Northwestern Mutual
Start-Up Vibes with The Stability of a Fortune 100 Company.
Milwaukee, WI

Sr. Benefits Specialist (Milwaukee, WI)

| Milwaukee, WI
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At Northwestern Mutual, we are strong, innovative and growing. We invest in our people. We care and make a positive difference.
At Northwestern Mutual, our vision is to deliver financial security to help our clients live their best lives by choice. A key pillar of our vision and success is our strong, vibrant sales force. The Career Distribution (CD) function is at the forefront of working across the home office and sales force as one team to achieve the sales and growth objectives the company expects, while delivering the experience our distribution needs and deserves.
What's the role?
The Senior Field Benefits Specialist delivers pre-retirement planning consultations for financial representatives. Administers Agents Retirement Program including non-qualified plan benefit payments. Serves as subject matter expert regarding benefits rules and regulations. Ensures legal compliance of processes and procedures through interpretation of applicable regulations. Communicates complex information to plan participants, makes decisions regarding plan administration. Assists with consulting and administration for management benefit programs. Serves as project leader for the Total Rewards Statement for Financial Representatives including determining layout and design, analyzing and supplying the data to an outside vendor, testing the benefits, compensation, and retirement contributions data, distributing the statements and responding to questions. Participates in the analysis, design and development of new benefit programs.
Primary Duties & Responsibilities:
Accountable for the design and delivery of pre-retirement planning consultations for financial representatives.
Administers the Agents Retirement Program including non-qualified plan benefit payments. Interprets and translates complex information and provides consultation to the field on all aspects of retirement. Serves as subject matter expert regarding benefits rules and regulations. Ensures legal compliance of processes and procedures through the interpretation of applicable regulations.
Serves as project leader for the Total Rewards Statement for Financial Representatives including determining layout and design, analyzing and supplying the data to an outside vendor, testing the benefits, compensation, and retirement contributions data, distributing the statements and responding to questions.
Coordinates other special projects as needed (e.g., Plan audits, vendor management, continuous learning initiatives, etc.).
Acts as primary liaison to the Actuarial and Law Dept. regarding retirement plan issues.
Ensures compliance with regulations affecting benefit programs.
Assists with the consulting and administration for management benefit programs, including financial consulting on post-retirement income projections generated from retirement programs as well as financial contractual agreements between the company and field personnel.
Participates in the analysis, design and development of new benefit programs.
Participates in the analysis, design, and development of new systems related to field benefits (i.e. ACH, deferred income database).
Provide financial analysis to Home Office and field force on both qualified and non-qualified benefit plans. (i.e. 5500's, SAR's, GASIP, DASIP, ARP, PFGF, Spreadout/Deferred Income).
Provides guidance to Field Benefits team on benefit/retirement/deferred compensation plans.
Bring your best! What the role requires:
Bachelor's Degree in Business, Human Resources, Finance, or related field OR equivalent combination of education and experience.
Minimum five years of experience in the administration of qualified and non-qualified employee benefit programs.
In-depth knowledge and understanding of the Agents Retirement Plan, the Persistency Fee Guarantee Fund Plan, non-qualified plans, deferred compensation plans, ERISA requirements and a solid understanding of federal and state regulations and tax laws.
Must have the ability to interpret, translate and convey complex information to plan participants in an understandable manner.
Strong analytical and problem-solving skills, ability to make decisions, and to communicate effectively with employees of all levels.
A high degree of customer focus, foresight to ask questions when consulting with customers and the ability to maintain good relationships with all customers.
Must be flexible, detail-oriented, and able to manage multiple tasks and meet deadlines.
>CBP and/or CEBS preferred.
Benefits:
  • Competitive base pay!
  • 401K
  • Pension plan
  • Educational assistance
  • Performance based incentive pay
  • Medical, dental and vision insurance
  • Parental leave
  • Caregiver time off
  • ....and more

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
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Grow your career with a best-in-class company that puts our client's interests at the center of all we do. Get started now!
W e 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.
If you work or would be working in Colorado or outside of a Corporate location, please click here for information pertaining to compensation and benefits.
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What are Northwestern Mutual Perks + Benefits

Northwestern Mutual Benefits Overview

Whether providing education assistance, competitive health benefits or time off for community service, Northwestern Mutual is committed to supporting employees so they can live their best lives. 

Culture
Volunteer in local community
Partners with Nonprofits
Friends outside of work
Eat lunch together
Intracompany committees
Team based strategic planning
Group brainstorming sessions
Diversity
Dedicated Diversity/Inclusion Staff
Unconscious bias training
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Onsite Gym
Mental Health Benefits
Retirement & Stock Options Benefits
401(K)
Northwestern Mutual offers a pension plan for employees.
Performance Bonus
Child Care & Parental Leave Benefits
Generous Parental Leave
Flexible Work Schedule
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Free Daily Meals
Professional Development Benefits
Tuition Reimbursement
Diversity Program
Cross functional training encouraged
Promote from within
Mentorship program

An Insider's view of Northwestern Mutual

What’s the vibe like in the office?

We’re not afraid to explore or experiment. Everyone has a voice. You can really make an impact—especially with a fresh perspective.

Kedasha Kerr

Software Engineer

How do you collaborate with other teams in the company?

NM has always been known for it’s culture. To this day, I have still not received a “no”, when asking a colleague for a lunch or coffee meeting. Networking was an invaluable part of my internship experience that allowed me to determine where I wanted to go within the Cyber Security domain.

Chester LeBron

Senior Cybersecurity Engineer

How does the company support your career growth?

I started as an intern and worked my way up. Northwestern Mutual made it so easy to network and learn, then they empowered me to go out and achieve.

Chris Coleman

Regional Financial Consultant

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