Risk Product Development Assistant Director

Northwestern Mutual • Milwaukee, WI

7d • Hybrid

About The Position

Partners with Product Development leadership in the development of strategic direction and management of a specific product line, including product strategy and business plans. In this role, you will lead programs that set direction, strategy, and goals related to Northwestern Mutual products; serve as technical expert regarding products; act as key resource leading projects that bring alive the value of the product; facilitate and promote new products, technologies, and tools for the use at the agency-level. Requires ability to network extensively with a variety of audiences including, corporate, agency-level, competitors, and outside business partners. Serves as key liaison between the product and the Sales Enablement Department, ensuring projects align with sales objectives, and that sales teams have an appropriate depth of understanding regarding products. What You’ll Do: For the life product line, assist in developing and executing product development strategies that leverage our fundamental company advantages, understand the markets in which the product line is most relevant, and ensure execution in coordination with a broad variety of departments across the company. Design competitive and financially sound products based on client and field insight, including new and innovative approaches. Provide representation and advocacy for life product in cross-departmental project teams focusing on compliance, supervision, regulatory issues, marketing and sales strategies, cross-selling and financial security planning. Assist in the development and execution of product line sales goals, communication strategies, and product promotion plans. Provide ongoing analysis of and planning for future trends, including occupational, demographic and economic, which may impact the financial results of the product line. Provide expert technical assistance/consultation to the field and home office regarding products, complex product analysis, competitive intelligence, sales illustrations and sales ideas.

Requirements

• Bachelor's degree or equivalent in business administration, actuarial science, finance, economics, marketing or related field.
• Actuary background required.
• Attainment of Fellow of the Society of Actuaries (FSA) designation.
• Minimum of eight years of experience in financial services; experience with NM products preferred.
• Demonstrated ability to lead large cross-departmental projects including the ability to manage project financials.
• Experience with flexible premium products preferred.
• Proven ability to anticipate future industry, economic, and client consequences and trends.
• Interest in innovative approaches to developing product solutions.
• Strong organizational and follow-through skills with ability to work within deadlines and prioritize work.
• Superior verbal and written communication skills.
• Strong understanding of and experience interacting with NM field.
• Series 6 required or successful completion within six months.

Responsibilities

• Assist in developing and executing product development strategies that leverage our fundamental company advantages
• Design competitive and financially sound products based on client and field insight, including new and innovative approaches
• Provide representation and advocacy for life product in cross-departmental project teams focusing on compliance, supervision, regulatory issues, marketing and sales strategies, cross-selling and financial security planning
• Assist in the development and execution of product line sales goals, communication strategies, and product promotion plans
• Provide ongoing analysis of and planning for future trends, including occupational, demographic and economic, which may impact the financial results of the product line
• Provide expert technical assistance/consultation to the field and home office regarding products, complex product analysis, competitive intelligence, sales illustrations and sales ideas

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level