MassMutual Financial Group Actuary - Pension Risk Transfer in Boston, Massachusetts

Since 1851, MassMutual’s commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We at MassMutual value diversity and inclusion. We’re people helping people.

A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are the foundation of what makes MassMutual a strong, stable and ethical business. We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.

Together, we’re stronger.

Description

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POSITION SUMMARY

MassMutual is seeking an accomplished Actuary to join the company’s Pension Buyout (PBO) team. The Pension Buyout business represents a key component of the company’s Institutional Solutions business. This position will support continued growth in the Pension Risk Transfer business with an opportunity for someone to apply their knowledge of pricing and longevity products within the PBO team to help achieve MassMutual’s strategy in this business. This role will support pricing, analysis and underwriting of possible cases, proposals/RFP’s, product development & contract reviews. Effective collaboration and communication is needed to also support maintaining relationships with our intermediaries and working with internal operations and corporate functions.

RESPONSIBILITIES

  • Pricing of Pension Buy-out opportunities

  • Underwriting and Development of proposals of new business

  • Risks analyses and product development & modifications including contract and certificate reviews of group annuity products

  • Work with Pricing, Product, and Corporate teams on approvals, assumptions, pricing processes, and exceptions

  • Modifying pricing models and sensitivity testing

  • Solicit & analyze competitive data

  • Develop and maintain relationship with consultants and advisors

  • Actuarial projects in support of the Pension Buyout business

QUALIFICATIONS:

  • An accomplished FSA, ASA, or EA with experience in pricing

  • Bachelors’ Degree required

  • 6+ years’ experience in an Actuarial role

  • Demonstrates initiative and sense of urgency; takes ownership and is results-orientated

  • Ability to effectively manage and deliver on multiple concurrent deliverables

  • Disciplined 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

  • Demonstrated high potential to take on greater responsibilities within a relatively short timeframe

PREFERRED QUALIFICATIONS:

  • Knowledgeable in aspects of pension/retirement or pension risk-transfer a plus

Ranked No. 77 in the annual FORTUNE ® 500 Ranking (FORTUNE ® Magazine, June 2017) and recognized as a World’s Most Ethical Company by Ethisphere, MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

CORE VALUES

Focus on the Customer: We understand our customers well and look for every opportunity to deliver an experience that is clear, easy, personal, human, empowering and trustworthy.

Act with Integrity: We deliver on our promises by being open, honest and humble and by adhering to the letter and spirit of applicable laws, rules, regulations and company policies.

Value People: We respect and learn from each other’s diverse backgrounds, experiences and ideas. We engage and develop people to their greatest potential.

Work Collaboratively: We work together to achieve results by actively listening, seeking, understanding and creating solutions as a unified team driving toward one company, one culture, one brand.

Achieve Results: We focus on winning by exceeding expectations and getting better – everyone, every day.

For more information, visit www.massmutual.com or find us on Facebook, Twitter, LinkedIn, YouTube, Google+, Instagram and Pinterest.

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.

At MassMutual, we’re fostering an inclusive and dynamic environment where our employees are valued for who they are and can build successful careers. For us, diversity and inclusion is more than a goal, it’s the only way forward.

• 100% rating on the Human Rights Campaign Corporate Equality Index (2018)

• National Association for Female Executives Top Company for Executive Women (2017)

• DiversityInc Noteworthy Company (2017)

• Disability Equality Index® (DEI) Best Place to Work for Disability inclusion (2017)

• Working Mother Media 100 Best Company (2017)

• Military Friendly Employer (2018)