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Assistant Director Wealth Accounting

Northwestern Mutual Life Insurance Company

MILWAUKEE, WIJobSeen todaySeen in employer's feed today

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At a glance

Compensation
No compensation found
Location
MILWAUKEE, WI
Work Authorization
Not specified

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Job overview

The Assistant Director Wealth Accounting oversees financial accounting and related controls for Northwestern Mutual’s investment product subsidiaries, including wealth management and investment services. The role coordinates monthly close activities, reviews financial statements and analysis, supports planning and forecasting, and manages audit and regulatory information delivery. It also leads improvements to accounting capabilities and systems, promotes effective controls and automation, and collaborates across Finance, IT, operating departments, and external partners.

Skills & qualifications

RequiredNice to have

Skills

Financial AccountingAccounting ControlsFinancial AnalysisFinancial PlanningForecastingAccounting SystemsReconciliationRegulatory ReportingChange Management

Full job description

JOB REQUIREMENTS: About the Job: Oversees the financial accounting functions for the Company's investment product subsidiaries, the Wealth Management Company (WMC) and Northwestern Mutual Investment Services, LLC. (NMIS), and related control activities, for products, systems, and processes to ensure conformance with GAAP standards and securities and banking laws. Coordinates the monthly close process and provides quality assurance review for accurate, timely and value-added financial statement and analytical reporting products. Leads the development and continuous improvement of key business capabilities that align with the goals and strategies of the Finance Department. What You'll Do: Maintains accounting control standards and documentation for wealth transactions and balances. Collaborates with process owners across the Company to ensure continued compliance with the internal control requirements. Includes all transactions and balances of the broker dealer and wealth management company. Provides subject matter expertise in all stages of projects, generally cross-departmental strategic efforts with high risk and/or significant complexity, for assigned products, systems, and processes. Represents and advocates for finance involvement, identifies and communicates key issues, and shares best practices and insights on wealth related systems projects. Ensures that all necessary financial accounting information is completely and accurately captured in the financial accounting systems. Influences other leaders to employ system functionality and business processes that support efficiency and the required accounting and control needs. Manages change within Finance, IT, and operating departments. Supervises the preparation of accurate and timely month-end close processes. Performs detailed quality assurance review over the trial balance and provide value-added financial analysis for assigned products and processes. Supports the financial planning and forecasting function through the delivery of financial records and analysis. Manages the delivery of information for financial and regulatory audits and exams. Manages key relationships with external business partners as it relates to the financial close. Leads the development and continuous improvement of key business capabilities (e.g., financial analysis, transactional accounting and reconciliation in support of operational and regulatory reporting) that align with the goals and strategies of the Finance Department. Promotes and utilizes principles such as visibility and access to accounting information, simplification and flexibility of accounting programs and configuration, increased automation of accounting entries and processes, strengthening of internal controls, and prevention of accounting issues and variances. Continuously evaluates the maturity of capabilities and develops a vision for the future state. Collaborates... For full info follow application link. EEO/AA Employer/Vets/Disability ***** APPLICATION INSTRUCTIONS: Apply Online: ipc.us/t/0070951E6A38488A Qualified females, minorities, and special disabled veterans and other veterans are encouraged to apply.

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