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Sr Director Risk Product Development

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

What's the role?

The Sr Director will develop and execute product development strategies for one or more risk product lines (life, annuities, disability income and long-term care).

These strategies will use our fundamental company advantages, help us understand the markets in which the product line is most relevant, and ensure execution in coordination with a broad variety of departments across the company.

We need somebody that is willing to assist the product line leader in the development of product line strategies to improve sales growth and ensure achievement of balanced product line financial results.

If you want to evaluate and refine risk products, including developing new products and adding product improvements and features to remain competitive and increase sales and market share, then keep reading!

Day to Day...

  • Liaison to all levels of the field in order to proactively seek input on desirable products, features, and benefits.

  • Use field insight, as well as client insight, to design and develop new products, features and solutions.

  • Provide representation and advocacy for risk product lines in cross-departmental project teams focusing on compliance, supervision, regulatory issues, servicing, marketing and sales strategies, cross-selling and financial security planning.

  • Analyze competitors’ products to determine how NM can best compete, and then make recommendations that NM can offer.

  • Ensure that projects are completed to meet schedule, scope, and budget.

  • Assist the field and other home office staff on product questions.

Bring your best! What this role needs...

  • Bachelor’s degree in Business Administration, Actuarial Science, marketing or equivalent.

  • 10+ years experience in insurance product development, competitive research, product compensation, or other areas of the risk product insurance industry.

  • Demonstrated ability to think and implement strategically while leading the decision making process through idea sharing and consensus building.

  • Solid understanding of risk products.

  • Where applicable, NASD Series 6 registered representative license or successful completion of examination within six months.

  • High degree of personal initiative and self-motivation; ability to work on concurrent efforts, set priorities, and meet goals.

  • Effective communication skills with the ability to build rapport and gain acceptance of people at all levels in the home office and field.

Even better if you have...

  • MBA degree, JD degree, FSA designation, CLU designation, CPA designation, or other relevant degree or professional designation.

  • 15+ years in life insurance product development, competitive research, product compensation, or other areas of the life insurance industry.

Benefits:

  • Competitive base pay

  • 401K

  • Pension plan

  • Educational assistance

  • Performance based incentive pay

  • Medical, dental and vision insurance

  • Parental leave

  • Caregiver time off

  • ….and more

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.

We will offer reasonable accommodations

This job is not covered by the existing Collective Bargaining Agreement.

Required Certifications:

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.


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 commitment to diversity and inclusion.