Actuary - Health Valuation

Actuary Opportunity at MassMutual

At MassMutual, we're helping millions of people secure their financial future. To support our growing impact, we're looking to hire an Actuary to join our Health Valuation team. In this role, you will lead complex valuation work, shape actuarial methodology for Long-Term Care and Supplemental Health products, and influence key financial and business decisions through deep technical expertise, sound judgment, and strong cross-functional partnership.

The Health Valuation team protects the long-term interests of policyholders by ensuring MassMutual can meet its future obligations. The team is responsible for more than $7 billion in direct statutory reserves and oversees statutory, GAAP, and tax valuation and reporting for Disability Income, Long-Term Care, and Supplemental Health products across retail and worksite channels. As a member of this team, you will take on highly visible work with broad impact across financial reporting, regulatory compliance, inforce management, and business strategy.

The Impact As an Actuary, you will serve as a technical leader for valuation methodology, modeling, and financial analysis across Long-Term Care Combo and Supplemental Health products. You will lead complex work independently, strengthen valuation frameworks and controls, and partner across actuarial, finance, risk, and product teams to deliver insights that support accurate reporting, sound governance, and strategic decision-making.

• Lead the design, enhancement, and governance of valuation methodologies for Long-Term Care Combo and Supplemental Health products across statutory, GAAP, and tax frameworks.
• Own complex actuarial models and analyses, including model development, validation, documentation, and ongoing enhancements that improve scalability, controls, and accuracy.
• Interpret and communicate financial results, emerging experience, and methodology impacts to actuarial and non-actuarial stakeholders in a clear, actionable way.
• Partner with pricing, finance, risk, and product teams to support assumption governance, new product development, and strategic business decisions.
• Drive continuous improvement by modernizing processes, strengthening controls, and identifying opportunities to improve efficiency and insight generation.
• Serve as a subject matter expert and trusted partner on highly visible projects, regulatory change, and key valuation initiatives.

Minimum Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field
• ASA designation
• 5+ years of actuarial experience in valuation, financial reporting, or related actuarial functions.
• 3+ years of experience working in actuarial modeling software (e.g., AXIS) and data tools (SQL, Python preferred)
• 3+ years of experience with product specifications, valuation regulations, modeling assumptions, inforce policy data

The Ideal Qualifications

• FSA designation
• Executive presence and strong communication skills, with the ability to influence technical and non-technical stakeholders.
• Experience with Long-Term Care Combo, Supplemental Health, or other complex health products.
• Expertise in model governance, data management, and controls in a production valuation environment.
• A track record of modernizing processes and strengthening actuarial infrastructure.
• Ability to build trusted partnerships across actuarial, finance, risk, and product teams.
• Experience interpreting and explaining financial results for highly visible valuation or cash flow testing work.
• Demonstrated accountability and ownership of long-term independent projects
• Ability to translate complex actuarial concepts into actionable insights for stakeholders

What You Can Expect at MassMutual MassMutual offers the opportunity to do meaningful work within a purpose-driven organization that values long-term impact over short-term outcomes. In this role, you can expect:

• Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes
• A collaborative environment where perspectives are welcomed
• Access to learning, development, and internal networks that support continuous growth and skill-building over time
• Employee-led communities and forums that foster connection, learning, and inclusion across the organization
• A culture grounded in integrity, responsibility, and stewardship—supported by a company with a strong legacy and a future-focused mindset

Salary Range: $144,800-$190,000

At 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.