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

Founded in 1851, MassMutual is committed to its purpose: We help people secure their future and protect the ones they love.

Ranked No. 76 in the annual FORTUNE® 500 ranking (FORTUNE® Magazine, 6/15/16), MassMutual continues its long history of financial strength. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans achieve their financial goals. We continue to be recognized for our efforts to create a diverse and inclusive workplace! MassMutual is one of DiversityInc’s 2016 Top 50 Companies for Diversity and ranked a 2016 Top 10 Company for Executive Women by the National Association for Female Executives. In 2015, after more than 15 years of earning a place on the Working Mother Top 100 Best Companies list, MassMutual was inducted into the Working Mother Hall of Fame.

MassMutual also scored 100 percent on The Human Rights Campaign's Corporate Equality Index (CEI) to earn a spot on the CEI Best Places to Work List (2016). In addition, MassMutual has been recognized as a World’s Most Ethical Company by the Ethisphere Institute and 2016 Military Friendly Employer by Military Friendly. For more information, visit www.massmutual.com or find us on Facebook, Twitter, LinkedIn, YouTube, Google+ and Pinterest. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. CRN201806

POSITION SUMMARY

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.

RESPONSIBILITIES

  • 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.

QUALIFICATIONS

  • 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

PREFERRED QUALIFICATIONS

  • Annuity, ALM or investment experience is preferred.

WINNING WAYS

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.