Accounting Internship, Year-Round

This is a year-long internship. Internship candidates can expect a full-time onsite internship program during the summer and part-time during the school year.

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:

• Tax: 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.

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Pay Range - End:

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.

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