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

Northwestern Mutual; Milwaukee (WI); On-site; 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 seasoned VP to lead Whole Life, Term and Additional Benefit Pricing, guiding a 4–5 person actuarial team. You will shape pricing, product design, and compliance with tax and regulatory standards, partnering across underwriting, design, and field operations.

Your role combines strategic leadership with hands-on actuarial analysis to drive growth, risk management, and value for customers and the enterprise.

Qualifications

• Fellow of the Society of Actuaries required with 10+ years of actuarial experience, life products preferred.
• Proven ability to build and sustain high-performing teams and leadership talent.
• Knowledge of Product Taxation rules and regulatory practices.

Responsibilities

• Provides actuarial leadership to price and design life and term products and benefits.
• Defines long-term pricing strategy aligning with enterprise goals and market dynamics.
• Leads pricing models, scenario analyses, and actuarial assessments for profitable growth.
• Advices senior leadership on design, pricing, profitability, and risk, translating analyses into decisions.
• Drives pricing capabilities, models, and processes for greater efficiency and insight.
• Mentors and develops a diverse actuarial team and fosters accountability.

Skills

Risk Management

Data Analytics

Strategic Thinking

Cross Functional Partnering

Process Improvement

Customer Centricity

Insurance Products

Actuarial Modeling

Talent Development

Attention to Detail

Education

Fellow of the Society of Actuaries

Job description

Overview

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.

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,

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), 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