What are the responsibilities and job description for the Assistant Actuary position at Northwestern Mutual?
Summary
Hybrid role in Milwaukee part of Northwestern Mutual's Actuarial Leadership Development Program. In this rotational role, individuals will use their actuarial training and background to carry out in-depth analysis of a wide variety of business issues. Typical activities may include development of complex actuarial models, pricing one of many insurance product lines, forecasting future financial circumstances, analyzing product experience, assessing regulatory issues, consulting on product or other risk management issues, or providing significant assistance on corporate projects. The result of the work will frequently influence management towards action that can have a sizeable impact on products, markets, underwriting, pricing, risk management, and profitability.
Primary Duties And Responsibilities
Pay Range - Start:
$94,640.00
Pay Range - End
$175,760.00
Structure 110
Geographic Specific Pay Structure:
Structure 115
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.
Grow your career with a best-in-class company that puts our clients' interests at the center of all we do. Get started now!
Northwestern Mutual is an equal opportunity employer who welcomes and encourages diversity in the workforce. 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.
Skills
Analytical Thinking (NM) - Advanced, Cross Functional Partnering & Planning (NM) - Intermediate, Organizational & Political Savvy (NM) - Intermediate, Risk Management (NM) - Intermediate, Strategic Thinking (NM) - Intermediate, Customer Centricity (NM) - Intermediate, Negotiation & Managing Objection (NM) - Intermediate, Attention to Detail (NM) - Advanced, Adaptive Communication (NM) - Advanced, Actuarial Modeling (NM) - Advanced, Insurance Finance & Actuarial Acumen (NM) - Advanced, Storytelling through Data (NM) - Advanced, Insurance Products (NM) - Advanced, Statutes & Regulation (NM) - Intermediate, Process Improvement (NM) - Advanced, Learning Agility & Critical Thinking (NM) - Advanced, Scenario Planning (NM) - Intermediate, Risk Evaluation (NM) - Intermediate, Data Analytics (NM) - Advanced
FIND YOUR FUTURE
We’re excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and our commitment to a culture of belonging.
Hybrid role in Milwaukee part of Northwestern Mutual's Actuarial Leadership Development Program. In this rotational role, individuals will use their actuarial training and background to carry out in-depth analysis of a wide variety of business issues. Typical activities may include development of complex actuarial models, pricing one of many insurance product lines, forecasting future financial circumstances, analyzing product experience, assessing regulatory issues, consulting on product or other risk management issues, or providing significant assistance on corporate projects. The result of the work will frequently influence management towards action that can have a sizeable impact on products, markets, underwriting, pricing, risk management, and profitability.
Primary Duties And Responsibilities
- Investigate and analyze technical issues of an actuarial nature.
- Assess risk by determining the impact and the financial benefit of varied options.
- Provide actuarial consultation to internal clients.
- Undergraduate degree in Actuarial Science, Mathematics, Finance, or related field.
- Attainment of Associate of the Society of Actuaries (ASA) designation at a minimum.
- Most candidates will have made progress toward attaining the Fellowship (FSA) designation.
- A minimum of three years of actuarial experience.
- Skilled in using software tools that are used for mathematical and/or financial modeling and analysis.
- Strong communication skills.
- A strong understanding of the actuarial aspects of NM product lines.
- A good grasp of risk management issues tied to our products and finances.
Pay Range - Start:
$94,640.00
Pay Range - End
$175,760.00
Structure 110
Geographic Specific Pay Structure:
Structure 115
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.
Grow your career with a best-in-class company that puts our clients' interests at the center of all we do. Get started now!
Northwestern Mutual is an equal opportunity employer who welcomes and encourages diversity in the workforce. 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.
Skills
Analytical Thinking (NM) - Advanced, Cross Functional Partnering & Planning (NM) - Intermediate, Organizational & Political Savvy (NM) - Intermediate, Risk Management (NM) - Intermediate, Strategic Thinking (NM) - Intermediate, Customer Centricity (NM) - Intermediate, Negotiation & Managing Objection (NM) - Intermediate, Attention to Detail (NM) - Advanced, Adaptive Communication (NM) - Advanced, Actuarial Modeling (NM) - Advanced, Insurance Finance & Actuarial Acumen (NM) - Advanced, Storytelling through Data (NM) - Advanced, Insurance Products (NM) - Advanced, Statutes & Regulation (NM) - Intermediate, Process Improvement (NM) - Advanced, Learning Agility & Critical Thinking (NM) - Advanced, Scenario Planning (NM) - Intermediate, Risk Evaluation (NM) - Intermediate, Data Analytics (NM) - Advanced
FIND YOUR FUTURE
We’re excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and our commitment to a culture of belonging.
- Flexible work schedules
- Concierge service
- Comprehensive benefits
- Employee resource groups
Salary : $94,640 - $175,760