Description
As a leading provider of annuities, MassMutual Ascend is committed to taking financial futures above and beyond. This means offering innovative products that fit our customers’ unique needs – whether it’s protecting their hard-earned savings, receiving guaranteed income or providing for loved ones. MassMutual Ascend is proud to offer customers a level of strength and stability they can count on for years to come.
The Opportunity
We are seeking a motivated and detail-oriented Risk Analyst to join our Enterprise Risk Management team at MassMutual Ascend. In this role, you will support the equity hedging program for our annuity portfolio by assisting with risk analysis, data modeling, and valuation processes. You'll collaborate with teams across pricing, finance, and operations to ensure effective risk management. This position has a hybrid work schedule based out of our downtown Cincinnati office.
Job Responsibilities
- Regularly gathers and aggregates indexed annuity hedge purchase data in an accurate and efficient manner.
- Develops and updates ERM reporting metrics related to risk position, especially as it relates to the hedging of annuities, then communicates results to senior management.
- Supports the evaluation of potential future hedging strategies and assists in the development and implementation of new strategies.
- Supports the production of ERM risk dashboards.
- Builds relationships with Product Development, Financial Reporting, Solvency and Capital Analytics, and Investment Management.
- Communicates results to management effectively.
- Develops knowledge of indexed deferred annuity products.
Minimum Qualifications
- Bachelor’s degree in Finance, Accounting, Mathematics, Statistics, Actuarial Science or related field
- 2-4 years of relevant experience in financial or actuarial fields
- Strong Microsoft Excel knowledge required
- Strong computer skills and problem-solving ability
- Good communication skills and attention to details are essential
- Strong organizational skills and ability to prioritize work and meet deadlines
Ideal Qualifications
- Deferred annuity experience, in particular, indexed annuity products
- Familiarity with equity derivatives
- Strong working knowledge of SQL, including the ability to write complex queries and manipulate large datasets for reporting and analysis.
What to Expect
Focused one-on-one meetings with your manager
Ongoing opportunities for development and learning
A place to grow your career in a culture that inspires, rewards and develops employees
Small company feel with a focus on meeting customer’s needs today and also well into the future
#LI-MM1
Why Join Us.
MassMutual Ascend Life Insurance Company is an Equal Employment Opportunity employer. We welcome all persons to apply.
At MassMutual Ascend we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance..
Top Skills
What We Do
MassMutual Ascend (previously Great American Life)
At MassMutual Ascend, we are committed to going above and beyond – so when it comes to your financial future, the impossible feels possible. As a leading provider of annuities, we see our products as more than just contracts. Our annuities are transparent and easier to understand, so you always know what to expect.
The status quo isn’t a status we ever want. At MassMutual Ascend, we’ll always be in pursuit of better – so you can navigate your future with confidence.
Products issued by MassMutual Ascend Life Insurance Company, a wholly owned subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual). All guarantees subject to the claims-paying ability of MassMutual Ascend.
Registered index-linked annuities underwritten and distributed by MM Ascend Life Investor Services, LLC, member FINRA and an affiliate of MassMutual Ascend Life Insurance Company
