VP-Actuary, Annuities

Milwaukee Succeeds; Milwaukee (WI); Hybrid; USD 176,000 - 264,000; Full time

Benefits offered by this job

Flexible work schedules

Concierge service

Comprehensive benefits

Employee resource groups

Job summary

Northwestern Mutual is seeking a Vice President of Annuity Pricing to lead a small actuarial team focused on pricing and launching innovative annuity products that support long-term corporate strategy.

You will manage a 2–3 person Pricing team within the Actuarial Department, balancing product economics, risk, and market competitiveness while driving solutions for pricing and implementation challenges.

Qualifications

• Fellow of the Society of Actuaries.
• Ten years of significant actuarial experience; annuity products preferred.
• Proven ability to build and sustain high-performing teams and attract top actuarial talent.
• Deep knowledge across actuarial subjects and regulatory practices.

Responsibilities

• Provide actuarial advice and leadership to achieve company goals.
• Define and execute long-term pricing strategy for fixed, variable, accumulation, and income annuities.
• Lead pricing, rate-setting, and analyses across the annuity portfolio with pricing models and scenario analyses.
• Provide strategic actuarial leadership for pricing and complex business decisions.
• Incorporate regulatory and market trends into product design and pricing to stay competitive.
• Advise senior leadership on pricing, profitability, and risk with clear business implications.
• Drive continuous improvement of pricing capabilities, tools, models and processes.
• Build a high-performing actuarial team through leadership, mentoring, and development.

Skills

Leadership

Pricing strategy

Actuarial analysis

Team building

Communication

Regulatory awareness

Job description

As the VP, of Annuity Pricing, you will play a key role in Northwestern Mutual's growth and long-term success by leading a team of actuaries to develop, price, and support the launch of new annuity products that deliver high value for our customers and align with Northwestern Mutual's long-term strategy. You will be directly managing a team of 2 to 3 individuals on the Pricing team within the Actuarial Department. You will balance product economics, risk, and market competitiveness; help develop and test creative solutions to challenges encountered in product design, pricing, and the implementation processes.

Primary Duties and 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 fixed, variable, accumulation, and income annuity products, aligning pricing and product priorities with enterprise objectives, customer needs, market dynamics, and established growth and risk management guidelines.
• Leads product pricing, rate-setting, and actuarial analysis across the annuity 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 and incorporates regulatory, economic, competitive, industry, and customer trends into product design and pricing to strengthen competitiveness and inform future growth opportunities.
• 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 and develops a high-performing actuarial team through leadership, coaching, mentorship, succession planning, and talent development, while fostering an inclusive culture of accountability, collaboration, continuous improvement, and professional growth.

Qualifications

• Fellow of the Society of Actuaries.
• Ten years of significant Actuarial experience. Experience with annuity products preferred.
• Proven ability to build and sustain high-performing teams, develop leadership talent, and create an engaging environment that attracts and retains top actuarial professionals.
• Substantial knowledge and experience in a variety of actuarial subjects.
• 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.

Compensation Range:

Pay Range - Start:

$176,000.00

Pay Range - End:

$264,000.00

This role is eligible for additional short-term and long-term incentive compensation.

Overview

As the VP, of Annuity Pricing, you will play a key role in Northwestern Mutual's growth and long-term success by leading a team of actuaries to develop, price, and support the launch of new annuity products that deliver high value for our customers and align with Northwestern Mutual's long-term strategy. You will be directly managing a team of 2 to 3 individuals on the Pricing team within the Actuarial Department. You will balance product economics, risk, and market competitiveness; help develop and test creative solutions to challenges encountered in product design, pricing, and the implementation processes.

Primary Duties and 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 fixed, variable, accumulation, and income annuity products, aligning pricing and product priorities with enterprise objectives, customer needs, market dynamics, and established growth and risk management guidelines.
• Leads product pricing, rate-setting, and actuarial analysis across the annuity 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 and incorporates regulatory, economic, competitive, industry, and customer trends into product design and pricing to strengthen competitiveness and inform future growth opportunities.
• 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 and develops a high-performing actuarial team through leadership, coaching, mentorship, succession planning, and talent development, while fostering an inclusive culture of accountability, collaboration, continuous improvement, and professional growth.

Qualifications

• Fellow of the Society of Actuaries.
• Ten years of significant Actuarial experience. Experience with annuity products preferred.
• Proven ability to build and sustain high-performing teams, develop leadership talent, and create an engaging environment that attracts and retains top actuarial professionals.
• Substantial knowledge and experience in a variety of actuarial subjects.
• 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.

Compensation Range:

Pay Range - Start:

$176,000.00

Pay Range - End:

$264,000.00

This role is eligible for additional short-term and long-term incentive compensation.

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

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.

Skills

Risk Management (NM), Strategic Vision & Planning (NM), Risk Evaluation (NM), Data Analytics (NM), Storytelling through Data (NM), Learning Agility & Critical Thinking (NM), Cross Functional Partnering & Planning (NM), Insurance Products (NM), Customer Centricity (NM), Process Improvement (NM), Statutes & Regulation (NM), Analytical Thinking (NM), Negotiation & Managing Objection (NM), Insurance Finance & Actuarial Acumen (NM), Talent Development & Planning (NM), Accountability (NM), Attention to Detail (NM), Strategic Thinking (NM), Organizational & Political Savvy (NM), Adaptive Communication (NM), Business Influence (NM), Actuarial Modeling (NM), Scenario Planning (NM)

FIND YOUR FUTURE

We'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 groups

EEO/AA Employer/Vets/Disability

This role is eligible for additional short-term and long-term incentive compensation.

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