MassMutual is seeking an accomplished Actuary to join the company’s Pension Risk Transfer team. In addition to supporting pricing, analysis, and underwriting of PRT opportunities, this role will assist with RFP responses, product development, and contract reviews. Effective collaboration and communication are needed to support relationships with external business partners and internal operations and corporate business functions.

The Team

The Pension Risk Transfer business represents a key component of the company’s Institutional Solutions business. This position will support continued growth in the Pension Risk Transfer business with an opportunity for you to apply your knowledge of pricing and longevity products to help achieve MassMutual’s strategy in this business.

The Impact:

Pricing of pension risk transfer opportunities
Underwriting and analyzing new risks
Preparation of proposals for new business
PRT Product development and modifications
Review of group annuity contracts and certificates
Collaborate with Pricing, Product, Legal, Investments, and Corporate on assumption development and approval, pricing processes, exceptions, and document drafting
Develop and maintain relationship with consultants and advisors
Actuarial projects in support of the Pension Risk Transfer business

The Minimum Qualifications

Bachelor’s degree or higher
Associate of Society of Actuaries (ASA)
4+ years of actuarial experience

The Ideal Qualifications

FSA, EA designation or Defined Benefit experience
Pricing and/or Product Development experience
Knowledgeable in aspects of pension plan design or pension risk transfer
Experience in actuarial modeling software (ProVal, Prophet, AXIS, other)
Demonstrated initiative and has a sense of urgency; takes ownership and is results-orientated in a fast-paced work environment
Ability to effectively time manage and deliver on concurrent projects
Disciplined approach to strategic initiatives, business projects and day-to-day activities
Ability to analyze and comprehend complex information, as well as convey technical material to non-technical audiences
Comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem
Detail oriented with strong analytical, critical thinking and problem solving skills
Excellent interpersonal and communication skills (written, verbal, presentation)
Demonstrated high potential to take on greater responsibilities within a relatively short timeframe

What to Expect as Part of MassMutual and the PRT Team

Regular meetings with the Pension Risk Transfer team
Focused one-on-one meetings with your manager
Access to mentorship opportunities
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

Salary Range: $131,100.00-$172,000.00 Apply

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

This job is no longer accepting applications

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Actuary - Pension Risk Transfer (PRT) Pricing

Actuary – Pension Risk Transfer (PRT) Pricing