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We help people secure their future and protect the ones they love.
The Role
The Actuary supports UK longevity reinsurance and U.S. Pension Risk Transfer businesses through mortality studies, profitability analysis, in-force reporting, actuarial modeling, and assumption governance. Responsibilities include maintaining pricing models, developing dashboards and analytical frameworks, evaluating business performance, documenting controls and validations, and communicating insights to Finance, Risk Management, and business leaders. The role requires an ASA designation and at least five years of actuarial experience.
Summary Generated by Built In
Actuary
Longevity Product & Actuarial, Institutional Solutions
Full-Time, Springfield or Boston
The Opportunity
The Actuary will be an integral member of the Longevity Product and Actuarial team within Institutional Solutions, utilizing actuarial and analytical expertise to support both the UK Longevity Reinsurance and Pension Risk Transfer (PRT) businesses. This role offers the opportunity to perform impactful actuarial work across mortality experience analysis, profitability monitoring, in-force business management, and business analytics, helping to inform decisions that support the long-term success of these growing businesses.
This highly collaborative role partners across actuarial, finance, and risk management functions and provides meaningful exposure to business leadership. The successful candidate will have significant ownership over experience analysis processes and reporting, leveraging data-driven insights to identify emerging trends, evaluate business performance, and support strategic decision-making. This position is well suited for an individual who enjoys combining technical actuarial expertise with broader business problem solving and influencing outcomes through actionable insights.
The Team
The Longevity Product and Actuarial team works collaboratively with the Pension Risk Transfer market leader, PRT pricing team, and other key stakeholders to achieve profitable growth and provide in-force and new business insights, while ensuring adherence to all regulatory, compliance and corporate governance policies. Team strengths include collaboration, execution mindset, influence, business acumen, and technical skills.
Team members work closely with Corporate Actuarial, Enterprise Risk Management, and business leadership to provide actionable insights, manage risk, and support the long-term success of these businesses.
The Impact
The Minimum Qualifications (Required)
The Ideal Qualifications (Preferred)
What You Can Expect at MassMutual
MassMutual offers the opportunity to do meaningful work within a purpose-driven organization that values long-term impact over short-term outcomes. In this role, you can expect:
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
California residents: For detailed information about your rights under the California Consumer Privacy Act (CCPA), please visit our California Consumer Privacy Act Disclosures page.
Salary Range: $144,800-$190,000
Longevity Product & Actuarial, Institutional Solutions
Full-Time, Springfield or Boston
The Opportunity
The Actuary will be an integral member of the Longevity Product and Actuarial team within Institutional Solutions, utilizing actuarial and analytical expertise to support both the UK Longevity Reinsurance and Pension Risk Transfer (PRT) businesses. This role offers the opportunity to perform impactful actuarial work across mortality experience analysis, profitability monitoring, in-force business management, and business analytics, helping to inform decisions that support the long-term success of these growing businesses.
This highly collaborative role partners across actuarial, finance, and risk management functions and provides meaningful exposure to business leadership. The successful candidate will have significant ownership over experience analysis processes and reporting, leveraging data-driven insights to identify emerging trends, evaluate business performance, and support strategic decision-making. This position is well suited for an individual who enjoys combining technical actuarial expertise with broader business problem solving and influencing outcomes through actionable insights.
The Team
The Longevity Product and Actuarial team works collaboratively with the Pension Risk Transfer market leader, PRT pricing team, and other key stakeholders to achieve profitable growth and provide in-force and new business insights, while ensuring adherence to all regulatory, compliance and corporate governance policies. Team strengths include collaboration, execution mindset, influence, business acumen, and technical skills.
Team members work closely with Corporate Actuarial, Enterprise Risk Management, and business leadership to provide actionable insights, manage risk, and support the long-term success of these businesses.
