Modeling Actuary
The Opportunity
As an Actuary on the Annuity Valuation team you will be responsible for supporting the modeling, analysis and reporting of various annuity blocks including acquired and ceded blocks of business. In addition, the role will work with pricing and hedging teams to evaluate the impact of changes to current processes. You will be a key resource in maintaining our production process, updating assumptions, and communicating results to various teams throughout the organization.
The Team
The Annuity Valuation Team is focused on the valuation and actuarial reporting for all of MassMutual’s annuity products. Our team members help drive delivery of accurate financial information and analysis, in actionable and forward-thinking ways. We are a small team, so agility is important. If you are someone that has a passion for continuous improvement, innovative practices, and a curiosity to pursue learning opportunities, this may the right role for you.
The Impact
- Partner with other teammates to run the monthly production processes for our entire annuity program.
- Continually improve model processes and streamline work processes so we can spend more time analyzing results.
- Collaborate with the pricing and hedging teams to understand and implement model changes where needed.
- Use the valuation governance framework, including assumption-setting, model development and management and data governance to implement new products and produce accurate, informative results.
The Minimum Qualifications
- Bachelor’s Degree or higher
- Fellow or Associate of the Society of Actuaries
- Minimum of 5 years’ actuarial experience
- Expertise in data and model management
- Continuous improvement and strong controls mindset
- Working knowledge of US annuity products
- Strong communication skills, both written and verbal
The Ideal Qualifications
- Strong modeling and technical skills, but also a healthy intellectual curiosity and willingness to think outside the box
- Ability to build and maintain strong working relationships across cross-functional groups and to proactively resolve issues
- Knowledge of annuity products, risk management techniques, regulations and methodologies
- Experience with VBA, CASE and Prophet modeling platforms
What to Expect as Part of MassMutual and the Team
- Regular meetings with the Annuity 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
About MassMutual
We’ve been around since 1851. During our history, we’ve helped millions of people find financial freedom, offer financial protection, and plan for the future.
Today, we continue to develop meaningful relationships with our customers by building their trust, being knowledge problem solvers and always prioritizing their needs. MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life.
MassMutual was recognized as an Ethisphere 2019 World’s Most Ethical Company, a Top Place to Work in 2019 according to The Boston Globe and named among America’s Best Employers for Diversity according to Forbes 2020. MassMutual ranks No. 84 on the Fortune 500 list of largest companies.
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status
#LI-LC1
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.