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MassMutual · 1 day ago

Expense Actuary

Boston, MA

Full-time

Onsite

Senior Level

5+ years exp

MassMutual is seeking an Expense Actuary to join their Product & Distribution Expense Strategy team within Corporate Actuarial. The role involves providing analytical insights to improve business performance and collaborating with various teams to analyze expense strategies across multiple product lines.

FinanceFinancial ServicesInsuranceLife InsuranceRetirement

H1B Sponsored

Responsibilities

Provide subject matter expertise to internal stakeholders, including pricing teams, finance teams, etc., for specific lines of business/functions

Work assigned line of businesses/functions to analyze expense strategies for that line of business and associated impacts on the enterprise

Perform Pricing versus Actual/Forecasted expense analysis

Support development of new expense models and processes, identify and implement continuous improvement opportunities, and regularly adapt current technology applications, procedures, techniques and tools to meet business needs

Partner with Product to provide expense analysis, financial drivers, and a marketplace perspective on product ideation to support MassMutual’s competitive positioning

Embrace a growth mindset and collaborating with other teams on improving understanding and education on the reasons behind the expenses and other enterprise trends

Support substantive strategic problem-solving efforts – thought leadership (e.g., defining key questions and problem-solving hypothesis), stakeholder engagement (e.g., leading stakeholder interactions and providing constructive challenge), and team leadership (e.g., leading the research/analysis with cross functional teams)

Generate impact as a trusted advisor by maintaining the ability to see the big picture in inherently complex and dynamic situations and demonstrating a strong sense for value in both prioritizing and solving problems

Role model behaviors (e.g., high energy, self-driven, strong interpersonal skills, intellectual curiosity, highest level of professionalism, inclusive behaviors, orientation towards client and team instead of self)

Qualification

Actuarial ScienceData AnalysisFinancial ServicesExcelSQLAlteryxProblem SolvingInterpersonal SkillsStrategic ThinkingSelf-Motivated

Required

Bachelor's Degree in Mathematics, Actuarial Science, Finance or Computer/Data Science or related field

5+ years of actuarial experience working in insurance, risk or financial services

Associate of the Society of Actuaries

Authorized to work in the US with or without sponsorship now or in the future

Preferred

New or Near Fellow of the Society of Actuaries

Member, American Academy of Actuaries a plus

Experience with insurance products, insurance accounting and finance, and product profitability

Experience processing, manipulating, validating, and analyzing large amounts of data by utilizing the latest technology (i.e. Excel, SQL, Alteryx, etc.) and leveraging generative AI tools to enhance workflows, analysis and efficiency

Ability to quickly break down problems in a structured manner and prioritize analysis

Ability to analyze complex data and draw out insights and implications

Ability to create simple, powerful, and data-driven communications

Strategic thinker who can work independently and distill findings into key conclusions and recommendations

Self-motivated and driven self-starter

Ability to work collaboratively and partner with others, and effectively communicate complex analysis and related insights to technical and nontechnical audiences

Benefits

Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, 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

Company

MassMutual

Glassdoor3.9

MassMutual is a mutual life insurance company that provides investment management and trust services.

Founded in 1851

Springfield, Massachusetts, USA

5001-10000 employees

https://www.massmutual.com/

H1B Sponsorship

MassMutual has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (96)

2024 (94)

2023 (66)

2022 (115)

2021 (121)

2020 (73)