Assistant Director & Actuary – Retirement Benefits

Northwestern Mutual; Milwaukee (WI); On-site; USD 131,000 - 196,000; Full time

Job summary

Northwestern Mutual in Milwaukee, WI seeks a seasoned actuary to provide professional actuarial advice and services critical to the development, pricing, reserves and stability of our life, disability, annuity and long-term care products.

You will perform and supervise actuarial work, stay current on techniques and laws, and guide colleagues within the department, representing the department on committees when needed.

Qualifications

• Fellow of the Society of Actuaries (FSA) designation or equivalent.
• Deep expertise in actuarial subjects and problem solving.
• Strong communication and guidance to colleagues within the department.

Responsibilities

• Perform and/or supervise actuarial research and other actuarial work to advise on pricing, dividends, reserves and field compensation.
• Identify and solve actuarial problems related to the Company's operation and stay current on techniques and laws.
• Provide guidance to officers or department members and represent the department on committees.

Skills

Actuarial research

Problem solving

Guidance to colleagues

Education

Fellow of the Society of Actuaries (FSA) or equivalent qualifications

Job description

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. 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.

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.

Compensation

Compensation Range: Pay Range - Start: $130,800.00 Pay Range - End: $196,200.00 Geographic Specific Pay Structure: Structure 110: $143,920.00 USD - $215,880.00 USD Structure 115: $150,400.00 USD - $225,600.00 USD

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, learn more.

Company Overview

Grow your career with a best-in-class company that puts our clients' interests at the center of all we do.

Northwestern Mutual is an equal opportunity employer that welcomes talented individuals of all backgrounds. 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.

At Northwestern Mutual, we believe relationships are built on trust. That our lives and our work matter. These beliefs launched our company over 160 years ago. Today, they're just a few of the reasons why people choose to build careers at Northwestern Mutual.

What started in Milwaukee, WI has grown into 7,000+ home office professionals split across 3 campuses: New York City, Franklin and downtown Milwaukee (HQ) - each one bringing with it its own unique talent and culture.

Northwestern Mutual is an equal opportunity employer that welcomes talented individuals of all backgrounds. 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.