Finance Actuary

MassMutual Actuary Opportunity

At 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.

Utilize modeling acumen to execute complex projects such as Cash Flow Testing, new product implementations, assumption change, and structural model updates

Deliver and explain Stat, Tax and GAAP financial results.

Apply knowledge of life insurance products and regulations to navigate complexity, ambiguity, and limitations in valuation software

Work directly with various audit stakeholders to demonstrate compliance with regulatory and model governance standards

Bachelor's degree in actuarial science, mathematics, statistics, data science, computer science, engineering, or a related quantitative or technical field.

• 4+ years of actuarial experience within insurance, financial services, or a related quantitative field.
• Demonstrated accountability and ownership of long-term independent projects
• Proficient with Axis features such as DataLink, investment cells, scenario files, and embedded block processing
• Understanding of modeling infrastructure such as ELink, GridLink, and output databases
• Expertise with identifying multiple solutions to a problem, and developing collaborative solutions to software limitations
• Ability to estimate resource requirements and set expectations with key stakeholders for highly visible projects
• Experience with Principle-Based Reserves, valuation regulations, product design, modeling assumptions, and inforce policy data
• Proficient with model-supported software such as MS Excel and SQL.
• Continuous improvement mindset
• 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 benefits

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.

During our history, we've learned a few things about making sure our customers are our top priority. 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. Massachusetts Mutual Life Insurance