Northwestern Mutual

Mutual Fund Administration Senior Specialist

Northwestern Mutual • $70K — $105K *
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 or Finance
  • Three years of accounting experience
  • Strong oral and written communication skills
  • Proven ability to meet strict deadlines
  • High degree of self-motivation
  • Demonstrated superior analytical and problem-solving skills
  • Ability to work well in a team environment

Responsibilities

  • Oversee outsourced service providers for fund accounting and pricing
  • Execute daily valuation controls for mutual funds
  • Prepare and review financial statements and disclosures
  • Provide financial information for internal and external customers
  • Ensure compliance with IRS, SEC, and other regulations
  • Research projects related to new products and regulatory changes
  • Lead small projects and assist on complex initiatives

Benefits

  • Flexible hybrid work arrangement
  • Continuous learning opportunities in relevant fields
  • Commitment to career growth within the organization
  • Access to a supportive team environment
Full 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 lead small project efforts and assist on complex 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. 
  • Recommends and reviews new methods to allow for added process/control improvements

 

What You'll Bring:

  • Bachelor's degree in Accounting or Finance 
  • Three years 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 
  • Demonstrated superior analytical and problem-solving ability 
  • Demonstrated ability to retrieve and utilize information from accounting system and other sources 
  • CPA or CPA candidate preferred 
  • Previous mutual fund administration, mutual fund accounting, or investment company audit experience preferred. 
  • A working knowledge of GAAP and/or tax accounting for investments. 
  • Ability to work well in a team environment 

Skills You'll Have:

  • 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. 
  • Demonstrates knowledge of various types of financial instruments such as stocks, bonds, derivatives, structured securities, and alternative investments to effectively engage with stakeholders involved in the investment process.
  • Demonstrates ability to understand and apply the concepts of internal controls over financial reporting and applicable business cycles (e.g., Budget, Expenditure, Revenue, Payroll, Property).
  • Pursues learning and obtains knowledge continuously in relevant fields, methods, or technologies in current and future practices; continuously utilizes critical thinking to identify opportunities, execute solutions, and measure impact to constantly improve existing practices and processes based on feedback, lessons learned, and market trends.

#LI-Hybrid

Compensation Range:

Pay Range - Start:

$70,320.00

Pay Range - End:

$105,480.00

Geographic Specific Pay Structure:

Structure 110:

$77,360.00 USD - $116,040.00 USD

Structure 115:

$80,880.00 USD - $121,320.00 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.


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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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