MassMutual · 2 months ago
Actuary - Reinsurance
HARTFORD, CT
Full-time
Onsite
Senior Level
5+ years expMassMutual is seeking a well-rounded, motivated financial professional to join the Reinsurance Development team within the broader Corporate Actuarial team. This role involves managing reinsurance relationships and developing analytics to assess reinsurance performance and inform strategic decisions.
FinanceFinancial ServicesInsuranceLife InsuranceRetirement
Responsibilities
Provide technical expertise as the modeling lead for the team to produce output for regular reporting and ad-hoc analysis
Help manage the use and direction of reinsurance across all lines of business for both inforce and new business balancing historical and expected go-forward profitability, risk appetite and existing exposures, contractual reinsurance obligations/requirements
In this role, the individual will lead work to develop an analytics framework on inforce reinsurance arrangements to assess performance and develop a better understanding of cash flows and economics with each reinsurer that will be regularly presented to management and used to help inform strategy decisions on the inforce reinsurance arrangements
In this capacity, the individual will collaborate with members of the team and coordinate with reinsurance administration, valuation and product pricing teams
Closely collaborate with Product, Pricing, and Assumption Oversight and Valuation teams to ensure adequacy and appropriateness of assumptions and strategies recommended as part of the reinsurance exercise
Reinsurance Administration team to ensure reinsurance solutions can be practically implemented, and provide guidance or to ensure administration is in compliance with the terms of the agreements
Enterprise Risk Management to evaluate and monitor counterparty risk exposure against established thresholds
The Reinsurance Development team to complete quarterly reporting and analytics for management to support discussions around reinsurance performance while overseeing routine reporting done by the ALDP member
Develop relationships with external reinsurance counterparts, and manage the standard request for proposals and implementation of coverages, such as yearly renewable term pools, while collaborating with Product to analyze the reinsurance proposals and providing recommendations to the Head of Product and Chief Actuary
Regularly attend strategy meetings with senior leadership, the Chief Actuary, other departments, and external reinsurance counterparts with opportunities to present and participate in discussions to ensure the use of reinsurance and expertise from the reinsurers is optimally utilized across the organization
Attend one reinsurance conference per year to discuss strategy and priorities with external reinsurance counterparts
Strategic thinking, clear communication, leadership running initiatives and solid partnership with the business and other departments
Qualification
Required
Bachelor's Degree
Associate of the Society of Actuaries (ASA)
An individual with demonstrated professional financial experience with 5+ years of life or health or annuity insurance experience
Preferred
Fellow of Society of Actuaries (FSA) or equivalent professional credential from a recognized professional actuarial association is a plus but neither is not a requirement
5+ years of experience, preferably in the U.S. insurance market
Experience in reinsurance across life, health or annuity product lines and capital management
2+ years of experience with Moody's AXIS
Self-motivated and independent with strong analytical, strategic & critical thinking, and problem-solving skills; comfortable dealing with both complexity and ambiguity, and able to explore multiple solutions to problems and challenges
Effective time management, planning and organization skills
Strong interpersonal and communication 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, LGBTQ, Veteran and disability-focused Business Resource Groups
Access to learning and development content on Degreed and other informational platforms
Your ethics and integrity will be valued by a company with a strong and stable ethical business practices with industry leading pay and benefits
Company
MassMutual
MassMutual is a mutual life insurance company that provides investment management and trust services.
5001-10000 employees
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)
Funding
Current Stage
Late StageLeadership Team
Eddie Ahmed
Chairman, President & CEO
Roger W. Crandall
Chairman, President & CEO
Recent News
2026-01-18
2025-12-25
Company data provided by crunchbase