Actuary

Life Valuation Modeling Team, Corporate Actuarial

Full-Time

Boston, MA or Springfield, MA or NY,NY

The Opportunity

At MassMutual, we’re dedicated to helping people secure their future and protect the ones they love. The Corporate Actuarial organization supports this mission with actuarial and business analytics, while providing our employees with meaningful career experience. To support the expanding role and influence of our valuation models, we are hiring an Actuary for the Life Valuation Modeling team.

The Team

The Valuation Modeling Team helps to protect the long-term interests of policyholders by ensuring MassMutual is positioned to meet its future obligations.  Responsible for over $100 billion in direct statutory reserves, the team performs statutory, GAAP/LDTI and tax valuation on Par Whole Life, Term, UL and VUL products.  Our work affects regulatory compliance, strategic decision-making and inforce management.  For those interested in modeling, interpreting, and communicating financial results in a collaborative team environment, this is an exciting role.

The Impact

Apply deep modeling expertise to all phases of input, processing, and output of valuation projections in AxisDeliver and explain Stat, Tax and GAAP financial results.Utilize modeling acumen to execute complex projects such as Cash Flow Testing, new product implementations, assumption change, and structural model updatesDevelop and improve existing control and versioning methodology in valuation models  Improve efficiency by leveraging communication skills with internal and external technology partnersApply knowledge of life insurance products and regulations to navigate complexity, ambiguity, and limitations in valuation softwareWork directly with various audit stakeholders to demonstrate compliance with regulatory and model governance standardsDemonstrate agility in responding to stakeholder questions and unexpected results, often at times of peak activity and tight deadlines

The Minimum Qualifications

Bachelor’s DegreeASA with 5+ years of actuarial experience2+ years of experience with Axis

The Ideal Qualifications

FSA4+ years of experience with Axis, including model leadership or stewardship rolesProficient with Axis features such as DataLink, investment cells, scenario files, and embedded block processingUnderstanding of modeling infrastructure such as ELink, GridLink, and output databasesExpertise with identifying multiple solutions to a problem, and developing collaborative solutions to software limitationsAbility to estimate resource requirements and set expectations with key stakeholders for highly visible projectsExperience with Principle-Based Reserves, valuation regulations, product design, modeling assumptions, and inforce policy dataProficient with model-supported software such as MS Excel and SQL.Strong math, analytical and collaboration skillsDemonstrated accountability and ownership of long-term independent projectsStrong communication skills, both written and verbalContinuous improvement mindsetAbility to build and maintain strong working relationships across cross-functional groups

What to Expect as Part of MassMutual and the Team

Regular meetings with the Life Valuation TeamFocused one-on-one meetings with your managerNetworking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource GroupsAccess to learning content on Degreed and other informational platformsYour ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

#LI-ST1

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. EEO Statement (Opens in new window)

MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.

Salary Range: $141,300.00-$185,400.00