The Impact
- Lead case-specific mortality experience studies to assess emerging mortality trends and support assumption setting for prospective deals for both the UK Longevity Reinsurance and Pension Risk Transfer businesses
- Monitor and evaluate UK Longevity in-force business performance through profitability analysis, experience reporting, and management dashboards, generating actionable insights to support business decision-making
- Support the continued development and enhancement of in-force management capabilities, including expansion of reporting and analytical frameworks to the US PRT business
- Maintain and enhance the UK Longevity Reinsurance Pricing Model
- Support model and assumption governance activities, including documentation, controls, & validation
- Partner with Finance, Enterprise Risk Management, and business leaders to evaluate business performance, communicate actuarial insights, and support strategic initiatives
The Minimum Qualifications (Required)
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or related field
- ASA designation
- 5+ years of actuarial experience including developing, maintaining, or enhancing actuarial models and analytical tools
The Ideal Qualifications (Preferred)
- FSA designation
- Experience with Pension Risk Transfer, longevity reinsurance, annuities, or retirement products
- Experience performing mortality experience studies, assumption development, or assumption governance activities
- Experience supporting model governance, validation, controls, or documentation
- Proficiency in R, VBA, Power BI, or similar analytical and reporting tools
- Experience developing dashboards, visualizations, or management reporting to communicate business performance and actionable insights
- Experience presenting analytical findings and recommendations to business leaders and non-technical stakeholders
What You Can Expect at MassMutual
MassMutual offers the opportunity to do meaningful work within a purpose-driven organization that values long-term impact over short-term outcomes. In this role, you can expect:
- Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes
- A collaborative environment where perspectives are welcomed
- Access to learning, development, and internal networks that support continuous growth and skill-building over time
- Employee-led communities and forums that foster connection, learning, and inclusion across the organization
- A culture grounded in integrity, responsibility, and stewardship-supported by a company with a strong legacy and a future-focused mindset
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
California residents: For detailed information about your rights under the California Consumer Privacy Act (CCPA), please visit our California Consumer Privacy Act Disclosures page.
Salary Range: $144,800-$190,000
Skills Required
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related field
- ASA designation
- 5+ years of actuarial experience, including developing, maintaining, or enhancing actuarial models and analytical tools
- FSA designation
- Experience with Pension Risk Transfer, longevity reinsurance, annuities, or retirement products
- Experience performing mortality experience studies, assumption development, or assumption governance activities
- Experience supporting model governance, validation, controls, or documentation
- Proficiency in R, VBA, Power BI, or similar analytical and reporting tools
- Experience developing dashboards, visualizations, or management reporting to communicate business performance and actionable insights
- Experience presenting analytical findings and recommendations to business leaders and non-technical stakeholders
MassMutual Compensation & Benefits Highlights
How does MassMutual ensure its pay and bonus plans are competitive?
MassMutual provides market-competitive salaries and generous incentive pay opportunities for all employees. Whether an employee is just starting out, transitioning to a new career, or joining us as a seasoned leader — we value their contributions.
- Competitive Salary and Bonus offerings: MassMutual’s base salaries reward and recognize employees’ experience, skills and performance. Our salary ranges are regularly benchmarked within our industry and the broader job market to ensure competitiveness. Additionally, all MassMutual employees have the opportunity to receive competitive, performance-based bonuses, either annually or more frequently.
- Annual Incentive Plan (AIP): AIP awards are discretionary and based on individual and company performance, with opportunities to earn above-target bonuses in years with exceptional results. These awards consider not only what results a person achieved, but how they achieved them, rewarding behaviors that help create a productive and welcoming work environment for everyone.
- Employees in sales roles participate in our variable incentive compensation (VIC) program instead of AIP. VIC provides incentive pay awards commensurate with results for individuals in roles that directly influence sales.
- Employees in sales roles participate in our variable incentive compensation (VIC) program instead of AIP. VIC provides incentive pay awards commensurate with results for individuals in roles that directly influence sales.
- Pay transparency and pay equity: MassMutual publishes salary ranges in job postings and is committed to promoting pay equity. This includes providing pay equity training to managers, reviewing the pay of employees who perform similar work as a standard practice when making compensation recommendations, and partnering regularly with independent external experts to check our work.
