Actuary - Assistant Director

Company: Northwestern Mutual Investment Services, LLC
Location: New York
Posted on: February 17, 2025

Job Description:

At Northwestern Mutual, we are strong, innovative and growing. We invest in our people. We care and make a positive difference.SummaryProvide 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.Primary Duties and Responsibilities

• 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.Qualifications
  • 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.Skills-Proficiency Level:Actuarial Analysis - ExpertComputer Programming - IntermediateDecision Making - IntermediateEnterprise Agility - IntermediateFinancial Risk Analysis - ExpertIndustry Knowledge - IntermediateLegislative Policy - BasicMathematical Analysis - ExpertNegotiation - IntermediateProduct Knowledge - ExpertRisk Management - ExpertTechnical Communication - ExpertCompensation Range:Pay Range - Start: $110,040.00Pay Range - End: $204,360.00Northwestern Mutual pays on a geographic-specific 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.Grow your career with a best-in-class company that puts our client's interests at the center of all we do. Get started now!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.
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Keywords: Northwestern Mutual Investment Services, LLC, New York , Actuary - Assistant Director, Executive , New York, New York