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The Role
Build, maintain, convert, and enhance Python-based actuarial models supporting participating whole life products and dividend management. Translate business requirements into documented, sustainable solutions; collaborate with actuarial experts on validation, testing, governance, and production readiness. The role will expand into assumption development, regulatory testing, and dividend liability analysis while helping modernize the organization’s modeling platform and practices.
Summary Generated by Built In
The Opportunity
As a Modeling Actuary on the Dividend Analytics team, you will help build, maintain, and enhance the Python-based actuarial models and applications that support MassMutual's participating whole life products and dividend management processes. Working at the intersection of actuarial expertise and modern model development, you will partner with subject matter experts to translate complex business and modeling requirements into sustainable, well-governed solutions.
You will play a key role in the evolution of a modernized modeling platform, ensuring critical business models remain accurate, supportable, and adaptable as business needs evolve. Successful candidates will develop expertise in participating whole life products and dividend management concepts while helping advance the organization's long-term modeling capabilities.
The Team
The Dividend Analytics team sits within the DIMES organization in Corporate Actuarial and plays a critical role in maintaining and enhancing the models and analytics behind MassMutual's annual dividend, a direct reflection of the company's long-standing commitment to sharing its financial success with participating policyowners.
As a member of this small, highly specialized team with deep business and modeling expertise, you will play a central role in modernizing the team's dividend models within a Python environment while strengthening the team's long-term modeling, governance, and analytical capabilities.
The Impact
The Minimum Qualifications
The Ideal Qualifications
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
As a Modeling Actuary on the Dividend Analytics team, you will help build, maintain, and enhance the Python-based actuarial models and applications that support MassMutual's participating whole life products and dividend management processes. Working at the intersection of actuarial expertise and modern model development, you will partner with subject matter experts to translate complex business and modeling requirements into sustainable, well-governed solutions.
You will play a key role in the evolution of a modernized modeling platform, ensuring critical business models remain accurate, supportable, and adaptable as business needs evolve. Successful candidates will develop expertise in participating whole life products and dividend management concepts while helping advance the organization's long-term modeling capabilities.
The Team
The Dividend Analytics team sits within the DIMES organization in Corporate Actuarial and plays a critical role in maintaining and enhancing the models and analytics behind MassMutual's annual dividend, a direct reflection of the company's long-standing commitment to sharing its financial success with participating policyowners.
As a member of this small, highly specialized team with deep business and modeling expertise, you will play a central role in modernizing the team's dividend models within a Python environment while strengthening the team's long-term modeling, governance, and analytical capabilities.
The Impact
- Primarily responsible for the conversion, ongoing enhancement, and long-term ownership of the Python-based dividend modeling platform supporting MassMutual's participating whole life products.
- Translate business requirements, model enhancements, and analytical requests into maintainable, well-documented solutions.
- Partner with actuarial subject matter experts to support model validation, testing, and production readiness.
- Promote sound development standards, testing frameworks, documentation, and modeling best practices.
- Over time, take on broader responsibilities within Dividend Analytics, extending beyond the modeling platform into the team's core analytical and dividend-setting work, including assumption development, regulatory testing, and dividend liability analysis.
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.
- 5+ years of actuarial experience within insurance, financial services, or a related quantitative field.
- 3+ years of Python programming experience supporting analytical, actuarial, or modeling applications.
- Experience developing, maintaining, validating, or enhancing actuarial, financial, or other complex quantitative models.
- Demonstrated ability to translate business requirements into maintainable solutions while independently managing multiple priorities.
The Ideal Qualifications
- FSA designation.
- Experience with the design, pricing, modeling, or inforce management of participating life insurance products.
- Experience modernizing or converting legacy actuarial models into modern platforms.
- Understanding of model controls, governance, and risk management, including the ability to implement model development and management best practices.
- Strong collaboration and communication skills, with the ability to work across technical and non-technical audiences and navigate ambiguity.
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:
- Regular collaboration with actuarial and business subject matter experts responsible for critical dividend management processes.
- Opportunities to help shape the future of a modernized modeling platform and tackle complex actuarial, financial, and analytical modeling challenges.
- Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes.
- 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, data science, computer science, engineering, or a related quantitative or technical field
- ASA designation
- 5+ years of actuarial experience within insurance, financial services, or a related quantitative field
- 3+ years of Python programming experience supporting analytical, actuarial, or modeling applications
- Experience developing, maintaining, validating, or enhancing actuarial, financial, or other complex quantitative models
- Ability to translate business requirements into maintainable solutions while independently managing multiple priorities
- FSA designation
- Experience with the design, pricing, modeling, or inforce management of participating life insurance products
- Experience modernizing or converting legacy actuarial models into modern platforms
- Understanding of model controls, governance, and risk management, including implementation of model development and management best practices
- Strong collaboration and communication skills across technical and non-technical audiences, including the ability to navigate ambiguity
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
