Assistant Director & Actuary

Primary Duties And Responsibilities

• Uphold Northwestern Mutual’s industry-leading life insurance product line by designing and pricing new products, implementing evolving regulations, and managing inforce policies.
• Work with innovations in the long-term care product suite, including death benefit acceleration riders and the new life/long-term care hybrid insurance product, Long-Term Advantage.
• Perform Principle Based Reserve (PBR) calculations, analysis, and reporting, investigating assumptions used and working with the model development team to implement regulatory changes in modeled reserves.
• Design enhancements or new features for Northwestern Mutual’s in-house models used for pricing, cashflow testing, reserving, and corporate projections, working closely with model users.

Qualifications

• 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.

Compensation

Pay Range - Start: $130,800.00
Pay Range - End: $196,200.00
Structure: 110 Geographic Specific Pay Structure

Skills

• Analytical Thinking (NM) - Advanced
• Risk Management (NM) - Advanced
• Customer Centricity (NM) - Advanced
• Cross Functional Partnering & Planning (NM) - Advanced
• Risk Evaluation (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