MassMutual Financial Group Actuary – Stable Value Products in Boston, Massachusetts

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.

A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are the foundation of what makes MassMutual a strong, stable and ethical business. We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.

Together, we’re stronger.

Description

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SUMMARY

MassMutual is seeking an accomplished Actuary to join the company’s Institutional Actuarial team within MassMutual Institutional Solutions. The Institutional Businesses are undergoing growth and represent a key component of the company’s business strategy. In this individual contributor role, the incumbent will utilize their influence, business and technical knowledge to influence strategy and execute on driving risk controlled profitable growth.

RESPONSIBILITIES

The primary responsibilities will be to support the Stable Value Products for both the Institutional Investment and Workplace product lines. Key areas of focus include Product Development, Pricing, In-force Product Management, Underwriting, and Financial & Risk Management. This role will require combining technical actuarial skills with influence, collaboration, and effective communication with internal business lines, corporate and other MassMutual functions, as well as involve interaction with external clients, intermediaries and partners.

QUALIFICATIONS

  • Determination of new business & in-force crediting rates utilizing both the portfolio and investment year methods.

  • Calculation of market value adjustments, Fair Value, and annuity rate calculations.

  • Liaison with Corporate teams on ALM and crediting rate strategies.

  • Liaison with Corporate Investments & Barings on management of the GIA Stable Value pricing

  • Supporting and leading projects related to product changes and new product offerings including pricing, contracts, filing, risk assessment, and approvals from our corporate risk function working in close partnership with the business lines

  • Supporting Stable Value and DB products and other Institutional Solutions as needed

  • Present complex analyses and concepts to executive management

  • Analysis of risks and underwriting considerations and participating in contract negotiations

  • Performing experience studies and setting assumptions

  • Reporting on stable value products & performing financial analyses and forecasting

  • Acting as a technical expert on stable value products including providing support to client facing teams

  • Solicit & analyze competitive data

  • Influence and contribute to ongoing business strategy and growth

  • Other Stable Value and actuarial projects in support of the Institutional and Workplace businesses

  • Must be eligible to work in the US without sponsorship now or in the future.

QUALIFICATIONS

  • An accomplished ASA or FSA with experience in pricing, product development or investments

  • Bachelor's Degree

  • 6+ years experience in an Actuarial role; industry wrap risk management, stable value, or related experience

  • Demonstrates leadership and influence

  • Demonstrates initiative and sense of urgency; takes ownership and is results-orientated

  • Ability to effectively manage and deliver on multiple concurrent deliverables

  • Disciplined approach to strategic initiatives, business projects and day-to-day activities

  • Ability to analyze and comprehend complex information, as well as convey complex materials to non-technical audiences

  • Comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem

  • Detail oriented with strong analytical, critical thinking and problem solving skills Excellent interpersonal and communication skills (written, verbal, presentation)Advanced business degree and/or professional qualifications

PREFERRED QUALIFICATIONS

  • Knowledgeable in aspects of stable value products

Ranked No. 93 in the annual FORTUNE ® 500 Ranking (FORTUNE ® Magazine, June 2018) and recognized as a World’s Most Ethical Company by Ethisphere, MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

CORE VALUES

Focus on the Customer: We understand our customers well and look for every opportunity to deliver an experience that is clear, easy, personal, human, empowering and trustworthy.

Act with Integrity: We deliver on our promises by being open, honest and humble and by adhering to the letter and spirit of applicable laws, rules, regulations and company policies.

Value People: We respect and learn from each other’s diverse backgrounds, experiences and ideas. We engage and develop people to their greatest potential.

Work Collaboratively: We work together to achieve results by actively listening, seeking, understanding and creating solutions as a unified team driving toward one company, one culture, one brand.

Achieve Results: We focus on winning by exceeding expectations and getting better – everyone, every day.

For more information, visit www.massmutual.com or find us on Facebook, Twitter, LinkedIn, YouTube, Google+, Instagram and Pinterest.

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

At MassMutual, we’re fostering an inclusive and dynamic environment where our employees are valued for who they are and can build successful careers. For us, diversity and inclusion is more than a goal, it’s the only way forward.

• 100% rating on the Human Rights Campaign Corporate Equality Index (2018)

• National Association for Female Executives Top Company for Executive Women (2018)

• Disability Equality Index® (DEI) Best Place to Work for Disability inclusion (2018)

• Working Mother Media 100 Best Company (2017)

• Military Friendly Employer (2018)