VP-Actuary,Whole Life, Term and Additional Benefits Pricing

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 seeks a VP-level Actuary to lead Whole Life, Term and Benefits Pricing. You will direct a 4–5 person actuarial team, shape pricing strategy, and coordinate across product, underwriting and regulatory teams. You’ll balance profitability with market competitiveness and mentor talent.

The role emphasizes strategic pricing, regulatory awareness, and scalable processes to deliver value for customers and the enterprise.

Qualifications

• Professional actuarial leadership required; lead pricing teams and manage actuarial analysis across product portfolios.
• Deep knowledge of regulatory practices and product taxation rules in pricing and design.
• Proven ability to build and sustain high-performing actuarial teams and collaborate across functions.

Responsibilities

• Provides professional actuarial advice and services to achieve company goals.
• Defines and executes long-term pricing strategy for whole life, term, and benefits pricing.
• Leads pricing analysis across product portfolio and supports growth and risk management.
• Provides strategic actuarial leadership on product design and pricing decisions.
• Anticipates regulatory and market trends and incorporates into pricing decisions.
• Advises senior leadership on profitability and risk with actionable recommendations.
• Drives pricing capability improvements, models, and processes.
• Builds and retains a high-performing actuarial team through coaching and development.

Skills

Risk Management

Risk Evaluation

Strategic Vision & Planning

Storytelling through Data

Data Analytics

Learning Agility & Critical Thinking

Cross Functional Partnering & Planning

Process Improvement

Customer Centricity

Insurance Products

Statutes & Regulation

Analytical Thinking

Negotiation & Managing Objection

Insurance Finance & Actuarial Acumen

Accountability

Talent Development & Planning

Attention to Detail

Strategic Thinking

Adaptive Communication

Organizational & Political Savvy

Actuarial Modeling

Business Influence

Scenario Planning

Education

Fellow of the Society of Actuaries

Job description

VP-Actuary,Whole Life, Term and Additional Benefits Pricing

As the VP, of Whole Life, Term and Additional Benefit 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 products that deliver high value for our customers and align with Northwestern Mutual's long-term strategy. You will manage a team of 4 to 5 individuals on the Product Pricing team within the Actuarial department and work cross-functionally across the enterprise on initiatives such as product design, underwriting, field engagement, and evolving regulatory issues. You will balance product economics, risk, and market competitiveness; help develop and test creative solutions to challenges encountered in product design, pricing, and implementation processes. In addition, you will oversee Northwestern's compliance with Product Taxation regulations.

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 whole life and term products and additional benefits aligning pricing and product priorities with enterprise objectives, customer needs, market dynamics, and established growth and 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.

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.

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.

Skills

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

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.