Practice Management Consultant

Northwestern Mutual

Practice Management Consultant

Posted Yesterday

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Milwaukee WI USA

Hybrid

89K-154K Annually

Senior level

Fintech • Insurance • Financial Services

Start-Up Vibes with The Stability of a Fortune 100 Company.

The Role

Advise Financial Advisors on compliant team compensation and incentive plans; lead complex compensation conversations; align Home Office Field Supervision and Legal; develop policies training resources; identify risks and process improvements; present to network offices.

Summary Generated by Built In

Summary:
The practice management compensation consultant specializes in helping Financial Advisors design incentive plans that attract top talent ensuring alliance with SEC FINRA and state insurance regulations. This role requires balancing the talent demands of the financial advisors with complex governance risk mitigation and compliance standards.
As an integral consulting partner between the Home Office Field Supervision and Financial Advisors you will lead challenging complex compensation conversations and provide direct consultation and guidance to align the interests of the employing Financial Advisor and the Enterprise.
Primary Duties & Responsibilities:

Lead consultant on compliant team compensation incentive plans leveraging best practices.
Lead and influences outcomes in situations involving elevated complexity and ambiguity.
Subject matter expert on compensation strategies
Lead and/or support the development implementation and maintenance of policies procedures resources and training to support growth of sophisticated practices and drive business results. Adhere to compliant requirements.
Work independently to review provide feedback and guide advisors on their team member compensation incentive plans.
Formulate recommendations and solutions while balancing competing interests and meeting expectations of Career Advisors Field Supervision and Home Office Compliance and Legal.
Lead alignment with internal stakeholders
Assist Network Office Supervisors in individual case circumstances.
Provide advisor perspective and challenge conventional thinking
Identify and anticipate issues and conflicts; escalate to law and enterprise stakeholders as needed to resolve issues and move teams forward on a timely basis.
Identify resource and process improvement opportunities recommend and implement actions to address them. Drive continuous improvement and operational efficiency.
Develop content and present to Network Offices study groups etc. on team compensation.
Assist Design and Execution team in creating resources for the field.

Knowledge Skills Abilities:

Bachelor's Degree in Business Administration or equivalent combination of education and experience preferred.
Minimum five years of progressively responsible experience in financial services or other business administration functions to include a minimum of 2 years organizational and project management skills with ability to prioritize lead manage and collaborate in multiple projects.
Demonstrated ability to prioritize consulting and project work and make the outputs visible and transparent with both the client and key internal stakeholders.
Strong leadership decision-making and team-building skills.
Ability to prioritize workload and seek support when appropriate as well as work within a larger team.
Strong communication skills (oral and written) with ability to make presentations and create written reports.
Strong interpersonal skills with demonstrated ability to establish rapport at all levels of the home office and third parties including consultants and potential partners.
Strong analytical and research skills with proven ability to absorb complex information and independently solve problems in a dynamic environment.
High degree of self-motivation with leadership and initiative in sharing information contributing towards group goals and accepting responsibility for results.
Ability to influence leaders and stakeholders without direct authority using sound reasoning and credibility.
Sound decision-making skills ability to use a mixture of analysis wisdom experience and judgment to arrive at a conclusion or recommendation.

Proactive consultative mindset with the ability to identify and assess any emerging risks or trends.
Individual contribution leadership behavior focus: Solve for the Client; Lead with Enterprise Vision; Play to Win.
Experience working with Northwestern Mutual Field audience

Compensation Range:
Pay Range - Start:
$89360.00
Pay Range - End:
$134040.00
Geographic Specific Pay Structure:
Structure 110:
$98320.00 USD - $147480.00 USD
Structure 115:
$102800.00 USD - $154200.00 USD
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 that welcomes talented individuals of all backgrounds. 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
End-User Advocacy (NM) - Intermediate Continuous Improvement (NM) - Intermediate Customer Service Mindset (NM) - Intermediate Problem Management (NM) - Intermediate Change Management (NM) - Intermediate Root Cause Analysis & Decision Quality (NM) - Advanced Consulting (NM) - Intermediate Customer Centricity (NM) - Intermediate Field Advocacy (NM) - Intermediate Field Relations (NM) - Intermediate Project Management (NM) - Intermediate Thought Leadership (NM) - Intermediate Adaptive Communication (NM) - Advanced Solution Development (NM) - Intermediate Learning Agility & Critical Thinking (NM) - Advanced Interpersonal Savvy (NM) - Intermediate Organization (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

Skills Required

Minimum five years of progressively responsible experience in financial services or business administration
Minimum two years organizational and project management experience with ability to prioritize lead manage and collaborate on multiple projects
Subject matter expertise in compensation strategies incentive plan design and compliance with SEC FINRA and state insurance regulations
Strong leadership decision-making team-building and influencing skills
Strong communication skills (oral and written) with ability to make presentations and create written reports
Strong interpersonal skills with ability to establish rapport at all levels including consultants and partners
Strong analytical and research skills with ability to absorb complex information and independently solve problems
Proactive consultative mindset with ability to identify and assess emerging risks or trends
Experience working with Northwestern Mutual Field audience
Bachelor's Degree in Business Administration or equivalent combination of education and experience

What the Team is Saying

Northwestern Mutual Compensation & Benefits Highlights

Retirement Support—The package includes both a 401(k) and a company‑funded cash balance pension with automatic company contributions and disclosed vesting. This dual‑plan structure and cash‑balance credits strengthen long‑term savings support.
Parental & Family Support—Paid parental leave caregiving leave and adoption/surrogacy assistance are explicitly provided for eligible employees. Fertility and family‑building resources are also highlighted as part of the offering.
Healthcare Strength—Medical dental and vision coverage are paired with mental‑health resources and access to on‑site health centers in key locations. Fitness centers and reimbursements extend health and wellness support beyond core insurance.

Learn more about Northwestern Mutual's Compensation & Benefits →

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The Company

HQ: Milwaukee WI

8400 Employees

Year Founded: 1857

What We Do

You’ll Like It Here At Northwestern Mutual we believe that our lives and our work matter. And that doing what’s right is good for everyone. We follow through by designing tech that improves the community and cultivating creative ways to make finance accessible anywhere. These guiding principles have allowed our company to grow for more than 160 years. Here you’ll be with a team who emphasizes integrity and prioritizes security to design experiences that better everyone. You’ll work in cross functional teams to create optimal solutions that are rooted in innovative strategy and thoughtful execution. And you’re provided development tools and opportunities to become a leader all with the support of a collaborative team. You’ll be surrounded in a culture that values innovation and works to always evolve to stay ahead of trends and client needs. We are intentional in seeking out team members who will challenge us. Our employees choose us for the career opportunities commitment to philanthropy and desire to have a meaningful impact in the lives of our clients. You have career passions and goals. We have ambition and opportunity for you to grow your future in tech. Discover today: https://careers.northwesternmutual.com/

Why Work With Us

We invest in our people. We know careers are about choices so we provide intentional opportunity. Here you can build creative ways to make finance accessible anywhere and revolutionize traditional processes. As a mutual company our focus is our people — whether professional development or investments in the community.