Actuary - Annuity Pricing and Profitability at MassMutual

Job Description:

Latest job information from MassMutual for the position of Actuary - Annuity Pricing and Profitability. If the Actuary - Annuity Pricing and Profitability vacancy in Springfield, MA matches your qualifications, please submit your latest application or CV directly through the updated Jobkos job portal.

Please note that applying for a job may not always be easy, as new candidates must meet certain qualifications and requirements set by the company. We hope the career opportunity at MassMutual for the position of Actuary - Annuity Pricing and Profitability below matches your qualifications.

Actuary - Variable Annuity Pricing

Full-Time

Springfield, MA or Boston, MA

The Opportunity

The Variable Annuity Pricing Actuary will be an integral part of the Annuity Pricing team and will use business and technical knowledge to expand and enhance MassMutual's position in the annuity marketplace.

The Team

The position is part of the Product department within MassMutual's Brand, Product, and Affiliated Distribution organization. The Annuity Pricing team is responsible for the pricing and profitability 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.

The Impact:

• Lead the pricing of new and existing annuity products with a focus on Variable Annuities.
• 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 Corporate Actuarial, Enterprise Risk Management, and other stakeholders.
• Provide technical guidance, mentoring and training to actuarial students on the Annuity team.

• Gain proficiency and be the subject matter expert in Prophet, the pricing actuarial software.
• Take ownership of pricing models and lead model development for new products.
• Drive continuous improvement and efficiencies beyond own scope of responsibility.

The Minimum Qualifications

• Associate of the Society of Actuaries
• 5+ years' experience with actuarial software and models
• Bachelor's degree in actuarial science, math, statistics, or related discipline

The Ideal Qualifications

• Fellow of the Society of Actuaries
• Annuity, ALM or investment experience
• Prophet modeling experience
• Ability to build, validate, enhance, and maintain asset share pricing models
• Strong oral and written communication skills
• 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
• Inquisitiveness, critical thinking, professional skepticism, and business sense

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Annuity Pricing team
• Focused one-on-one meetings with your manager
• Access to mentorship opportunities
• Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
• Access to learning content on Degreed and other informational platforms
• Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

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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.If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

Job Info:

• Company: MassMutual
• Position: Actuary - Annuity Pricing and Profitability
• Work Location: Springfield, MA
• Country: US

How to Submit an Application:

After reading and understanding the criteria and minimum qualification requirements explained in the job information Actuary - Annuity Pricing and Profitability at the office Springfield, MA above, immediately complete the job application files such as a job application letter, CV, photocopy of diploma, transcript, and other supplements as explained above. Submit via the Next Page link below.

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