Actuarial Products Specialist
Actuarial Products Specialist
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Salary Not Disclosed
1 Vacancy
Job Description
At Northwestern Mutual we are strong innovative and growing. We invest in our people. We care and make a positive difference.
Summary:
Supports efforts of the Actuarial Department to ensure that the actuarial design and pricing of the companys risk products is accurately reflected in the policy/contract values produced by systems throughout the company. Serves as a resource on risk product features and calculations for various business and system areas throughout the company.
Primary Duties & Responsibilities:
- Responsible for developing policy/contract value calculation specifications for various systems throughout the company.
Responsible for identifying and resolving policy/contract value calculation defects in various systems throughout the company.
Provide requested input during the requirements gathering/documentation process for the companys risk products and the various systems that support these products.
Provide information related to specific risk product features and calculations to a variety of business and system areas throughout the company.
Support adhoc requests for policy/contract value calculations from various business areas throughout the company.
Responsible for ongoing maintenance activities to ensure that policies/contracts continue to produce correct values over time.
Knowledge Skills & Abilities:
- Bachelors degree with an emphasis in Mathematics Actuarial Science Computer Science MIS Business or related field to include upperlevel mathematics coursework.
- Minimum of 1 year of relevant job experience.
- Ability to program complex actuarial formulas in Excel. (Knowledge of macros and/or VBA is helpful but not required.
- Strong written and verbal communication skills. Must be able to explain and document complex technical calculations in a way that can be understood by multiple business and systems personnel.
- Ability to work independently and as part of a team.
- Ability to develop and maintain strong working relationships with members of their team with other teams in the Actuarial Department and with other teams throughout the company and at various job levels.
Compensation Range:
Pay Range Start:
Pay Range End:
Northwestern Mutual pays on a geographicspecific salary structure and placement in the salary range for this position will be determined by a number of factors including the skills education training credentials and experience of the candidate; the scope complexity as well as the cost of labor in the market; and other conditions of employment. At Northwestern Mutual it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. Please note that the salary range listed in the posting is the standard pay structure. Positions in certain locations (such as California) may provide an increase on the standard pay structure based on the location. Please click here for additional information relating to locationbased pay structures.
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We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race color religion gender identity or expression sexual orientation national origin disability age or status as a protected veteran or any other characteristic protected by law.
If you work or would be working in California Colorado New York City Washington or outside of a Corporate location please click here for information pertaining to compensation and benefits.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
