VP-Actuary, Annuities

Overview As the VP, of Annuity Pricing, you will play a key role in Northwestern Mutual’s growth and long-term success by leading a team of actuaries to develop, price, and support the launch of new annuity products that deliver high value for our customers and align with Northwestern Mutual’s long-term strategy. You will be directly managing a team of 2 to 3 individuals on the Pricing team within the Actuarial Department. You will balance product economics, risk, and market competitiveness; help develop and test creative solutions to challenges encountered in product design, pricing, and the implementation processes. Primary Duties and Responsibilities Provides professional actuarial advice and services to Northwestern Mutual by assisting in the achievement of overall Company goals by functioning as a leader of team activities, direction of team members and/or through individual performance. Defines and executes the long-term pricing strategy for fixed, variable, accumulation, and income annuity products, aligning pricing and product priorities with enterprise objectives, customer needs, market dynamics, and established growth and risk management guidelines. Leads product pricing, rate-setting, and actuarial analysis across the annuity portfolio, overseeing pricing models, scenario analysis, and other actuarial assessments to support profitable growth and sound risk management. Provides strategic actuarial leadership and expertise to support company objectives, applying sound actuarial judgment to product design, pricing, and complex business decisions. Anticipates and incorporates regulatory, economic, competitive, industry, and customer trends into product design and pricing to strengthen competitiveness and inform future growth opportunities. Advises senior leadership on product design, pricing, profitability, and risk, translating complex actuarial analysis into clear business implications and actionable recommendations that enable informed decision-making. Drives continuous improvement of pricing capabilities, tools, models, and processes, identifying opportunities to enhance analytical rigor, efficiency, scalability, and the quality of pricing insights. Builds and develops a high-performing actuarial team through leadership, coaching, mentorship, succession planning, and talent development, while fostering an inclusive culture of accountability, collaboration, continuous improvement, and professional growth. Qualifications Fellow of the Society of Actuaries. Ten years of significant Actuarial experience. Experience with annuity products preferred. Proven ability to build and sustain high-performing teams, develop leadership talent, and create an engaging environment that attracts and retains top actuarial professionals. Substantial knowledge and experience in a variety of actuarial subjects. Ability to manage interdepartmental projects and to direct activities of team members. High degree of expertise in…