Actuary - Longevity Reinsurance Product and Pricing

Actuary - Longevity Reinsurance Product and Pricing

Longevity Reinsurance Team

Full time

Springfield, MA or Boston, M A

The Opportunity

As an Actuary on the Longevity Reinsurance team, you'll have an opportunity to contribute to our Institutional businesses. The Institutional businesses are undergoing growth and represent a key component of the company's business strategy. In this role, the candidate will utilize their technical knowledge, business acumen, leadership and relationship management skills to support risk-controlled growth of the longevity reinsurance business.

The Team

As a member of the Longevity Reinsurance Product and Pricing team, you'll be part of a very collaborative group of actuaries that team together to get the job done. Members of the team have the opportunity to partner across the enterprise to facilitate risk-controlled growth.

The Impact

• Ownership of the actuarial workstream for product and market development efforts:

• Economic evaluation of new products, deal structures, and markets

• Evaluation of key risks and development of appropriate pricing methodologies

• Collaboration with key business partners to support risk-controlled growth of the business, including Product and Assumption Oversight, Enterprise Risk Management, Legal, Reinsurance, Accounting, Treasury, and other partners

• Pricing model ownership - including development, maintenance, and pricing methodology across multiple product lines

• Assumption development, socialization and maintenance

• Transaction support - underwriting, pricing, profitability analysis, project management, and socialization efforts

• Solicit & analyze competitive data

• Influence and contribute to ongoing business strategy and growth

• Other actuarial projects in support of the longevity reinsurance business

The Minimum Qualifications

• Bachelor's degree in Actuarial Science, Finance, Econometrics, Statistics, Mathematics, Physics, or another quantitative discipline

• Fellowship of Society of Actuaries (FSA), or Associate of Society of Actuaries (ASA)

• 4+ years of related actuarial experience

The Ideal Qualifications

• 6+ years of related actuarial experience

• 2+ years of experience with pricing or product development

• Knowledgeable in evaluating and pricing longevity risk

• Demonstrates leadership and influence

• Strong grasp of actuarial concepts, including the ability to quickly and independently evaluate and model new products and markets

• Communication and presentation skills, ability to translate complex concepts for a broad audience

• Demonstrates ownership and sense of urgency

• Detail oriented with strong analytic and problem solving capabilities, ability to identify solutions that effectively address business needs

• Superior ability to work collaboratively within and across organizations

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Longevity Reinsurance Product Development and Pricing teams

• 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

#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: $137,800.00-$180,800.00