Institutional Product Manager

Stable Value Investments

Full-Time

Boston, MA or Springfield, MA

The Opportunity

The Product Manager - Stable Value will be an integral part of the Institutional Product and Actuarial team within Institutional Solutions, utilizing relationship and negotiation skills combined with business and technical knowledge to influence strategy and execute risk-controlled profitable growth.

The Team

The Stable Value Product Team provides insights into the evaluation of new opportunities and the risk characteristics of our in-force business.  We are hiring a Product Manager to join the team and report to the Head of Stable Value Product, Pricing & Investment Analysis.

The Impact

The Institutional businesses are growing and represent a key component of the company’s business strategy.  As a Product Manager, you will focus on product management, development, pricing, underwriting and investment analysis.  This role will require combining technical investment/actuarial skills with influence, collaboration, and effective communication with internal business and operational teams, corporate and other MassMutual functions, as well as interaction with external clients and intermediaries.  Specific responsibilities include:

Supporting and leading projects related to product changes and new product offerings including pricing, contracts, filing, and risk assessmentReviewing stable value investment portfolios and General Account investment strategiesBuilding and maintaining pricing and risk analysis modelsDetermine new business and in-force crediting rates for stable value contractsAnalysis of risks and underwriting considerations and participating in contract negotiationsPerforming experience studies and setting assumptionsLiaison with Corporate teams on ALM and crediting rate strategiesPresenting complex analyses and concepts to executive managementSoliciting and analysis of competitive dataInfluencing and contributing to ongoing business strategy and growth

The Minimum Qualifications

A strong understanding of fixed income portfolio management and investment risk management. 5+ years of investment or actuarial experience.

The Ideal Qualifications

A certified ASA or FSA or CFA with experience in ALM, investment portfolio development, investment risk analytics is ideal, but not requiredKnowledgeable in aspects of stable value or Insurance Company General Account productsAbility to:Demonstrate leadership, influence and take ownership of key projectsDemonstrate initiative and a sense of urgencyEffectively manage and deliver on multiple concurrent deliverablesAnalyze and comprehend complex information, as well as convey complex materials to non-technical audiencesDisciplined approach to strategic initiatives, business projects and day-to-day activitiesComfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problemDetail oriented with strong analytical, critical thinking and problem-solving skillsExcellent interpersonal and communication skills (written, verbal, presentation)

What to Expect as Part of MassMutual and the Team

Regular meetings with the Stable Value Product teamFocused one-on-one meetings with your managerAccess to mentorship opportunitiesNetworking 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 benefit

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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: $97,600.00-$128,100.00