Carefully selected from universities across the country, our interns bring distinctive ideas and perspectives to our organization. Our employees are passionate about building our emerging talent and future leaders. In addition to their day-to-day tasks, interns participate in professional development workshops, senior leadership Q&A's, volunteer initiatives, networking/social events, and more!
Accounting Internship
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:
- T ax: 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.
- 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.
- Enterprise Accounting : Reconciles cash balances for Northwestern Mutual, subsidiaries and affiliates. Performs manual accounting for Enterprise focused activities and Unclaimed Property reporting.
- Risk Product Accounting : Assists with ensuring that financial activity for insurance and annuity products and related field compensation are appropriately accounted for in the general ledger. Prepares and/or approves journal entries, account and system balancing reconciliations and investigates and resolves any findings by working with systems, client services and field services contacts. Prepares complex quarterly regulatory state reporting schedules and analysis. Collaborates on process improvement projects and external audit requests.
- Financial Planning, Reporting, & Analysis - IPS : Assures that financial activity related to Northwestern Mutual's 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.
Bring Your Best! What this role needs. Minimum qualifications
- Pursuing a Bachelor's degree in Accounting, Finance or related field from an accredited college or university
- Cumulative grade point average of 3.0 or higher
- Previous work or classroom experience in one or more of the following: Accounting, Finance
- Employer immigration sponsorship is not available for this role
Preferred skills and proficiencies
- Previous Accounting, Finance internship and/or relevant project experience
- Effective oral and written communication skills
- Demonstrated analytical and problem-solving ability
- High degree of self-motivation, passion, and a drive to learn
- Ability to balance multiple priorities
Next steps
We encourage you to apply! Once your application is reviewed, if selected to move forward, our UR team members will reach out for a call, where we will learn more about you and share internship opportunities aligning to your interests and skillsets and share any next steps of our recruiting process.
Who we are
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 improving the engagement of those who bring their outstanding perspectives, ideas, and beliefs. At Northwestern Mutual, people matter. And you'll be working for a company that's consistently voted among the "most admired" in the nation. We invite you to explore your career interests with us.
#LI-hybrid
Compensation Range:
Pay Range - Start:
$16.50
Pay Range - End:
$30.00
We believe in fairness and transparency. It's why we share the salary range for most of our roles. Internship salaries are determined based on academic tenure and major. The standard pay structure is listed.
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!
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.
FIND YOUR FUTURE
We're excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and our commitment to a culture of belonging.
- Flexible work schedules
- Concierge service
- Comprehensive benefits
- Employee resource groups
Top Skills
What the Team is Saying
What We Do
You’ll Like It Here
At Northwestern Mutual, we believe that our lives and our work matter. And that doing what’s right is good for everyone. We follow through by designing tech that improves the community and cultivating creative ways to make finance accessible anywhere. These guiding principles have allowed our company to grow for more than 160 years.
Here, you’ll be with a team who emphasizes integrity and prioritizes security to design experiences that better everyone. You’ll work in cross functional teams to create optimal solutions that are rooted in innovative strategy and thoughtful execution. And you’re provided development tools and opportunities to become a leader all with the support of a collaborative team. You’ll be surrounded in a culture that values innovation and works to always evolve to stay ahead of trends and client needs.
We are intentional in seeking out team members who will challenge us. Our employees choose us for the career opportunities, commitment to philanthropy and desire to have a meaningful impact in the lives of our clients. You have career passions and goals. We have ambition and opportunity for you to grow your future in tech. Discover today: https://careers.northwesternmutual.com/
Why Work With Us
We invest in our people. We know careers are about choices, so we provide intentional opportunity. Here you can build creative ways to make finance accessible anywhere and revolutionize traditional processes. As a mutual company, our focus is our people — whether professional development or investments in the community.
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Northwestern Mutual Teams
Northwestern Mutual Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
We offer a flexible, hybrid approach for our employees . Teams are in the office a few days a week and work from home the others.
