Actuary - Assistant Director

Company: Northwestern Mutual
Location: Milwaukee
Posted on: May 2, 2025

Job Description:

SummaryProvide 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

• 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.Qualifications
  • 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.Skills-Proficiency Level: Actuarial Analysis - ExpertComputer Programming - IntermediateDecision Making - IntermediateEnterprise Agility - IntermediateFinancial Risk Analysis - ExpertIndustry Knowledge - IntermediateLegislative Policy - BasicMathematical Analysis - ExpertNegotiation - IntermediateProduct Knowledge - ExpertRisk Management - ExpertTechnical Communication - Expert#LI-HybridCompensation Range:Pay Range - Start:$112,210.00Pay Range - End:$208,390.00Geographic Specific Pay Structure:215 - Structure 110: 123,410.00 USD - 229,190.00 USD215 - Structure 115: 129,010.00 USD - 239,590.00 USDWe 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 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.FIND YOUR FUTUREWe'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 groupsPandoLogic. Category:Insurance, Keywords:Actuarial Consultant, Location:Milwaukee, WI-53205

Keywords: Northwestern Mutual, Oak Park , Actuary - Assistant Director, Executive , Milwaukee, Illinois