Controllers Accounting Internship

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 enhancing the engagement of those who bring their unique 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.

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:

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.

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.

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.