AXIS Modeling Actuary

MassMutual Actuary OpportunityLocation: New York, NY, Springfield, MA or Boston, MAAt 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 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 AxisUtilize modeling acumen to execute complex projects such as Cash Flow Testing, new product implementations, assumption change, and structural model updatesDeliver and explain Stat, Tax and GAAP financial results.Develop and improve existing control and versioning methodology in valuation modelsImprove 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 deadlinesThe Minimum QualificationsBachelor's degree in actuarial science, mathematics, statistics, data science, computer science, engineering, or a related quantitative or technical field.ASA designation4+ years of actuarial experience within insurance, financial services, or a related quantitative field.1+ years of experience with AxisThe Ideal QualificationsFSA designation4+ years of experience with Axis, including model leadership or stewardship rolesDemonstrated accountability and ownership of long-term independent projectsProficient 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 skillsStrong communication skills, both written and verbalContinuous improvement mindsetAbility to build and maintain strong working relationships across cross-functional groupsWhat to Expect as Part of MassMutual and the TeamRegular meetings with the Life Valuation 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 benefitsSalary Range: $144,800-$190,000At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.MassMutual is an equal employment opportunity employer. We welcome all persons to apply. Massachusetts Mutual Life Insurance Company