Risk Product Accounting Specialist

JOB REQUIREMENTS: At Northwestern Mutual, we are strong, innovative and
growing. We invest in our people. We care and make a positive
difference. Summary: Performs financial accounting functions, and
related control activities, for assigned products, systems, and
processes to ensure accuracy and conformance with statutory accounting
standards. Researches and resolves system and accounting issues, and
analyzes contract administration and financial systems to identify
potential enhancements to strengthen controls and improve efficiency.
Prepares financial and analytical information to support regulatory
compliance and operational functions. Participates in cross-department
product and system implementation projects. Primary Duties &
Responsibilities: Performs financial accounting functions, and related
control activities, for assigned products, systems, and processes to
ensure conformance with statutory accounting standards. Ensures the
accuracy of the accounting generated by contract administration systems
and any necessary manual accounting. Analyzes financial activity for
alignment with expectations and the identification of trends or unusual
items. Prepares and reviews account reconciliations in accordance with
division policy and department financial close timelines. May include
accounting transactions and balances related to premiums/fees, policy
benefits, dividends, reinsurance, field compensation, cash, unclaimed
property, and associated suspense accounts. Develops and maintains an
understanding of the business transactions and related accounting
performed by contract administration and cash/client fund systems (e.g.,
cash disbursement system). Maintains working knowledge of the financial
reconciliation system. Coordinates timely research and resolution of
system and accounting issues with operating and IS department contacts.
Identifies potential enhancements to improve accuracy and efficiency,
and leads or assists in efforts to implement changes. Provides guidance
to other division staff and the operating areas performing accounting,
control, and servicing activities. Represents the Division on audits,
task forces, and other special projects related to risk products. Acts
as a contact for external auditors in their examination of the annual
financial statements. May assist in the implementation of new accounting
and reporting requirements and standards impacting products. Assists in
cross-department efforts to implement new and enhanced products and
systems. Develops and delivers accounting, reporting, and testing
requirements, and performs testing, with some guidance from manager.
Works with other team members to ensure that adequate accounting control
structures are designed and implemented, and all necessary accounting
information is completely and accurately recorded in the financial
accounting systems. Qualifications: Bachelors degree in accounting, or
related… For full info follow application link. EEO/AA
Employer/Vets/Disability APPLICATION INSTRUCTIONS: Apply
Online: ipc.us/t/2EA3C40118C0432C Qualified females, minorities, and
special disabled veterans and other veterans are encouraged to apply.