Assistant Director & Actuary

Job 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.

• Life Insurance Pricing. Uphold Northwestern Mutual's industry‑leading life insurance product line. This role includes new product design and pricing, implementation of evolving regulations, and management of in‑force policies, all while ensuring equity across all life insurance policy owners.
• Long‑Term Care Insurance Pricing. Implement and maintain products that offer a long‑term care insurance benefit. This role works with innovations in the long‑term care product suite, including death benefit acceleration riders and our new life/long‑term care hybrid insurance product, Long‑Term Advantage.
• Valuation. Perform Principle‑Based Reserve (P ) calculations, analysis, and reporting. Investigate assumptions used; work with the model development team to implement regulatory changes in modeled reserves; present results to senior management. As new products fall under a principle‑based framework, work with the team to develop new processes and calculations.
• Modeling. Design enhancements or new features for Northwestern Mutual's in‑house models used for pricing, cash‑flow testing, reserving, and corporate projections while working closely with model users. This role offers candidates a variety of experiences with our product suite and company financials and a high degree of flexibility to direct which projects best suit their interests.

• Attainment of Fellow of the Society of Actuaries (FSA) designation.
• A minimum of five years proven actuarial experience.
• Strong communication skills.
• A high degree of expertise in one or more areas of Department activities.

Pay Range - Start: $

Pay Range - End: $

Structure 110

Structure 115

• Flexible work schedules
• Concierge service
• Comprehensive benefits
• Employee resource groups

Analytical Thinking (NM) - Advanced;
Risk Management (NM) - Advanced;
Customer Centricity (NM) - Advanced;
Risk Evaluation (NM) - Advanced;
Cross‑Functional Partnering & Planning (NM) - Advanced;
Data Analytics (NM) - Expert;
Scenario Planning (NM) - Advanced;
Organizational & Political Savvy (NM) - Intermediate;
Strategic Thinking (NM) - Intermediate;
Negotiation & Managing Objection (NM) - Intermediate;
Adaptive Communication (NM) - Advanced;
Insurance Finance & Actuarial Acumen (NM) - Advanced;
Storytelling through Data (NM) - Advanced;
Insurance Products (NM) - Advanced;
Attention to Detail (NM) - Expert;
Process Improvement (NM) - Advanced;
Statutes & Regulation (NM) - Advanced;
Learning Agility & Critical Thinking (NM) - Advanced;
Actuarial Modeling (NM) - Expert.

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.