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Staff Accountant

Company: Northwestern Mutual-Chicagoland
Location: Downers Grove
Posted on: May 13, 2022

Job Description:

NORTHWESTERN MUTUAL-CHICAGOLAND
Staff Accountant
The staff accountant position is responsible for the day-to-day accounting function of office operations which may include network office Risk, and IPS lines of business; the accounting duties also include district network offices and individual advisors. Hybrid work and competitive pay.
You are a prospective fit for this role if---..

  • You're constantly curious, always asking "why," connecting the dots, and seeking to solve problems
  • You are obsessed with details, organization, and order
  • You can work autonomously and collaboratively
  • You have excellent oral and written communication skills
  • You have confidence in a variety of settings. Being able to hold your own, think on your feet, and answer questions directly
  • You are trustworthy, committed to confidentiality, and show unparalleled integrity
  • You are discerning, can judge situations with contemplation, and can read people with clarity
  • You are dedicated to continuous improvement and efficiency, you possess a knack for maximizing time, prioritizing tasks, and streamlining processes
  • You are a utility player who can pivot between different areas of support
  • Three or more years of experience in accounting, including general ledger maintenance, annual tax filings, and payroll.
  • Proficiency in the use of Microsoft Office, specifically Excel, and technological savvy. Knowledge of standard accounting software programs, including Quicken personal finance software, preferred.
  • Strong presentation, persuasion, problem solving, oral and written communication skills.
    Bonus points for------
    • CPA
    • 5+ years' experience Essential Duties and Responsibilities
      Focused on accounting functions
      Work collaboratively with the Senior Director of Finance to: Manage accounts payable/reimbursements. Pay network office bills. Manage accounts payable to properly plan cash flow so that expenses are paid in a timely fashion. Maintain accurate files of invoices or other source documents. Payroll. Process payroll and maintain accurate records of wages, benefits, and taxes. Monitor payroll activity to ensure that it is being properly executed by the outside 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 schedules. Record amortization/depreciation expense on a monthly basis.
      • Manage the transfer of funds between Risk and IPS and district network offices.
      • Reconcile bank accounts including Risk, IPS, DNOs & Advisors monthly.
      • Assist preparation of all information for outside accountant to complete tax returns.
      • Educate new financial representatives on how their compensation is paid through commissions, fees, and bonuses.

Keywords: Northwestern Mutual-Chicagoland, Downers Grove , Staff Accountant, Accounting, Auditing , Downers Grove, Illinois

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