Northwestern Mutual

Controllers Accounting Internship

Posted on: 7 Mar 2021

Milwaukee, WI

Job Description

At Northwestern Mutual, we are strong, innovative and growing. We invest in our people. We care and make a positive difference.

Northwestern Mutual has been helping families and businesses achieve financial security for over 160 years through a distinctive planning approach that integrates risk management with wealth accumulation, preservation and distribution. With more than $290 billion in assets, $30 billion in revenues and more than $1.9 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.6 million clients. People are the power behind Northwestern Mutual, and diversity makes us better. We are committed to reflecting and serving the marketplace. We do so by attracting and enhancing the engagement of those who bring their unique perspectives, ideas, and beliefs. At Northwestern Mutual, people matter. And youll be working for a company thats consistently voted among the most admired in the nation. We invite you to explore your career interests with us.

JOB DESCRIPTION AND DUTIES

An Accounting Intern in the Controllers department will be assigned to one division of the department but have the opportunity to shadow other divisions. Basic responsibilities for most 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.

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 - IPS: Assures that financial activity related to Northwestern Mutuals investment products & services subsidiaries are appropriately accounted for. Measures, analyzes and reports on the financial results, business trends, and key performance indicators for investment products & services subsidiaries. Assists with external audit coordination and testing. Internal financial reporting to key stakeholders.

REQUIRED SKILLS AND COMPETENCIES:

* Actively enrolled as an Accounting major; must have completed/be currently enrolled in Intermediate 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

HOURS

* Part-Time hours (10-20 hours per week) mid-April, 2021 - end of May, 2021

* Full-Time hours (40 hours per week) June 1 - August 6, 2021

* Possibility of part-time hours extension after summer internship program, if qualified

Required Certifications:

Build a strong career foundation with a best-in-class company that puts our clients interests at the center of all we do. Get started now!

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.

Northwestern Mutual

Milwaukee, WI

The Northwestern Mutual is an American financial services mutual organization based in Milwaukee. The financial security company provides consultation on wealth and asset income protection, education planning, retirement planning, investment advisory services, trust and private client services, estate planning and business planning. Its products include life insurance, disability income, and long-term care insurance; annuities; investments; and investment advisory products and services.Northwestern Mutual ranked No. 104 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

 

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