Assistant Director & Actuary – Retirement Benefits
Northwestern Mutual · Milwaukee, WI · Yesterday
Hybrid$131k/yrFull-time
About The Job
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.
What You'll Do
- Perform and/or supervise actuarial research and other actuarial work required to properly advise Company officials of matters related but not limited to product pricing, dividend setting, reserve levels, mortality/morbidity issues, and field compensation.
- Identify and solve a wide variety of actuarial problems related to the Company's operation.
- Keep up to date on current developments in actuarial techniques and research and on the laws and regulations applicable to his/her area of responsibility.
- Provide guidance to other officers or members of the department within the incumbent's field of expertise.
- May also represent the department or Company as a member of Company, industry or professional committees.
What You'll Bring To The Role
- A Fellow of the Society of Actuaries (FSA) designation or equivalent qualifications with an additional year of actuarial service in order to provide substantial knowledge and experience in a variety of actuarial subjects.
- A high degree of expertise in one or more areas of Department activities.
Pay & Benefits
Pay Range - Start: $130,800.00
Pay Range - End: $196,200.00
Structure 110: $143,920.00 USD - $215,880.00 USD
Structure 115: $150,400.00 USD - $225,600.00 USD
Skills
- Analytical Thinking (NM) - Advanced
- Risk Management (NM) - Advanced
- Customer Centricity (NM) - Advanced
- Risk Evaluation (NM) - Advanced
- Data Analytics (NM) - Expert
- Cross Functional Partnering & Planning (NM) - Advanced
- 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
- Process Improvement (NM) - Advanced
- Attention to Detail (NM) - Expert
- Statutes & Regulation (NM) - Advanced
- Learning Agility & Critical Thinking (NM) - Advanced
- Actuarial Modeling (NM) - Expert