Head of Fixed & Income Annuity Pricing

Full-Time

Boston, MA, Springfield, MA or New York, NY

The Opportunity

As the Head of Fixed and Income Annuity Pricing you will manage a $15B annuity business for a top 5 carrier in the retail annuity market. You will work in a collaborative environment partnering with a diverse group of stakeholders representing both the sales and risk management sides of the business. This is a highly visible and strategic role with pricing responsibility for our fixed and income annuities.

The Team

The annuity pricing team is a motivated group focused on maintaining our position as a market leader in the annuity space. In this role you will interact mainly with the Annuity product team, distribution (Career Agency and third party), and corporate oversight teams to help us balance competitiveness and profitability.

The Impact:

Lead a team of 4 with responsibility for the pricing of new and existing fixed and income productsOversee rate setting and rate implementation process for spot priced products balancing competitive positioning and profitability in accordance with our desired position in the marketPartner with Investment Management and the ALM team to ensure business is appropriately hedgedGo beyond technical analysis to orchestrate innovative and creative solutions that reflect current market trends while meeting our business objectivesTake ownership in setting pricing assumptions and performing pricing analysisLead pricing review and approval process with both Corporate Actuarial and ProductInfluence and provide key contributions to ongoing business strategy and growth

The Minimum Qualifications

Bachelor’s degree in actuarial science, math, statistics, or related disciplineFellow of the Society of ActuariesExperience with actuarial software such as Prophet, AXIS, or Alpha8 to 10+ years experience in actuarial roles3+ years of experience with pricing OR fixed & income productsDeep understanding of the retail annuity marketplace and competitive landscapeExperience leading, developing, and coaching a diverse teamAbility to manage multiple concurrent deadlines and discern the appropriate level of precision for urgent tasksAbility to influence others and drive engagementStrong written and verbal communication including presenting results to senior management in Distribution, Product, and Corporate OversightAbility to partner effectively with distribution leadership

The Ideal Qualifications

ALM or annuity pricing, valuation, and/or modeling experience is preferredExperience in Prophet3+ years of experience with pricing AND fixed & income productsDemonstrated success dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problemAbility to analyze and comprehend complex information, as well as convey complex materials to non-technical audiencesDemonstrated approach to execute strategic initiatives, business projects and day-to-day activities simultaneously.

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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. 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: $180,700.00-$237,100.00