Actuarial Products Specialist

Summary:

Supports efforts of the Actuarial Department to ensure 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 resource on risk product features and calculations for various business and system areas throughout the company.

Primary Duties & Responsibilities:

• Responsible for developing policy/contract value calculation specifications for various systems throughout the company.

• Responsible for identifying and resolving policy/contract value calculation defects in various systems throughout the company.

• Provide requested input during the requirements gathering/documentation process for the company’s risk products and the various systems that support these products.

• Provide information related to specific risk product features and calculations to a variety of business and system areas throughout the company.

• Support ad-hoc requests for policy/contract value calculations from various business areas throughout the company.

• Responsible for ongoing maintenance activities to ensure that policies/contracts continue to produce correct 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.
• Minimum of 1 year of relevant job experience.
• 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 multiple business and systems personnel.
• Ability to work independently and as part of a team.
• Ability to develop and maintain strong working relationships with members of their team, with other teams in the Actuarial Department and with other teams throughout the company and at various job levels.

#LI-Hybrid

Compensation Range:

Pay Range - Start:

$48,580.00

Pay Range - End:

$90,220.00

Geographic Specific Pay Structure:

Structure 110:

$53,410.00 USD - $99,190.00 USD

Structure 115:

$55,860.00 USD - $103,740.00 USD

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.

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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.