Be an Early Applicant
We help people secure their future and protect the ones they love.
The Role
Perform life insurance valuation modeling in AXIS across statutory, tax, and GAAP frameworks. Execute cash flow testing, product implementations, assumption changes, and model updates; deliver financial results; strengthen model controls and versioning; collaborate with technology partners and auditors; and ensure regulatory and model governance compliance. The role requires actuarial expertise, AXIS experience, knowledge of life insurance products and regulations, and strong analytical and communication skills.
Summary Generated by Built In
Location: New York, NY, Springfield, MA or Boston, MA
The Opportunity
At MassMutual, we're dedicated to helping people secure their future and protect the ones they love. The Corporate Actuarial organization supports this mission with actuarial and business analytics, while providing our employees with meaningful career experience. To support the expanding role and influence of our valuation models, we are hiring an Actuary for the Life Valuation Modeling team.
The Team
The Valuation Modeling Team helps to protect the long-term interests of policyholders by ensuring MassMutual is positioned to meet its future obligations. Responsible for over $100 billion in direct statutory reserves, the team performs statutory, GAAP/LDTI and tax valuation on Par Whole Life, Term, UL and VUL products. Our work affects regulatory compliance, strategic decision-making and inforce management. For those interested in modeling, interpreting, and communicating financial results in a collaborative team environment, this is an exciting role.
The Impact:
The Minimum Qualifications
The Ideal Qualifications
What to Expect as Part of MassMutual and the Team
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
The Opportunity
At MassMutual, we're dedicated to helping people secure their future and protect the ones they love. The Corporate Actuarial organization supports this mission with actuarial and business analytics, while providing our employees with meaningful career experience. To support the expanding role and influence of our valuation models, we are hiring an Actuary for the Life Valuation Modeling team.
The Team
The Valuation Modeling Team helps to protect the long-term interests of policyholders by ensuring MassMutual is positioned to meet its future obligations. Responsible for over $100 billion in direct statutory reserves, the team performs statutory, GAAP/LDTI and tax valuation on Par Whole Life, Term, UL and VUL products. Our work affects regulatory compliance, strategic decision-making and inforce management. For those interested in modeling, interpreting, and communicating financial results in a collaborative team environment, this is an exciting role.
The Impact:
- Apply deep modeling expertise to all phases of input, processing, and output of valuation projections in Axis
- Utilize modeling acumen to execute complex projects such as Cash Flow Testing, new product implementations, assumption change, and structural model updates
- Deliver and explain Stat, Tax and GAAP financial results.
- Develop and improve existing control and versioning methodology in valuation models
- Improve efficiency by leveraging communication skills with internal and external technology partners
- Apply knowledge of life insurance products and regulations to navigate complexity, ambiguity, and limitations in valuation software
- Work directly with various audit stakeholders to demonstrate compliance with regulatory and model governance standards
- Demonstrate agility in responding to stakeholder questions and unexpected results, often at times of peak activity and tight deadlines
The Minimum Qualifications
- Bachelor's degree in actuarial science, mathematics, statistics, data science, computer science, engineering, or a related quantitative or technical field.
- ASA designation
- 4+ years of actuarial experience within insurance, financial services, or a related quantitative field.
- 1+ years of experience with Axis
The Ideal Qualifications
- FSA designation
- 4+ years of experience with Axis, including model leadership or stewardship roles
- Demonstrated accountability and ownership of long-term independent projects
- Proficient with Axis features such as DataLink, investment cells, scenario files, and embedded block processing
- Understanding of modeling infrastructure such as ELink, GridLink, and output databases
- Expertise with identifying multiple solutions to a problem, and developing collaborative solutions to software limitations
- Ability to estimate resource requirements and set expectations with key stakeholders for highly visible projects
- Experience with Principle-Based Reserves, valuation regulations, product design, modeling assumptions, and inforce policy data
- Proficient with model-supported software such as MS Excel and SQL.
- Strong math, analytical and collaboration skills
- Strong communication skills, both written and verbal
- Continuous improvement mindset
- Ability to build and maintain strong working relationships across cross-functional groups
What to Expect as Part of MassMutual and the Team
- Regular meetings with the Life Valuation Team
- Focused one-on-one meetings with your manager
- Access to mentorship opportunities
- Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
- Access to learning content on Degreed and other informational platforms
- Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
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, data science, computer science, engineering, or a related quantitative or technical field
- ASA designation
- At least 4 years of actuarial experience within insurance, financial services, or a related quantitative field
- At least 1 year of experience with AXIS
- FSA designation
- At least 4 years of experience with AXIS, including model leadership or stewardship roles
- Accountability and ownership of long-term independent projects
- Proficiency with AXIS features including DataLink, investment cells, scenario files, and embedded block processing
- Understanding of modeling infrastructure such as ELink, GridLink, and output databases
- Experience identifying multiple solutions and developing collaborative solutions to software limitations
- Ability to estimate resource requirements and set expectations with key stakeholders for highly visible projects
- Experience with Principle-Based Reserves, valuation regulations, product design, modeling assumptions, and inforce policy data
- Proficiency with MS Excel and SQL
- Strong mathematical, analytical, collaboration, written communication, and verbal communication skills
- Continuous improvement mindset
- Ability to build and maintain strong working relationships across cross-functional groups
MassMutual Compensation & Benefits Highlights
How does MassMutual ensure its pay and bonus plans are competitive?
MassMutual supports competitive compensation through salary and bonus opportunities, retirement contributions, pay transparency practices and a broad benefits package that adds value beyond base pay. The company also uses long-running pay equity reviews and employee feedback to evaluate whether rewards are supporting employees across roles and life stages.
- Competitive pay and bonus opportunities: MassMutual describes its total rewards approach as holistic and flexible, with competitive salaries and bonuses designed to support employees’ financial well-being. Employees also point to compensation as part of the value proposition, with one sales assistant citing “great benefits and lots of flexibility,” and another employee describing the company’s “good leadership and benefits.”
- Retirement and financial benefits: MassMutual provides a 401(k) benefit of up to 10% of eligible compensation, including a 5% company match and a 5% annual company contribution. The company also treats eligible student loan payments like 401(k) contributions for matching purposes and begins monthly retirement healthcare account contributions for employees starting at age 45.
- Pay transparency and pay equity: MassMutual posts salary ranges in most job postings and has used an independent HR risk management firm to conduct annual adjusted pay gap reviews for 17 years. That approach connects compensation competitiveness with equity and accountability across the employee experience.
- Benefits as part of total rewards: MassMutual’s compensation includes health, dental and mental health benefits, caregiver leave, parental leave, bereavement leave, paid volunteer time, flexible holidays and a Well-Being Wallet of up to $1,250 annually. A head of human resources said, “It’s not about industry standards — it’s about supporting all employees’ well-being in ways that are meaningful to them.”
- 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)
- Compensation 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)
- Financial stability: MassMutual reported more than $10 billion in insurance and annuity benefits paid in 2025 and total adjusted capital above $34 billion, reinforcing the company’s long-term financial foundation. (MassMutual 2025 Annual Report)
Bottom line: MassMutual supports competitive pay through salary and bonus opportunities, strong retirement contributions, pay transparency, recurring pay equity reviews and benefits designed to support employees’ financial, physical, mental and family well-being.
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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
