Assistant Director & Actuary – Retirement Benefits

About the Job:

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.

What You'll Do:

• Perform and/or supervise actuarial research and other actuarial work required to properly advise Company officials of matters related but not limited to product pricing, dividend setting, reserve levels, mortality/morbidity issues, and field compensation.

• Identify and solve a wide variety of actuarial problems related to the Company's operation.

• Keep up to date on current developments in actuarial techniques and research and on the laws and regulations applicable to his/her area of responsibility.

• Provide guidance to other officers or members of the department within the incumbent's field of expertise.

• May also represent the department or Company as a member of Company, industry or professional committees.

What You'll Bring to the Role:

• A Fellow of the Society of Actuaries (FSA) designation or equivalent qualifications with an additional year of actuarial service in order to provide substantial knowledge and experience in a variety of actuarial subjects.

• A high degree of expertise in one or more areas of Department activities.

#LI-Hybrid

Compensation Range:

Pay Range - Start:

$130,800.00

Pay Range - End:

$196,200.00

Geographic Specific Pay Structure:

Structure 110:

$143,920.00 USD - $215,880.00 USD

Structure 115:

$150,400.00 USD - $225,600.00 USD

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, click here to learn more.

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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.