Actuary - Inforce Analytics & Regulatory Oversight

Actuary - Inforce Analytics & Regulatory Oversight
Full-Time, Springfield or Boston
The Opportunity
The Dividend, Inforce Management and Experience Studies organization within Corporate Actuarial is looking for an energetic actuary with strong analytical skills to join the Inforce Analytics & Regulatory Oversight team. Reporting to the Head of Inforce Analytics & Regulatory Oversight, you will have an opportunity to use your business and actuarial analytic skills to provide expert-level analysis and thought leadership regarding inforce management and other inforce-related regulatory deliverables.
The Team
The Inforce Analytics & Regulatory Oversight Team is motivated to be a trusted partner and go-to provider of thought leadership, subject matter expertise, and insights into inforce management. This small, high performing team is comprised of seasoned actuaries and financial professionals who are responsible for the analytics and modeling systems used for profitability and surplus analysis for life and annuity products as well as overseeing the execution of key regulatory deliverables (e.g. NGE compliance and filings, Illustration Actuary Certifications, 4228 monitoring and filings, etc.). The team manages complex regulatory certifications and supporting analysis, monitors non-guaranteed elements, and partners across Actuarial, Finance, Product, Distribution and Law to deliver actionable insights to inform inforce decision making and ensure compliance with evolving regulatory requirements.
The Impact
The team is actively looking for an Actuary to advance and serve as a subject matter expert on inforce analytics and various regulatory deliverables, with key responsibilities including:

• Supporting the production and documentation of Illustrations Regulation Testing for inforce non-traditional life and term plans, UltraCare, and executive benefit plans as well as supporting Illustration Actuary oversight for traditional whole life participating products and associated riders
• Managing New York Non-Guaranteed Elements (NY NGE) compliance, including coordinating with other stakeholders involved in monitoring towards ensuring compliance
• Supporting other, ongoing regulatory related deliverables, including NY Section 4228
• Develop, analyze, document, and communicate profitability studies for non-traditional life, executive benefit, term product and certain annuity products
• Monitor and propose changes to non-guaranteed elements, including crediting rate setting and repricing to achieve profitability objectives and reflect current experience
• Manage and support the ongoing maintenance of applicable actuarial models that support profitability, illustration regulation testing and other inforce analytics
• Collaborate with cross-functional teams to support ad hoc and other strategic initiatives, including the modeling and reporting build out for Value of Inforce or other Inforce Profit Metric (i.e. Embedded Value) as well as development of product inventories and associated dashboards for real time monitoring of inforce portfolio
• Identify and implement continuous improvement opportunities and regularly adapt current tools, models, processes and reporting to meet business needs

The Minimum Qualifications

• Bachelor's degree in Mathematics, Actuarial Science, Finance or Computer/Data Science or related field
• 5+ years of actuarial experience working in insurance, risk or financial services
• Associate of the Society of Actuaries (ASA)

The Ideal Qualifications

• Fellow of the Society of Actuaries (FSA) or near-FSA
• Member, American Academy of Actuaries a plus
• Experience with insurance products, insurance accounting and finance and field compensation
• Experience with NY NGE compliance and NY Section 4228 a plus
• Advanced proficiency in actuarial modeling tools (e.g., APL, Prophet, AXIS, MG ALFA) and modern data analytics platforms (e.g., Excel, SQL, Alteryx, Python); experience leveraging generative AI tools to increase improve workflows and efficiency a plus
• Strategic thinker who can work independently and distill findings into key conclusions and recommendations
• Self-motivated and driven self-starter
• Role models behaviors (e.g., strong interpersonal skills, intellectual curiosity, high level of professionalism, inclusive behaviors, initiative and sense of urgency, orientation toward team and enterprise success)
• Effectively manage and deliver on multiple concurrent deliverables
• Analyze and comprehend complex information, as well as convey complex materials to non-technical audiences
• Authorized to work in the US with or without sponsorship now or in the future

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MassMutual is an equal employment opportunity employer. We welcome all persons to apply.
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Salary Range: $144,800-$190,000