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Actuarial Business Specialist

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


Acts as an extension of the Actuarial Department by ensuring 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 subject matter expert on risk product features and calculations for various business and system areas throughout the company.

Primary Duties & Responsibilities:

  • Develop policy/contract value calculation specifications for various systems throughout the company.
  • Identify and resolve policy/contract value calculation defects.
  • Participate in the requirements gathering/documentation process for the company’s risk products and the various systems that support these products.
  • Provide consultative support to a variety of business and system areas throughout the company on issues related to risk product features and calculations.
  • Support ad-hoc requests for policy/contract value calculations from various business areas throughout the company.
  • Participate in ongoing scheduled activities to ensure that policies/contracts continue to produce accurate 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 required.
  • 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 a variety of partners across the business
  • Ability to work independently and as part of a team.
  • Ability to build and maintain strong working relationships with immediate team as well as others at a variety of levels throughout the company

Great pay package, 401K, Company sponsored retirement plan, Educational assistance, Performance based incentive pay, Medical, dental and vision insurance, Parental leave, Caregiver time off….and more!


Compensation Range:

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Northwestern 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. Please click here for additiona l information relating to location-based 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.


We’re excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and commitment to diversity and inclusion.