No experience
Employment Type:
Part time
Job Category:
Controllers Daily Operations Accounting Year-Round...
(This job is no longer available)
Grad Date

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Job Description

At Northwestern Mutual, we believe relationships are built on trust. That our lives and our work matter. These beliefs launched our company over 160 years ago. Today, they're just a few of the reasons why people choose to build careers at Northwestern Mutual.

We're strong and growing. In a company with such a long and storied history, this may be the most exciting and important time to be a part of Northwestern Mutual. We're strong, innovative and growing.

We invest in our people. We provide opportunities for employees to grow themselves, their career and in turn, our business.

We care. We make a positive difference in our communities. Nationally, thousands have benefitted from our support of research and programs to fight childhood cancer. Each year, our Foundation, employees and financial representatives donate time, talent and financial support to causes they're passionate about.

We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.

What's the role?

An Accounting Intern in the Controllers department will be assigned to one division of the department but have the opportunity to shadow the other divisions on a quarterly basis and potentially rotate to a different division after one year. The specific responsibilities within each division will vary. Basic responsibilities for all Interns include entry of general ledger journal entries into the accounting system, reconciliation of accounts, and completion of various projects that may be assigned. The function of each division within the Controllers department is as follows:

Investment Accounting: Assures that all financial activity related to the investment portfolios is accounted for in the general ledger. Monitors the financial results of the investments and prepares financial and compliance reports, analysis and disclosures to meet all reporting requirements.

Mutual Fund Accounting: Performs fund administration for the Northwestern Mutual Series Fund, the NMIMC Co-Investment Funds, and Separate Accounts. Oversees the Mutual Fund daily accounting, prepares and reports the financial and tax accounting results, and ensure fund compliance with SEC laws, IRS regulations, and internal investment restrictions.

Daily Operations Accounting: Reconciles cash balances for Northwestern Mutual, subsidiaries and affiliates. Performs manual accounting for Enterprise focused activities and Unclaimed Property reporting. This is a data entry position with potential for projects across the department

Risk Product Accounting: Assures that financial activity related to Northwestern Mutual's insurance and investment products are appropriately accounted for.

Tax: Completes federal, state and local corporate tax returns. Performs reporting and payment of local, state and federal taxes. Prepares estimates of income taxes and year-end tax accruals. Assures compliance with federal, state, local and foreign tax laws and regulations.

Financial Planning, Reporting, & Analysis: Coordinates, prepares and distributes financial statements and reports for various Northwestern Mutual entities. Measures, analyzes and reports on the financial results and key performance indicators for all product lines. Facilitates strategic planning, product pricing and profitability measurement and reporting. Assures that financial activity related to Northwestern Mutual's investment products are appropriately accounted for.

Data Solutions: Collaborates with others throughout the company to help them make better decisions, informed by the financials and the economics of our business. These informs decisions support maximizing project value and maintaining our financial strength while optimizing resources to deliver on our transformation. Our scope includes application support, new and emerging technology, data strategy, modeling, and visualization.

Bring Your Best! What this role needs:

* Ideal candidate will be a Sophomore enrolled as an Accounting major; must have passed a minimum of one (1) Accounting course
* Effective oral and written communication skills
* Demonstrated analytical and problem solving ability
* High degree of self-motivation and proven ability to meet strict daily deadlines
* Proven ability to work with a high degree of accuracy
* Displays a professional attitude
* Ability to effectively prioritize work and resolve routine problems
* Basic Microsoft applications experience


Part-time (20 hours per week) during school year and full-time (40 hours per week) during the summer break

Req ID: 26443

Position Type: Internship

Education Experience: Other

Employment Experience: 0-2 years


FLSA Status: Non-Exempt

Posting Date: 09/12/2019

About Northwestern Mutual - Princeton

The Northwestern Mutual Life Insurance Company - Milwaukee, WI (Northwestern Mutual) has helped clients achieve financial security for more than 150 years. Northwestern Mutual and its subsidiaries offer a holistic approach to financial security solutions including: life insurance, long-term care insurance, disability insurance, annuities, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; and Northwestern Long Term Care Insurance Company; and Russell Investments.