MassMutual · 3 months ago
Director of Life Products Financial Reporting
SPRINGFIELD, MA
Full-time
Onsite
Mid, Senior Level
5+ years expMassMutual is seeking a Director of Life Products Financial Reporting to lead the actuarial valuation and financial reporting for life products. This role involves managing a team of actuarial professionals and ensuring the delivery of accurate financial information and analysis to stakeholders.
FinanceFinancial ServicesInsuranceLife InsuranceRetirement
Responsibilities
Exhibits passion, curiosity and pursue learning opportunities. Takes ownership of professional development of self and team
Drive collaborative solutions and results by seeking and valuing diverse backgrounds, experiences and perspectives, and driving execution
Maximize team effectiveness by driving a compelling vision & strategy, managing priorities effectively and adapting quickly to achieve goals
Earn confidence and trust by demonstrating ownership, commitment, and follow-through in achieving results
Give employees opportunities to learn and grow; and help them identify the right developmental actions to help them improve
Create an environment where the team is inspired, engaged and motivated to deliver quality work and continuously improve capabilities
Oversee monthly/quarterly analysis and reporting of US Stat and GAAP reserves, other actuarial items
Ensure effective application of valuation governance framework for monthly/quarterly responsibilities, including process efficiency, control effectiveness, new product implementation, , etc
Ensure accurate and timely delivery of annual actuarial exhibit filings, as well as ad-hoc regulatory inquiries on valuation matters
Lead quantitative analysts to continue the transformation of data management and valuation processes, perform data production work, as well as completing financial exhibits and industry/rating agency surveys
Drive thought process and implement reserve movement and attribution analytics, delivering business insights to management and stakeholders
Prepare and effectively communicate financial information to various customers (e.g. Corp Finance, ERM, Investment Management, Tax, Audit, etc.), demonstrating strong understanding of the drivers of the results
Understand and proactively manage valuation implications to pricing/repricing, reinsurance, and capital initiatives
Partner on new business initiatives and ensure appropriate implementation into valuation processes
Provide valuation requirements to internal and external technology partners
Contribute to review of Life valuation assumptions and actively participate in experience studies/assumption governance framework
Perform or lead others through analysis and implementation of valuation issues, providing financial impact analysis and recommendations for action
Perform or lead others to monitor/influence/implement relevant emerging valuation regulation, determine appropriate actions, inform and influence others, participating on industry committees as relevant
Work directly with various audit stakeholders to demonstrate compliance with regulatory and model governance standards
Lead team on development, analysis and enhancement of valuation data through partnering effectively with the Enterprise data team
Lead team on development, analysis and enhancement of valuation models through partnering effectively with the modeling team
Qualification
Required
Bachelor's Degree or higher
Fellow of the Society of Actuaries
5+ years' actuarial experience in valuation and reporting, and/or in life pricing, assumptions development, risk management
3+ years' exposure to valuation regulations and financial statements under US Statutory and GAAP reporting
Preferred
Member of the American Academy of Actuaries, and 'Compliant' with regards to SOA CPD Attestation Status
Experience in management of small teams
Continuous improvement mindset
Strong working knowledge of valuation techniques
Strong working knowledge of US insurance products and pricing
Strong communication skills, both written and verbal
Ability to build and maintain strong working relationships across cross-functional groups
We are seeking someone with strong technical and leadership skills with proven experience of overseeing valuation processes and communicating results
Experiences with leading teams through change management, driving continuous improvement and developing talents
Demonstrated ability to build and maintain strong working relationships across cross-functional groups and to proactively resolve issues
Strong knowledge of individual participating life products valuation techniques, regulations and methodologies, including Principles Based Reserves and GAAP LDTI
Experience with US Cash Flow Testing/similar actuarial projection exercises, and meets the qualification standards of actuaries issuing actuarial statement of opinions
Benefits
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, 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
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