Actuary - Assistant Director

Summary

Provide professional actuarial advice/services critical to development, implementation and maintenance of the Company's insurance, disability, annuity, and long-term care products. The Actuarial Department develops appropriate premiums, dividends, reserves, and surplus requirements by analyzing mortality, morbidity, persistency, investment and expense experience, striving to maintain equity and consistency among all policy owner underwriting classes, while safeguarding the Company's long term financial strength. Perform/supervise actuarial work required to advise on matters related to product pricing, dividend setting, reserve levels, mortality/morbidity issues, and field compensation. Additionally, strive to keep current on actuarial techniques, and on laws and regulations pertinent to your area of expertise; provide guidance to others within your assigned field of expertise.

Primary Duties and Responsibilities

• Responsible for pricing analyses for the Company's annuity products, including for fixed deferred, income, and variable annuities. This includes updating assumptions, running pricing models, collaborating on updates to the pricing models, and analyzing and presenting results.
• The position would be part of a small actuarial annuity pricing team, working closely with the corporate actuarial risk team. It is anticipated that this role would grow to have management responsibilities.
• Partner with the annuity product area on product development efforts and inforce management. This would include efforts focused on the development of new products, updating designs of currently issued products, repricing to reflect updated experience assumptions.
• Collaborate on analyzing experience data to build key pricing assumptions.
• Assist in contract drafting, prospectus review, and competitive analyses.
• Support rate setting, analysis of annuity financial performance, and annuity risk management.

Qualifications

• Undergraduate degree in Actuarial Science, Mathematics, Finance, or related field.
• Attainment of Fellow of the Society of Actuaries (FSA) designation.
• A minimum of four years of proven actuarial experience.
• Annuity pricing experience required.
• Strong communication skills.
• Knowledge of annuity valuation, financial modeling, and experience analysis.

Skills-Proficiency Level:

Actuarial Modeling - Expert

Computer Programming - Intermediate

Decision Making - Intermediate

Enterprise Agility - Intermediate

Financial Risk Analysis - Expert

Industry Knowledge - Intermediate

Legislative Policy - Basic

Mathematical Analysis - Expert

Negotiation - Intermediate

Product Knowledge - Expert

Risk Management - Expert

Technical Communication - Expert

#LI-Hybrid

Pay Range - End:

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.

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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