Actuary - Annuity Pricing and Profitability Job at MassMutual, Boston, MA

L3FuVm5yalhtSkZmZjBpWGlGclJXZld3anc9PQ==
  • MassMutual
  • Boston, MA

Job Description

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

#LI-BO1

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 Tags

Full time,

Similar Jobs

Consortium of Universities of the Washington Metropolitan Ar...

Assistant Professor of Industrial & Organizational Psychology Job at Consortium of Universities of the Washington Metropolitan Ar...

The Division of Behavioral and Organizational Sciences (DBOS) at Claremont Graduate University (CGU) invites applications for a full-time, tenure-track Assistant Professor in Industrial & Organizational Psychology .We are seeking a scholar dedicated to advancing graduate... 

Labcorp

HVACR Technician Job at Labcorp

 ...medical laboratory Work with various MEP systems including VRF systems, air handlers, cooling towers, chillers, lower pressure boilers, humidifiers, VAV systems, air compressors, pumps, motors, exhaust fans, and refrigeration devices Monitoring the Building Management... 

C.R. England

CDL-A Truck Driver - Home Daily - Average $80,000/Year - 3 Months Exp. Job at C.R. England

 ...Target fleet is looking for experienced CDL-A drivers to join our team! On this fleet, drivers will make deliveries from the distribution center to the Portland Yard or a store for Target locally. This is an excellent position for those looking for great pay and home time... 

Staffmark Group

Warehouse Order Selector Job at Staffmark Group

 ...your career to the next level? Staffmark is seeking motivated Warehouse Order Selector in Olive Branch, MS! This is your chance to step...  ...check, sort, and assemble orders for shipment, including wrapping, packing, and confirming shipments. Operate material handling... 

Pacific Life

Senior Actuary (FSA) - Capital Management Job at Pacific Life

 ...Description Job Description: Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead ...  ...meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, weve got you covered. ...