MassMutual is seeking an accomplished Leader and Actuary to join the company’s Institutional Actuarial team within MassMutual Institutional Solutions. The Institutional Businesses are undergoing growth and represent a key component of the company’s business strategy. In this manager role, the incumbent will utilize their leadership, influence, business and technical knowledge to influence strategy and execute on driving risk controlled profitable growth. The primary responsibilities will be to support the Stable Value Products for both the Institutional Investment and Workplace product lines. Key areas of focus include Product Development, Pricing, In-force Product Management, Underwriting, and Financial & Risk Management. This role will require influence, collaboration, and effective communication with internal business lines, corporate and other MassMutual functions, as well as involve interaction with external clients, intermediaries and partners.
Specific responsibilities include:
- Management of the Stable Value Product Actuarial team
- Oversee the Stable Value Pricing & Product Development Process internally including soliciting demand, prioritizing work across channels, execution and delivery to the business
- Support the Heads of Institutional Investment and Workplace business lines
- Develop new products and modifications of existing products including pricing, contracts, filing, risk assessment, and approvals from our corporate risk function working in close partnership with the business lines.
- Maintenance of the Stable Value products including setting crediting rates, market value calculations, annuity rate calculations, and other product supportUnderwriting and participating in contract negotiationsFinancial & Risk analyses including Capital usage, scenario modeling, investment strategies, risk limits, profit metrics, and actual to expected analyses
- Key Liaison with corporate risk & finance functions
- Solicit & analyze competitive data
- Assumptions & experience studies
- Influence and contribute to ongoing business strategy and growth
- Other Stable Value and actuarial projects in support of the Institutional and Workplace businesses
QUALIFICATIONS
- An accomplished FSA with experience in pricing, product development or investments
- 10+ years experience in an Actuarial role; industry wrap risk management, stable value, or related experienceDemonstrates leadership and influence
- Demonstrates initiative and sense of urgency; takes ownership and is results-orientated
- Ability to effectively manage and deliver on multiple concurrent deliverablesDisciplined approach to strategic initiatives, business projects and day-to-day activities
- Ability to analyze and comprehend complex information, as well as convey complex materials to non-technical audiences
- 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)
- Advanced business degree and/or professional qualifications
PREFERRED QUALIFICATIONS
Knowledgeable in aspects of stable value products and stable value wrap business strongly preferred
