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.
Responsibilities
Reviews the preparation of the financial statements and prepares the 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. Serves as a lead on project efforts.
Maintains book to tax differences and prepares the excise and fiscal tax calculations for the mutual funds.
Works with internal and external contacts such as information systems, investment traders, auditors, brokers, custodians, and investment advisors to achieve compliance with US GAAP and regulatory requirements.
Provides training and individual guidance on technical knowledge of fund administration. Serves as a resource to other team members.
Oversees and evaluates the work of third-party service providers, including fund accounting and custodial services, ensuring adherence to SLAs, internal controls and regulatory requirements.
Recommends and reviews new procedures to allow for added process/control improvements.
Identifies, researches, and resolves issues related to fund accounting, fund administration, and compliance.
Supports and maintains a robust internal control environment
Reviews the work of others
What You'll Bring To The Role
Bachelor's degree in accounting, finance or related field or equivalent education plus experience required.
Certified Public Accountant (CPA) designation preferred.
Minimum of 5 years of progressive professional experience in the investment company industry preferably in mutual fund administration or auditing registered investment companies.
Experience with highly complex security transactions.
A working knowledge of GAAP and tax accounting for investments
High degree of self-motivation.
Proven ability to meet strict deadlines.
Polished communication skills with the ability to interact and engage at multiple levels.
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.
#LI-Onsite
#LI-Hybrid
Compensation Range:
Pay Range - Start:
$81,280.00
Pay Range - End:
$121,920.00
Geographic Specific Pay Structure:
Structure 110:
$89,440.00 USD - $134,160.00 USD
Structure 115:
$93,440.00 USD - $140,160.00 USD
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Northwesternmutual · Milwaukee