Actuary Stable Value

Actuary

Stable Value

Full-Time

Boston, MA or Springfield, MA

The Opportunity

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 risk analysis. This role will require combining technical investment/actuarial/product 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.

The Team

The Stable Value Product Team provides insights into the evaluation of new opportunities and the risk characteristics of our in-force business.

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 risk analysis. This role will require combining technical investment/actuarial/product 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:

Own the review of and decision making related to plan underwriting information for new sales opportunities

Evaluate and implement existing client stable value contract modification requests, in partnership with legal team as approved

Lead and contribute to projects related to product changes and new product offerings including pricing, contracts, filing, and risk assessment

Reviewing stable value investment portfolios

Building and maintaining pricing and risk analysis models

Determine new business and in-force crediting rates for stable value contracts

Analysis of risks and underwriting considerations and participating in contract negotiations

Performing experience studies and setting assumptions

Presenting complex analyses and concepts to executive management

Soliciting and analysis of competitive data

Influencing and contributing to ongoing business strategy and growth

The Minimum Qualifications

A certified ASA or FSA

8+ years of related experience in the financial services industry

4+ years of stable value experience

1+ year of synthetic GIC product, contract and risk experience

The Ideal Qualifications

CFA with experience in ALM, investment portfolio development, investment risk analytics is desired, but not required

Knowledgeable in aspects of stable value or Insurance Company General Account products

Ability to:

Make clear and consistent decisions

Demonstrate leadership, influence and take ownership of key projects

Demonstrate initiative and a sense of urgency

Effectively manage and deliver on multiple concurrent deliverables

Analyze and comprehend complex information, as well as convey complex materials to non-technical audiences

Disciplined approach to strategic initiatives, business projects and day-to-day activities

Comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem

Detail oriented with strong analytical, critical thinking and problem-solving skills

Excellent interpersonal and communication skills (written, verbal, presentation)

What to Expect as Part of MassMutual and the Team

Regular meetings with the Stable Value Product team

Focused one-on-one meetings with your manager

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 benefit

#LI-ST1MassMutual is an equal employment opportunity employer. We welcome all persons to apply.

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

Full Time