Northwestern Mutual

Financial Planning & Analysis Analyst

Northwestern Mutual • $65K — $98K *
Milwaukee, WI 53215In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting, finance, business administration, or related field; accounting emphasis preferred.
  • 3+ years of experience in financial management or financial planning and analysis.
  • Strong analytical and problem-solving skills.
  • Experience in developing and interpreting financial models.
  • Ability to communicate effectively with varied levels of management.
  • CPA or CMA designation preferred.

Responsibilities

  • Identify and resolve routine issues in collaboration with departments.
  • Support managers in understanding cost structures and departmental operations.
  • Coordinate and report monthly expenses for financial tracking.
  • Monitor spending and develop forecasts with budget insights.
  • Apply innovative thinking to enhance expense management processes.
  • Build financial models to analyze business performance and outcomes.
  • Ensure compliance with accounting policies and general ledger accuracy.

Benefits

  • Collaborative work environment promoting cross-departmental communication.
  • Opportunities to engage with senior management and executive officers.
  • Support for special projects enhancing financial reporting and analysis.
  • Scope for creative and process improvement contributions.
  • Potential involvement with advanced financial reporting systems like PeopleSoft and IBM TM1.
Full Job Description
About the Job:

Support the Company's overall expense management process, focusing on ensuring optimal use of Company resources and ultimately protecting or maintaining product value and financial strength either at the corporate level or for an assigned function/department. Develop timely and accurate expense reporting and provide value-added expense management consultation and analysis. This includes consulting with business partners and building financial models to evaluate strategic decisions, providing financial analysis, developing forecasts and budgets, comparing expectations to peers and/or internal expectations, evaluating and presenting options and prioritizing solutions within the department. May interact with executive officers, department heads, and other members of senior management to provide meaningful expense management consultation and analysis, and presents recommendations to aid in decision-making.

What You'll Do:
  • Identifies issues for routine casework and participates in discussions to resolve those issues across departments. Makes decisions on more complex casework after consulting with higher level staff.
  • Supports managers and directors to understand department operations and resulting cost structure.
  • Coordinates monthly reporting of all expenses to meet financial reporting needs of the department.
  • Monitors spend, develops forecasts and budgets and analyzes expense results.
  • Applies creativity and innovation in identifying process improvements and other opportunities for the departments to better manage expenses or reduce spend.
  • Builds financial models to predict and understand the business as well as actual results.
  • Understands cost drivers, internal metrics, unit costs and benchmarking for tracking and comparing results.
  • Challenges assumptions made in forecasts and projections.
  • Assures that all expense activity follows the appropriate accounting controls, policies and procedures and is appropriately accounted for on the general ledger in compliance with statutory and/or GAAP accounting standards.
  • May be responsible for maintaining aspects of the financial reporting systems (Such as PeopleSoft, IBM TM1 system, Apptio, or Project Portfolio Management).
  • May be responsible for corporate expense projections, metrics, fixed assets, accounting for payroll, fixed assets and intercompany charges between NM and its subsidiaries, and procure to pay process or other corporate processes.
  • Supports special projects and assignments related to expense management, product line allocations, financial reporting, process improvements, or other projects as requested by division leaders.
  • May collaborate with other enterprise resources in Human Resources, Corporate Strategy or Planning Coordinators.


What Experience You'll Bring:
  • Bachelor's degree in accounting, finance, business administration, or related degree with accounting emphasis preferred.
  • Typically three or more years of financial management experience and/or financial planning and analysis experience.
  • Analytical, planning, organization, budgeting, problem solving, negotiation, oral and written communication skills are essential to this role.
  • Ability to develop and interpret financial models for analysis.
  • Ability to maintain confidentiality and manage multiple assignments concurrently while effectively prioritizing.
  • Ability to develop and present recommendations to management.
  • Ability to communicate clearly with peers and at different levels of management within finance and across the company.
  • CPA or CMA designation is preferred.


#LI-Onsite, #LI-Hybrid

Compensation Range:

Pay Range - Start:
$65,440.00

Pay Range - End:
$98,160.00

Geographic Specific Pay Structure:

Structure 110:
$72,000.00 USD - $108,000.00 USD

Structure 115:

$75,280.00 USD - $112,920.00 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.

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
Finance & Insurance
* Ladders Estimates

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