What are the responsibilities and job description for the Investment Client Srvcs Spec (NRF) Fees and Billing- Hybrid position at Northwestern Mutual?
The Fees and Billing Specialist independently processes various billing workflows and work baskets and responds to billing inquiries from home office and field staff. The role participates in cross‑functional projects and committees and assists teammates with oversight of day‑to‑day operations, including developing, recommending, and implementing new policies and procedures. The Specialist independently seeks out, investigates, and implements billing‑related process improvements.
Principal Accountabilities
Attention to Detail (NM)Focuses on specific details to identify and correct errors before they are discovered and consistently exceeds quality expectations. Performs work with thorough proofreading to ensure accuracy, clarity, and overall quality in presentation and content.
Continuous Improvement (NM)Utilizes available methods to identify improvement opportunities, executes solutions, and measures impact to enhance existing practices and processes. Implements feedback and lessons learned, and applies the ability to test assumptions and hypotheses to refine and improve products at any stage of the lifecycle.
Process Improvement (NM)Assesses current processes and their impact to analyze, design, and manage improvement opportunities that drive more efficient and effective workflows.
This position has been classified as an Associated Person under NMIS guidelines and requires fingerprinting and completion of required form.Non-Registered Fingerprinted - FINRA
Compensation Range
Pay Range - Start:
$56,640.00
Pay Range - End
$84,960.00
Structure 110
Geographic Specific Pay Structure:
Structure 115
We believe in fairness and transparency. It’s why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you’re living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, click here to learn more.
Grow your career 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.
Skills
Policy Inquiries & Complaints Management (NM) - Intermediate, Customer Service Mindset (NM) - Intermediate, Industry Knowledge (NM) - Intermediate, Prioritization (NM) - Intermediate, Policy & Procedure (NM) - Intermediate, Process Improvement (NM) - Intermediate, Technical Problem Solving (NM) - Intermediate, Field Consulting (NM) - Intermediate, Cross Functional Partnering & Planning (NM) - Intermediate, Business Acumen (NM) - Intermediate, Consulting (NM) - Intermediate, Compliance (NM) - Intermediate, Customer Centricity (NM) - Intermediate, Analytical Thinking (NM) - Intermediate, Adaptive Communication (NM) - Intermediate, Root Cause Analysis & Decision Quality (NM) - Intermediate, Attention to Detail (NM) - Intermediate, Financial Services Industry Acumen (NM) - Intermediate, Audits (NM) - Intermediate, Change Adaptability (NM) - Intermediate, Customer Support (NM) - Intermediate, Investment Management Systems (NM) - Intermediate, Organization (NM) - Intermediate, Tax Awareness (NM) - Intermediate, Investment Products (NM) - Intermediate
FIND YOUR FUTURE
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.
Principal Accountabilities
- Responsible for the day‑to‑day operations of fees and billing team processes.
- Reviews and analyzes reports to determine appropriate actions to update billing and custodial systems to ensure accurate client billing.
- Researches and resolves a variety of inquiries from internal teams related to fee and billing processes.
- Monitors, reconciles, and executes events in the investment advisory fee cycle to ensure proper billing and adjustments impacting client accounts and advisor compensation.
- Participates in cross‑functional projects and committees.
- Resolves a variety of investment operations inquiries escalated from home office and field staff, using industry knowledge and analytical skills to resolve issues.
- Participates in process improvements, product introductions, and system enhancements across the department, including system testing for projects and system maintenance requiring operational expertise.
- Bachelor’s degree in Business or a related field, or equivalent industry experience.
- Broad professional knowledge of the investment industry gained through a minimum of three years in an investment services or operations role.
- Demonstrated analytical skills and the ability to make sound judgments in ambiguous situations.
- Self‑motivated and self‑directed, with the ability to manage multiple assignments with minimal guidance.
- Strong interpersonal, written communication, and Excel skills.
- Demonstrated ability to positively influence and work cooperatively with employees at all levels.
- Demonstrated ability to proactively adapt to change.
- Strong technical knowledge of operational aspects related to brokerage and advisory services and products.
Attention to Detail (NM)Focuses on specific details to identify and correct errors before they are discovered and consistently exceeds quality expectations. Performs work with thorough proofreading to ensure accuracy, clarity, and overall quality in presentation and content.
Continuous Improvement (NM)Utilizes available methods to identify improvement opportunities, executes solutions, and measures impact to enhance existing practices and processes. Implements feedback and lessons learned, and applies the ability to test assumptions and hypotheses to refine and improve products at any stage of the lifecycle.
Process Improvement (NM)Assesses current processes and their impact to analyze, design, and manage improvement opportunities that drive more efficient and effective workflows.
This position has been classified as an Associated Person under NMIS guidelines and requires fingerprinting and completion of required form.Non-Registered Fingerprinted - FINRA
Compensation Range
Pay Range - Start:
$56,640.00
Pay Range - End
$84,960.00
Structure 110
Geographic Specific Pay Structure:
Structure 115
We believe in fairness and transparency. It’s why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you’re living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, click here to learn more.
Grow your career 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.
Skills
Policy Inquiries & Complaints Management (NM) - Intermediate, Customer Service Mindset (NM) - Intermediate, Industry Knowledge (NM) - Intermediate, Prioritization (NM) - Intermediate, Policy & Procedure (NM) - Intermediate, Process Improvement (NM) - Intermediate, Technical Problem Solving (NM) - Intermediate, Field Consulting (NM) - Intermediate, Cross Functional Partnering & Planning (NM) - Intermediate, Business Acumen (NM) - Intermediate, Consulting (NM) - Intermediate, Compliance (NM) - Intermediate, Customer Centricity (NM) - Intermediate, Analytical Thinking (NM) - Intermediate, Adaptive Communication (NM) - Intermediate, Root Cause Analysis & Decision Quality (NM) - Intermediate, Attention to Detail (NM) - Intermediate, Financial Services Industry Acumen (NM) - Intermediate, Audits (NM) - Intermediate, Change Adaptability (NM) - Intermediate, Customer Support (NM) - Intermediate, Investment Management Systems (NM) - Intermediate, Organization (NM) - Intermediate, Tax Awareness (NM) - Intermediate, Investment Products (NM) - Intermediate
FIND YOUR FUTURE
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
Salary : $56,640 - $84,960