Assistant Director & Actuary

Northwestern Mutual•Milwaukee, WI

22d•Hybrid

About The Position

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. The following areas are examples of teams that could have roles available for the right candidate. While each role has its own various duties and responsibilities, each would provide opportunities for candidates to stretch into new areas and fields of expertise based on interests and long-term development objectives. Life Insurance Pricing: Uphold Northwestern Mutual’s industry-leading life insurance product line. This role includes new product design and pricing, implementation of evolving regulations, and management of inforce policies, all while ensuring equity across all life insurance policyowners. Long-Term Care Insurance Pricing: Implement and maintain products that offer a long-term care insurance benefit. This role works with innovations in the long-term care product suite, including death benefit acceleration riders and our new life/long-term care hybrid insurance product, Long-Term Advantage. Valuation: Perform Principle Based Reserve (PBR) calculations, analysis, and reporting. Investigate assumptions used; work with model development team to implement regulatory changes in modeled reserves; present results to senior management. As new products fall under a principle based framework, work with team to develop new process and calculations. Modeling: Design enhancements or new features for Northwestern Mutual’s in-house models used for pricing, cashflow testing, reserving, and corporate projections while working closely with model users. This role offers candidates a variety of experiences with our product suite and company financials and a high degree of flexibility to direct which projects best suit their interests.