VP, Actuarial Pricing & Product Strategy

Allora; Milwaukee (WI); On-site; USD 176,000 - 264,000; Full time

Job summary

Northwestern Mutual is seeking a Vice President to lead Whole Life, Term and Additional Benefit Pricing, shaping pricing strategy and supporting product launches that deliver value for customers and align with long-term goals.

You will manage a team of 4–5 actuaries within the Product Pricing team of the Actuarial department and collaborate across the enterprise on design, underwriting, field engagement and regulatory issues.

Qualifications

• Fellow of the Society of Actuaries.
• 10 years of significant Actuarial experience. Experience with life products preferred.
• Substantial knowledge and experience in a variety of actuarial subjects.
• Proven ability to build and sustain high-performing teams, develop leadership talent, and create an engaging environment that attracts and retains top actuarial professionals.
• Ability to manage interdepartmental projects and to direct activities of team members.
• High degree of expertise in one or more areas of Departmental activities.
• Knowledge of Company, industry and regulatory practices and procedures including a high-level understanding of Product Taxation rules.

Responsibilities

• Provides professional actuarial advice and services to Northwestern Mutual by assisting in the achievement of overall Company goals by functioning as a leader of team activities, direction of team members and/or through individual performance.
• Defines and executes the long-term pricing strategy for whole life and term products and additional benefits aligning pricing and product priorities with enterprise objectives, customer needs, market dynamics, and establishedgrowthand risk management guidelines.
• Leads product pricing and actuarial analysis across the whole life and term product portfolio, overseeing pricing models, scenario analysis, and other actuarial assessments to support profitable growth and sound risk management.
• Provides strategic actuarial leadership and expertise to support company objectives, applying sound actuarial judgment to product design, pricing, and complex business decisions.
• Anticipates regulatory, economic, competitive, underwriting, and customer trends and incorporates them into product pricing, design, and complex business decisions.
• Advises senior leadership on product design, pricing, profitability, and risk, translating complex actuarial analysis into clear business implications and actionable recommendations that enable informed decision-making.
• Drives continuous improvement of pricing capabilities, tools, models, and processes, identifying opportunities to enhance analytical rigor, efficiency, scalability, and the quality of pricing insights.
• Builds, develops, and retains a high-performing actuarial team through coaching, mentorship, succession planning, and talent development, fostering an inclusive culture of accountability, collaboration, and continuous growth.

Skills

Leadership

Actuarial expertise

Pricing strategy

Cross-functional collaboration

Regulatory knowledge

Team development

Job description

Northwestern Mutual is seeking a Vice President to lead Whole Life, Term and Additional Benefit Pricing, shaping pricing strategy and supporting product launches that deliver value for customers and align with long-term goals.

You will manage a team of 4–5 actuaries within the Product Pricing team of the Actuarial department and collaborate across the enterprise on design, underwriting, field engagement and regulatory issues.