MassMutual Financial Group Actuary - Annuity Product and Pricing in Springfield, Massachusetts

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The position is part of the Product Management & Pricing department within MassMutual US. The team is responsible for the pricing of all MassMutual Annuities. In addition to Annuity pricing, the team is also expected to support, as necessary, all other actuarial aspects of Annuity product management, operations support and distribution interaction. This potentially means active involvement with experience studies, competitive analysis and other actuarial functions.


  • Lead the pricing of new and existing Annuity products.

  • Provide actuarial support for policy form and regulatory filings, competitive benchmarking and industry analysis.

  • Work with our business partners to understand the industry competitive landscape and be a key player in the design of new products to balance competitiveness and profitability.

  • Take ownership in setting pricing assumptions and performing pricing analysis.

  • Lead pricing review and approval process with both Corporate Actuarial and MassMutual US Product Management & Pricing.

  • Provide technical guidance, mentoring and training to actuarial students on the Annuity team.

  • Gain proficiency and be the subject matter expert on the pricing actuarial systems GGY Axis and Prophet.

  • Take ownership of pricing models and lead model development for new products.

  • Mentor actuarial professionals/staff that assists this role in conducting actuarial studies and activities

  • Prepare actuarial certifications for product development and SEC filings.

  • Drives continuous improvement and efficiencies beyond own scope of responsibility.


  • Experience with actuarial software and models.

  • Ability tobuild,validate, enhance, and maintain asset share pricing models.

  • Ability to interact with technical and non-technical audiences at all levels, within and across organizational boundaries.

  • Ability to use a disciplined work approach to initiatives, projects, and day-to-day activities.

  • Bachelor’s degree in actuarial science, math, statistics, or related discipline

  • FSA, MAAA designations required.

  • Authorized to work in the US without sponsorship


  • Annuity, ALM or investment experience is preferred.


Focus on the Customer : Know your customers well; add value with a sense of urgency.

Act with Integrity : Be trustworthy, adhere to high ethical standards and adhere to the letter and spirit of applicable laws, rules, regulations and company policies.

Value People : Lead people to success; appreciate diverse backgrounds, ideas and experiences.

Work Collaboratively: Partner with others to achieve results that leverage the right resources.

Achieve Results : Focus on winning; consistently exceed expectations, beat the competition.

MassMutual Financial Group is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.