Actuary - Assistant Director
Actuary - Assistant Director
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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
Provide professional actuarial advice/services critical to development implementation and maintenance of the Companys insurance disability annuity and longterm 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 Companys 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.
Primary Duties and Responsibilities
- Responsible for pricing analyses for the Companys annuity products including for fixed deferred income and variable annuities. This includes updating assumptions running pricing models collaborating on updates to the pricing models and analyzing and presenting results.
- The position would be part of a small actuarial annuity pricing team working closely with the corporate actuarial risk team. It is anticipated that this role would grow to have management responsibilities.
- Partner with the annuity product area on product development efforts and inforce management. This would include efforts focused on the development of new products updating designs of currently issued products repricing to reflect updated experience assumptions.
- Collaborate on analyzing experience data to build key pricing assumptions.
- Assist in contract drafting prospectus review and competitive analyses.
- Support rate setting analysis of annuity financial performance and annuity risk management.
Qualifications
- Undergraduate degree in Actuarial Science Mathematics Finance or related field.
- Attainment of Fellow of the Society of Actuaries (FSA) designation.
- A minimum of four years of proven actuarial experience.
- Annuity pricing experience required.
- Strong communication skills.
- Knowledge of annuity valuation financial modeling and experience analysis.
SkillsProficiency Level:
Actuarial Modeling Expert
Computer Programming Intermediate
Decision Making Intermediate
Enterprise Agility Intermediate
Financial Risk Analysis Expert
Industry Knowledge Intermediate
Legislative Policy Basic
Mathematical Analysis Expert
Negotiation Intermediate
Product Knowledge Expert
Risk Management Expert
Technical Communication Expert
#LIHybrid
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:
Director
Employment Type
Full-Time
