MassMutual Financial Group Lead Actuary - Worksite & Institutional Insurance Pricing in Enfield, Connecticut

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.




Reports to: Head of Worksite & Institutional Insurance & Pricing

Other Relationships: Pricing & Profitability, Workplace Sales, Workplace Operations, Corporate Actuarial, Enterprise Risk Management, Finance, Legal, Marketing


Actuarial functions that enable establishment, ongoing refinement and execution of the Worksite Business Strategy, including:

  • Innovation: Key member of the Innovation & Pricing team with multiple sign-off responsibilities in the innovation, development, implementation and ongoing management of Worksite products.

  • Underwriting: Partner with the Worksite Underwriting team to develop product and underwriting policy and strategy. Assist in the management and oversight of any underwriting, reinsurance or other critical administrative arrangements that support the product line. Provide recommendations regarding possible enhancements.

  • Pricing: Partner with Pricing & Profitability teams in multiple aspects of product pricing, including product design, development of pricing model(s), competitive comparisons, obtaining approval of proposed rates from Corporate Actuarial, actuarial memoranda for state filing, coordination with third party administrator (if applicable), and sign-off of rate accuracy across all systems. Responsible for driving new business and inforce pricing recommendation based on current and anticipated experience, investment environment, competitive positioning strategy and profit/returns objectives.

  • Experience/Profit Management: Responsible for developing or coordinating appropriate experience assumptions for Worksite products. Provide leadership in the design and implementation of management tools to monitor morbidity and other in-force profitability metrics. Perform and/or coordinate periodic profitability/experience studies. Monitor results and provide recommendations regarding the management, reserving and re-pricing of inforce business, and possible changes to new business pricing and practices.

  • Asset/Liability Management: In partnership with valuation and investment areas, assist in development of investment policy and hedging strategy for Worksite products and ensure appropriate asset/liability management structures are in place.

  • Risk Management: Actively manage the risk profile of new and inforce business. Partner with Corporate Actuarial, Enterprise Risk Management and other areas to establish appropriate risk tolerances, monitor results, and recommend risk mitigation actions.

  • Serve as a Worksite “SME”, both in the HO and with our distribution partners – particularly with respect to product design and implementation, product training, case design, underwriting and claims guidelines and processes.


  • FSA, MAAA designation.

  • 5-10 years of applicable experience.

  • Strong knowledge of worksite market and products. Knowledge of critical illness is preferred.

  • Demonstrated interpersonal, communication, collaboration and leadership skills to interface with both internal and external constituents. Ability to build relationships and effectively use influencing and negotiating skills.

  • Strong modeling skills – knowledge of AXIS platform preferred

  • Strong quantitative orientation, analytical skills, a high level of intellectual curiosity, tolerance for ambiguity and seasoned judgment.

  • Comfortable providing leadership in a matrix environment.

  • Ability to navigate and effect change and resolve conflict.

  • Must be comfortable dealing with both complexity and ambiguity and be able to explore multiple solutions to a problem.

  • Must be able to present/defend solutions/positions based on an analysis of facts.


Business Acumen

Demonstrates knowledge of Worksite products, design, and experience drivers, including interdependencies of key business processes, functions and risks. Is able to identify and use key financial indicators as necessary to measure business performance. Knows the competition; is aware of how strategies and tactics work in the marketplace. Identifies and anticipates customer requirements, expectations, and needs.

Critical Thinking



Critically and logically evaluates the costs, risks, and benefits of alternatives before coming to a solution. Probes and looks past symptoms to determine the underlying causes of problems and issues. Approaches problems holistically; defines connections, linkages, interdependencies and develops solutions. Takes ownership of problems and stays on top of them until resolved.

Makes quick decisions in high stakes situations, crises, or conditions of uncertainty. Critically and logically evaluates the consequences and implications of alternatives, actions, or decisions.

Engage and Inspire

Encourages others to set challenging goals and high standards of performance. Fosters a sense of energy, ownership, and personal commitment to the work. Creates an environment in which performance excellence is rewarded.

Change Leadership

Advocates for needed change across the organization that add to our success. Ensures the implementation of change with appropriate communications, goals, resources, metrics and reviews. Takes ownership and personal responsibility for implementing change despite opposition or barriers.


Focus on the Customer . Know your customers well; add value with a sense of urgency.

Act with Integrity : Be trustworthy, adhere to high ethical standards, adhere to the letter and spirit of applicable laws, rules, regulations and company policies.

Value People . Lead people to success; appreciate diverse backgrounds, ideas and experiences.

Work Collaboratively . Partner with others to achieve results that leverage the right resources.

Achieve Results . Focus on winning; consistently exceeds expectations, beat the competition.


We pay competitive base salaries and we reward performance. Our salary structure is commensurate with experience. In addition, you will be eligible to participate in our comprehensive benefits program including medical insurance and 401(K).

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.


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.

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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 (2018)

• Disability Equality Index® (DEI) Best Place to Work for Disability inclusion (2018)

• Working Mother Media 100 Best Company (2017)

• Military Friendly Employer (2018)