As a Modeling Actuary Director on the Annuity Valuation team you will be responsible for supporting the modeling, analysis and reporting for group and individual, deferred and payout, fixed and deferred annuities. In addition, the role will work with pricing and hedging teams to evaluate the impact of changes to current processes. You will be a key resource in maintaining our production process, updating assumptions, and communicating results to various teams throughout the organization.

The Team

The Annuity Valuation Team is focused on the valuation and actuarial reporting for all of MassMutual’s annuity products. Our team members help drive delivery of accurate financial information and analysis, in actionable and forward-thinking ways. We are a small team, so agility is important. We orchestrate innovative and creative solutions that go beyond technical analysis to offer timely and valued advice with key business insights to help the company better understand and manage the annuity business. If you are someone that has a passion for continuous improvement, innovative practices, and a curiosity to pursue learning opportunities, this may the right role for you.

The Impact

Our ideal candidate has demonstrated both the ability to lead and manage people as well as possess strong technical knowledge. You will use your skills to help ensure MassMutual’s financial strength. You will participate in the management and development of team members, help implement emerging regulation and variety of other modeling usage such as Cash Flow Testing, GAAP reserving and VM-21 into our financial models. You will ensure the efficient of data structure and provide industry insight and best practices.

Specific expectations from this role:

Lead the building/enhancement/maintenance of actuarial infrastructure (data/models) either by leading model development and/or working with Systems/Data & Analytics on data issues, and bringing in new products, new regulations and other improvements
Execute complex and strategic projects, utilizing business acumen to manage potential issues and conflicts
Influence and engage actuaries and non-actuaries at all levels and effectively communicate technical and non-technical information
Manages complexity and ambiguity, resourcefully identifying a number of solutions to problems and anticipates and addresses long-term implications of company decisions
Assist as needed on monthly production / reporting / analysis / explanation of reserves (direct, assumed and ceded)/DAC
Assist as needed on annual reserve adequacy testing – production / reporting / analysis / communication of results
Continually improve model processes and streamline work processes so we can spend more time analyzing results
Use the valuation governance framework, including assumption-setting, model development and management and data governance to implement new products and produce accurate, informative results

The Minimum Qualifications

Bachelor’s Degree or higher
Fellow or Associate of the Society of Actuaries
6+ years’ actuarial experience, including working knowledge of valuation techniques
5+ years' experience in data and model management

The Ideal Qualifications

8 + years’ actuarial experience, including working knowledge of valuation techniques
Strong modeling and technical skills, but also a healthy intellectual curiosity and willingness to think outside the box
Demonstrated accountability and ownership of long-term independent projects
Continuous improvement and strong controls mindset
Strong understanding of regulation/accounting/capital frameworks (Stat/GAAP/Tax, RBC, Cash Flow Testing)
Working knowledge of US annuity products
Knowledge of annuity products, risk management techniques, regulations and methodologies
Strong experience with Prophet modeling platform
Experience with VBA and CASE modeling platforms
Ability to build and maintain strong working relationships across cross-functional groups and to proactively resolve issues
Strong execution and time management skills with the ability to lead and thrive in fast changing and challenging environments
Deal effectively with ambiguous and unstructured problems
Strong communication skills, both written and verbal

What to Expect as Part of MassMutual and the Team

Regular meetings with the Annuity Valuation 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 nosiness with industry leading pay and benefits

#LI-CM1

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.

Salary Range: $144,800.00-$190,000.00 Apply

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