- Benefits as part of Total Rewards: MassMutual invests in every aspect of their employees’ well-being, providing a rewards package that goes far beyond a paycheck to support them physically, mentally, and financially. Their robust healthcare, retirement and protection benefits provide a range of support through all of life’s big moments — and, over the years, they have expanded their pioneering leave programs so employees can better care for themselves and the people they love.
- Health benefits: MassMutual offers a comprehensive suite of health and wellness benefits, focusing on solutions that support holistic well-being, aimed at improving access and outcomes for all, and provide flexibility to meet our employees’ and their families’ unique needs. Employees value our wide array of benefits, with one sales assistant citing “great benefits and lots of flexibility,” and another employee describing the company’s “good leadership and benefits.” (MassMutual Careers Benefits; Glassdoor). In a 2026 employee survey, one employee noted “The organization offers a wide range of programs and benefits that meaningfully support employees and foster a positive, inclusive culture.”
- Retirement and financial benefits: MassMutual provides a 401(k) plan contribution of up to 10% of eligible compensation, including up to 5% company match on employee deferrals and, for all eligible employees, a 5% annual company contribution. The company also treats eligible student loan payments like 401(k) contributions for matching purposes. The company provides a Retiree Health Reimbursement Account to eligible employees; monthly credits start at age 45. (MassMutual Careers Benefits; MassMutual 2025 Annual Report)
- Additional health programs: MassMutual offers additional benefits such as a health savings account, access to a broad network of mental health resources and providers for employees and their family members, and resources like medical and surgery decision support, healthcare navigation services, and more. All employees also have access to a Well-Being Wallet, where they can be reimbursed for up to $1,250 per year for eligible physical, mental, or financial wellness related expenses.
- Other benefits: Employees have access to an array of resources to help strengthen their overall well-being and protect the ones they love, at every stage of life. Whether growing their family, volunteering in their community, planning their legacy, or looking to save on everyday expenses like pet or auto insurance, we offer financial benefits and corporate discounts to help.
- Employee Feedback on Benefits: MassMutual conducts regular employee surveys, and benefits continuously receive positive feedback. In their 2026 survey, one employee said “...the total benefits program here at MassMutual has to be one of the best, if not the very best. It seems this company goes out of its way to make sure their employees are well taken care of." With another employee sharing “The Well-Being Wallet, education reimbursement, time off & leave programs are top notch and unlike anything I've experienced”.
- Time off & leaves: MassMutual’s flexible time-off and leave programs support employees’ well-being, help them care for loved ones, and balance personal priorities. Offerings include inclusive caregiver, bereavement, and other essential leaves; generous parental leave and financial support for adoption and surrogacy; up to 24 hours of paid volunteer time annually; and generous vacation, flexible holidays, companywide paid holidays and remote work weeks, and five “take care days.”
- External signals:
- Benefits value: Employees on external review sites regularly highlight benefits as a strength, with reviews calling out “excellent benefits,” “great benefits” and a “great benefits package.” (Glassdoor; Indeed)
- Benefits and retention: Employees surveyed on external review sites rate MassMutual’s perks and benefits an A-, with 100% saying perks and benefits play a role in staying at the company. (Comparably)
Bottom line: MassMutual supports employee wellbeing through competitive salaries and bonus opportunities, strong retirement contributions, and benefits designed to support the financial, physical, and mental well-being of employees and their families.
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The Company
What We Do
Since 1851, MassMutual’s commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We’re people helping people. Together, we’re stronger.
Why Work With Us
MassMutual has the financial security and stability of a 170+ year old company, with the culture and energy of a startup. We work every day with the customer front of mind to build the best digital experience in the industry.
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MassMutual Teams
MassMutual Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
We believe in capitalizing on the best of being together in our offices as well as personal flexibility. Our workplace philosophy puts office collaboration first, combined with flexibility to work remotely.
Typical time on-site:
3 days a week
