The assistant staff accountant position is responsible for the day-to-day accounting function of office operations which may include network and district network office Risk and IPS lines of business.
Essential Duties and Responsibilities
Focused on accounting functions
Work collaboratively with the Staff Accountant or Chief Financial Officer, if applicable, to:
Manage accounts payable/reimbursements. Pay network office bills. Manage all aspects of accounts payable working with vendors to resolve issues and paying liabilities timely. Maintain accurate files of invoices or other source documents. Maintain adequate records for balances owed to the firm and follow up on receivables as necessary
Payroll. Assist office payroll processing including managing payment of payroll taxes and benefit plans via proper deductions. Maintain accurate records of wages, benefits, and taxes and payroll tax forms using 3rd party payroll processor. Monitor of all payroll activity to ensure proper follow up or execution by payroll service.
Pay financial representative commissions. Pay financial representatives commissions for Risk and IPS. Recover all financial representative debt on a timely basis. Prepare annual 1099 statements for financial representatives.
Daily data input into accounting system. Throughout the month, make entries into the accounting system, using proper double-entry accounting procedures, and complete input on a timely basis for month-end and year-end accounting.
For loans from the home office, prepare depreciation schedules, which match the loan repayment schedule or obtain depreciation entries from outside accountant for amortization of assets that do not follow the home office loan repayment schedu Record amortization/depreciation expense on a monthly basis.
Manage the transfer of funds between Risk, IPS, and district network office
Reconcile bank accounts including Risk, IPS, and the reconciliation of district network office bank accoun
Prepare all information for outside accountant to complete tax return
Educate new financial representatives on how their compensation is paid through commissions, fees, and bonu
The qualified candidate should have:
Three or more years of experience in accounting, including general ledger maintenance, annual tax filings, and payro
Proficiency in the use of Microsoft Office, specifically Excel, and technological savvy. Knowledge of standard accounting software programs, including QuickBooks personal finance software, preferr
Strong presentation, persuasion, problem solving, oral and written communication sk
Strong personal code of ethics, including maintaining confidentiality.
High self-motivation and strong organization sk
Ability to adapt and learn in a fast-paced and dynamic work environment
Team player and positive attitud
About Northwestern Mutual Chicagoland
Northwestern Mutual Chicagoland’s mission is to impact lives and build secure futures. We aim to live out this mission in the ways that we engage with our clients and our community. For over 160 years, Northwestern Mutual has been providing financial guidance to individuals, families, and business owners nationally. Our financial advisors and teams have the unique opportunity to be their own business owners while having a community of advisors to grow and develop with. Our clients are given the opportunity to work with someone in their local community who has the knowledge and skills necessary to develop a personalized financial plan. Northwestern Mutual representatives offer innovative solutions that help clients minimize financial risk and achieve financial security.