Assistant Actuary at Northwestern Mutual

Milwaukee, Wisconsin, United States

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$92,750 – $172,250Compensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial ServicesIndustries

Requirements

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
Experience in multiple actuarial disciplines (e.g. pricing, modeling, valuation), typically attained through rotational assignments is preferred

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
Carry out in-depth analysis of a wide variety of business issues, including development of complex actuarial models, pricing 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

Skills

Actuarial Modeling

Insurance Pricing

Financial Forecasting

Risk Assessment

Product Valuation

Regulatory Analysis

Mathematical Modeling

Financial Analysis

SOA ASA

FSA Progress

Risk Management

Northwestern Mutual

Provides financial security services, and wealth management

About Northwestern Mutual

Northwestern Mutual offers personalized financial planning, life insurance, and investment services, leveraging leading-edge technology to manage over $125 billion in client assets for more than 4.5 million clients.

Milwaukee, WisconsinHeadquarters

1856Year Founded

N/ACompany Stage

Consulting, Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Growing your Career

Compensation & Time Off

Insurance plans

Health Savings Account

Wellness programs & resources

401(k) plan and cash balance contributions

Risks

Fintech platforms like Carefull challenge traditional financial advisory services.

Internal competition may arise from Wellthi's focus on the Black community.

Customer dissatisfaction may grow due to increased retirement age expectations.

Differentiation

Northwestern Mutual maintains the highest financial strength ratings in the industry.

The company launched 'The Great Realization' campaign to refocus customer priorities.

Northwestern Mutual offers a unique Long-Term Advantage product with life insurance benefits.

Upsides

The aging population increases demand for retirement planning and long-term care solutions.

Partnerships with tech firms enhance Northwestern Mutual's data analytics capabilities.

Digital transformation in insurance leads to more personalized customer experiences.

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