Actuarial Products Specialist

Company: Northwestern Mutual Investment Services, LLC
Location: New York
Posted on: March 28, 2025

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 company's 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 company's 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 ad-hoc 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 upper-level 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: $48,580.00Pay Range - End: $90,220.00Northwestern 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.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 , Actuarial Products Specialist, Other , New York, New York