Northwestern Mutual

Asst Dir MSA Finance and Admin

Northwestern Mutual$118K — $205K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in business, economics, finance, accounting, or related field; advanced degree preferred
  • At least 8 years of experience in financial concepts and strategic operational planning
  • Minimum of 5 years in investment management and/or financial services
  • Strong strategic thinking and judgment for business planning
  • Excellent verbal and written communication skills
  • Proven ability to lead and influence others
  • Strong organizational skills and attention to detail

Responsibilities

  • Support budgeting, forecasting, profitability, pricing, and financial controls for MSA
  • Coordinate with Finance Department on revenue and expense management
  • Monitor financial aspects and contracts of MSA’s vendors
  • Maintain understanding of inter-company agreements with affiliates
  • Provide financial insights for business plans regarding MSA and its advised funds
  • Prepare board materials focused on fees, expenses, and profitability
  • Review subadvisory fee trends for competitiveness and manage arrangements
  • Enhance data collection efficiency through process optimization and technology

Benefits

  • Opportunities for career advancement
  • Supportive work environment with focus on clients
  • Exposure to high-level financial operations and decision-making
  • Engagement with board of directors and industry trends
  • Possibility for professional development and skills enhancement
Full Job Description

Summary

Mason Street Advisors (MSA) manages over $42 billion in assets across 34 individual funds and 2 mutual fund clients. These funds are exclusively offered through Northwestern Mutual advisory services and variable insurance and annuity products. This position is responsible for budgeting, profitability and pricing for MSA and the funds for which it serves as investment adviser. This position also supports the planning and execution of MSA’s subadvisory oversight, supervision and reporting responsibilities.  

Primary Duties & Responsibilities

  • Support the budgeting, forecasting, profitability, pricing and financial controls for MSA
  • Coordinate with the Finance Department regarding revenue and expense management 
  • Monitor the financial aspects and contracts of MSA’s vendors
  • Maintain a keen understanding of inter-company agreements between MSA and its affiliates
  • Provide financial perspective on specific business plans and initiatives relating to MSA and the funds advised by MSA 
  • Prepare materials and reports to the board of directors of MSA’s mutual fund clients, with a focus on fees, expenses and profitability
  • Maintain awareness of subadvisory fee trends within the industry and review existing and prospective subadvisory fee arrangements for competitiveness
  • Support the day-to-day activities for the maintenance and enhancement of sub-advisory oversight and supervision, including board reporting
  • Identify opportunities to increase efficiency in data collection, organization and report creation through process optimization and emerging technologies

Qualifications

  • Bachelor’s degree required with a major in business, economics, finance, accounting or related field, with an advanced degree (such as MBA) or designation preferred
  • Minimum of 8 years’ experience, including solid knowledge of financial concepts and strategic operational planning
  • Minimum of 5 years of experience in investment management and/or financial services
  • Demonstrated ability to apply strategic thinking and sound judgment to support business planning and operational improvements
  • Superior verbal and written communication skills
  • Lead and influence others outside of a direct reporting relationship
  • Strong organizational skills and attention to detail
  • Ability to prioritize and work independently
  • Expertise in Microsoft Excel and Power BI
  • Strong knowledge of Microsoft Word and PowerPoint

Compensation Range:

Pay Range - Start:

$118,960.00

Pay Range - End:

$178,440.00

Geographic Specific Pay Structure:

Structure 110:

$130,880.00 USD - $196,320.00 USD

Structure 115:


$136,800.00 USD - $205,200.00 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 to learn more.


Grow your career with a best-in-class company that puts our clients' interests at the center of all we do. Get started now!


About Northwestern Mutual

Northwestern Mutual has been helping people and businesses achieve financial security for more than 160 years. Through a holistic planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what's most important. Northwestern Mutual delivers financial security to millions with life, disability income and long-term care insurance, annuities, and brokerage and advisory services. The company manages billion of dollars of investments owned by its clients and held or managed through its wealth management and investment services businesses. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (securities), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company® (NMWMC) (fiduciary and fee-based financial planning services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance).

Northwestern Mutual Careers

Joining Northwestern Mutual presents a unique opportunity to be part of a team that is dedicated to empowering personal and professional growth, innovation, and leadership in the financial services industry. As a company renowned for its commitment to excellence and a culture that values diversity and inclusion, Northwestern Mutual offers unparalleled job opportunities for both seasoned professionals and those at the start of their careers.

Work You’ll Do

At Northwestern Mutual, we believe in building strong relationships not only with our clients but also among our team members. By joining our team, you will collaborate with some of the most talented professionals in the industry, all united in their commitment to leadership and innovation. Our employees are equipped with top-tier benefits and diversity training that ensure their career journey is both rewarding and inclusive.

Explore Professional Growth and Development

Northwestern Mutual is committed to fostering an environment where career growth is not just a possibility but a priority. With a variety of positions available, from financial representatives to internships for budding professionals, our company is a place where your skills and passion can thrive. We provide extensive training programs and leadership development opportunities that prepare you for success in your current role and beyond.

Innovative Work Environment

Our team at Northwestern Mutual is at the forefront of integrating cutting-edge technology and innovative financial strategies to provide exceptional service to our clients. This focus on innovation is not just about staying current; it's about leading the way in the financial sector. Employees at all levels are encouraged to contribute ideas and take initiative, driving the company forward as a leader in the financial industry.

Be Part of Our Diverse and Inclusive Team

Diversity and inclusion are more than just buzzwords at Northwestern Mutual; they are integral to our company culture and business strategy. We are committed to creating a workplace where all employees can flourish. Our diversity training programs are designed to enhance understanding and foster an inclusive environment for all team members.

Networking and Career Advancement

Networking within Northwestern Mutual opens doors to expansive career advancement opportunities. We encourage our employees to engage in internal networking events, which often lead to mentorship and further career development. Whether you are looking to enhance your resume, prepare for an interview, or step into a leadership role, Northwestern Mutual provides the resources and support to help you achieve your professional goals.

Join Our Team

Search open positions that match your skills and interests. We are looking for passionate, curious, and solution-driven team players who are ready to take their career to the next level. Explore the job opportunities and internships available at Northwestern Mutual and find out how you can contribute to our legacy of innovation and leadership.

Stay Connected

Keep up to date with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities that await at Northwestern Mutual.

SEARCH NORTHWESTERN MUTUAL JOBS

Join us and start your journey at Northwestern Mutual today, where your career is nurtured, your skills are honed, and your achievements are celebrated.
Learn more about Northwestern Mutual
Size
7,000 employees
Industry

Similar Jobs

More Jobs at Northwestern Mutual

More Finance & Insurance Jobs

Find similar Asst Dir MSA Finance and Admin jobs: