MassMutual Financial Group Actuary 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
This position is in the Insurance Product Experience, Profit and Risk Analysis team. As part of the MMUS Product Management and Marketing division, this team is responsible for providing in depth analysis of the decrements (morbidity, mortality, and persistency), expenses, and other levers that drive product profitability, capital use and risk. The MMUS portfolio of insurance includes life, annuity, disability, long term care, and critical illness sold in the retail, direct-to-consumer, worksite, and institutional markets. Team members are expected to form an opinion, advocate for the company and our policyholders, and drive action.
Leadexperience studies acrossMMUS that support strategic risk/reward analysis and decisions
Set assumptions for new product development, annual dividend and overall product portfolio risk assessment
Develop/enhance/utilize product financial models to monitor portfolio profitability
Identify risks inherent in new and current product design and develop strategy and process to manage and mitigate
Present complex analysis in simple and straightforward manner to key stakeholders
Support the adoption, utilization and continuous improvement of analytical methodologies
Extract relevant insights from data
Formopinions, make recommendations, and drive change
Incorporate predictive modeling to understand the potential impact on future experience associated with proposed business and underwriting decisions
Support risk assessment and mitigation of new product development and product management
Comply with appropriate Actuarial Standards of Practice, Code of Professional Conduct, and company standards
Partner with Enterprise Risk and Actuarial regarding approaches methodologies and findings of various analytics and experience initiatives
Develop and maintain professional relationships with strategic and financial management leaders across the enterprise including CFO, ERM, ALM, and ESAG Steering Committee
Support continuous improvement through:
Keeping innovation in the forefront
Improving processes and practices
Providing fresh perspectives, breakthrough ideas, and new paradigms to create value
Advocating for change, improvement and optimal value added across the organization
Asking questions and challenging the status quo
Taking ownership and personal responsibility
5-10 years relevant actuarial experience
Experience with actuarial software and models
Ability to build, 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
Authorized to work in the US without sponsorship
FSA, MAAA designations preferred
In depth experience with data analytics tools, such as R, 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.