Attention to Detail (NM), Adaptive Communication (NM), Financial Accounting Principles (NM), Financial Analysis (NM), Consulting (NM), Audits (NM)