Wealth Accounting Lead

NORTHWESTERN MUTUAL LIFE INSURANCE • Milwaukee, WI • 3h ago

JOB REQUIREMENTS: About the Job: The Wealth Accounting Lead will
independently perform financial accounting functions, and related
control activities, for assigned products and processes to ensure
conformance with statutory and GAAP accounting standards, as well as
compliance with FINRA and SEC regulations. Owns the preparation and
analysis of complex product line financial results. Analyzes numerous
and sophisticated contract administration systems to ensure the accuracy
of product accounting information and identify potential enhancements to
improve efficiency. Represents the Department in enterprise-wide system
and/or process development activities related to products. What You\'ll
Do: Independently performs financial accounting functions for assigned
products and processes to ensure conformance with both statutory and
GAAP accounting standards. Includes accounting transactions and balances
related to revenue, fees, expenses, field compensation, and associated
suspense accounts. Ensures the accuracy of the accounting generated by
numerous contract administration systems as well as any vital manual
accounting. Researches and resolves complex reconciliation issues,
imbalances and open suspense items. Provides mentorship and coaching to
others in the Division performing accounting and control activities.
Analyzes balance sheet and income statement accounts to ensure the
accuracy of accounting. Maintains an effective internal control
environment and ensures continued compliance with FINRA and SEC
regulations. Performs accurate, timely and value-added complex core
financial statement and analytical reporting products for product lines
on both a statutory and GAAP basis. Prepares reports and information for
inclusion in Board reporting, regulatory filings and other management
financial reports. Analyzes financial activity for alignment with
expectations and the identification of trends or unusual items. Utilizes
operational indicators, business plans/projections and actuarial
information in this analysis. Analyzes product accounting and related
administration systems to identify potential enhancements to improve
accuracy and efficiency. Leads efforts to implement system or process
improvements, including those involving change in the operating
departments. Collaborates with project teams to acquire a thorough
understanding of changes. Independently develops and delivers
comprehensive and clear accounting, reporting and testing requirements.
Ensures that adequate accounting control structures are designed and
implemented, and all necessary accounting information is completely and
accurately recorded in the financial accounting systems. Leads ongoing
sustainability efforts to ensure continued compliance with the NAIC
Model Audit Rule for assigned significant processes. Independently plans
a sustainability approach and... For full info follow application link.
EEO/AA Employer/Vets/Disability *** APPLICATION INSTRUCTIONS:
Apply Online: ipc.us/t/223EF22876BC4B10 Qualified females, minorities,
and special disabled veterans and other veterans are encouraged to
apply.

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