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MassMutual · 1 day ago

Actuarial Product Oversight Consultant

Springfield, MA

Full-time

Onsite

Senior Level

5+ years exp

MassMutual is seeking an enthusiastic, well-rounded and motivated actuary to join the Product Pricing & Assumptions Oversight team within the broader Corporate Actuarial. The role involves contributing to the pricing and assumptions oversight of all of MassMutual’s insurance products and partnering with various pricing teams.

FinanceFinancial ServicesInsuranceLife InsuranceRetirement

H1B Sponsor Likely

Responsibilities

Leverage solid technical expertise to provide value-added support and guidance to all actuarial aspects of new product development and inforce product re-pricings (assumptions, pricing methodologies and profitability)

Support the analysis and maintenance of major elements of Actuarial Pricing Review including metric setting, target/hurdle rates, mix of business and capital allocation

Monitor and analyze sales, emerging experience, profitability and risk exposures of the company’s new and inforce products including responsibility for analysis and reporting of value of new business metrics used for management decision making

Enforce corporate guidelines and governance processes with respect to product pricing and re-pricings, and assumptions oversight

Stay abreast of emerging regulations as they impact applicable aspects of products being priced and related actuarial work

Participate on select Corporate projects and initiatives

Have a solid demonstration of clear verbal and written communication, strong collaboration and partnership with business partners, and agility in balancing multiple work efforts

Qualification

ASAFSA designationActuarial ScienceRisk managementAnalytical skillsCommunication skillsProblem-solving skillsTime managementCollaboration skills

Required

ASA or FSA designation

Bachelor's Degree or higher in Actuarial Science, Accounting, Business, Economics, Finance or Mathematics

5+ years of life and annuity experience, preferably in the U.S. market, in areas such as pricing, valuation, reinsurance and/or capital management

Preferred

Solid knowledge of actuarial and risk management concepts and practices; experience with quantifying, analyzing and managing a range of product risks

Self-motivated and independent with solid analytical, critical thinking, and problem-solving skills; comfortable dealing with both complexity and ambiguity with some guidance, and able to explore multiple solutions to problems and challenges

Effective time management, planning and organization skills

Strong interpersonal, communication and influencing skills: ability to convey complex issues, explain methodologies and influence resolutions in writing and orally

Ability to rapidly respond to changes in direction, tight deadlines and high-pressure situations

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)