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Assistant Director & Actuary

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


Provide professional actuarial advice and services critical to development, implementation, and maintenance of Northwestern Mutual's life, disability, annuity, and long-term care products. The Actuarial Department develops appropriate premiums, dividends, reserves, and economic capital by analyzing mortality, morbidity, persistency, investment and expense experience, striving to maintain equity and consistency among all policy owner underwriting classes, while safeguarding our long-term financial strength. Additionally, keep current on actuarial techniques, and on laws and regulations pertinent to your area of expertise; collaborate with and provide guidance to others within your assigned field of expertise.

Primary Duties and Responsibilities

The following areas are examples of teams that could have roles available for the right candidate.  While each role has its own various duties and responsibilities, each would provide opportunities for candidates to stretch into new areas and fields of expertise based on interests and long-term development objectives.

Life Insurance Pricing: Uphold Northwestern Mutual’s industry-leading life insurance product line. This role includes new product design and pricing, implementation of evolving regulations, and management of inforce policies, all while ensuring equity across all life insurance policyowners.

Long-Term Care Insurance Pricing: Implement and maintain products that offer a long-term care insurance benefit.  This role works with innovations in the long-term care product suite, including death benefit acceleration riders and our new life/long-term care hybrid insurance product, Long-Term Advantage.

Valuation: Perform Principle Based Reserve (PBR) calculations, analysis, and reporting.  Investigate assumptions used; work with model development team to implement regulatory changes in modeled reserves; present results to senior management.  As new products fall under a principle-based framework, work with team to develop new process and calculations.

Corporate Financial Projection: Perform enterprise financial forecasting, analysis & risk assessment.  This role involves working with all Northwestern Mutual’s risk product lines, wealth business, and other aspects related to key performance metrics, and would offer significant exposure to senior company leadership and decision making.

Modeling: Design enhancements or new features for Northwestern Mutual’s in-house models used for pricing, cashflow testing, reserving, and corporate projections while working closely with model users.  This role offers candidates a variety of experiences with our product suite and company financials and a high degree of flexibility to direct which projects best suit their interests.


  • Undergraduate degree in Actuarial Science, Mathematics, Finance, or related field.
  • Attainment of Fellow of the Society of Actuaries (FSA) designation.
  • A minimum of five years proven actuarial experience.
  • Strong communication skills
  • A high degree of expertise in one or more areas of Department activities.



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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Please note that this 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 location-based pay structures.

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.

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.