Summary:
View the Distribution System’s finance and rewards structure broadly via helping to design rewards and then partnering to support office financials. Work with Field and Home Office Leaders to interpret office financials, influence Field Office decision making with financial analysis, and proactively identify risks, issues and opportunities for deeper analysis. Involved in the design projects involving the evaluation, resolution and implementation of Field compensation, benefits and recognition programs considering the implications of all stakeholders. Provide guidance and support to the Field consultation roles (e.g., Principals and Field financial consultants) and the Field offices you support.
Primary Duties & Responsibilities:
Proactively identify Network Office financial issues and assist the Principals and internal management in resolving by providing research and resolution options, considering financial performance management standards, guidelines and accountabilities.
Participate in interdepartmental projects related to the development of Field compensation, benefits and recognition for products or distribution initiatives. Perform analysis required for the assignment, including development of financial models. Manage the project work including the scope, schedule and documentation of research, analysis, modeling and presentation of implications to all stakeholders (financial representatives, Field management and policyowner/home office).
Develop educational and promotional materials regarding the financial representative and Field management compensation packages. Provide guidance to company and Field regarding compensation, benefit and recognition programs through consultations.
Prepares financial scenarios using various financial modeling tools and concepts (Budgeting, Forecasting, NPV, ROI, etc. ) to direct decisions about investments in the Office.
Collaborate with the regional team, Field business partners and internal management to assess, define or propose investment strategies for the Office.
Regular review of financial results with Field and Home Office leaders assessing against budget, forecast and peer performance to identify areas of risk and opportunity for additional operational focus.
Gather and review competitor information to prepare comparisons to the company's Field compensation offerings. Provide guidance to company and Field individuals on competitor compensation.
Knowledge, Skills, & Abilities:
Bachelor’s Degree in Accounting, Finance, Actuarial Science, Mathematics or Economics
MBA, CFA or other relevant advanced degree preferred, but not required
Minimum of 5 years of related business experience working with financial statements, performing financial analysis & modeling using spreadsheet tools
Strong analytical skills with the proven ability to analyze business problems and make decisions
Demonstrated independent leadership and project management skills
High degree of personal initiative and ability to work independently managing multiple projects simultaneously in a fast-paced environment
Demonstrated ability to build rapport and influence at all levels within the Home Office and Field and participate in a cooperative team environment, comfortable working in a highly matrixed organization
5-10% travel time required
Compensation Range:
Pay Range - Start:
Pay Range - End:
$142,350.00Geographic Specific Pay Structure:
We believe in fairness and transparency. It’s why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you’re living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, click here to learn more.
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Northwestern Mutual is an equal opportunity employer who welcomes and encourages diversity in the workforce. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.