VP-Actuary, Annuities
About The Position
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.
Requirements
- Fellow of the Society of Actuaries.
- Ten years of significant Actuarial experience.
- 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.
Nice To Haves
- Experience with annuity products preferred.
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.
Benefits
- additional short-term and long-term incentive compensation
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What This Job Offers
Job Type
Full-time
Career Level
Executive
Education Level
No Education Listed
