Job Description

Job Description

Actuary

Stable Value

Full-Time

Boston, MA or Springfield, MA

The Opportunity

The Institutional businesses are growing and represent a key component of the company’s business strategy. As a Product Manager, you will focus on product management, development, pricing, underwriting and risk analysis. This role will require combining technical investment/actuarial/product skills with influence, collaboration, and effective communication with internal business and operational teams, corporate and other MassMutual functions, as well as interaction with external clients and intermediaries.

The Team

The Stable Value Product Team provides insights into the evaluation of new opportunities and the risk characteristics of our in-force business.

The Impact

The Institutional businesses are growing and represent a key component of the company’s business strategy. As a Product Manager, you will focus on product management, development, pricing, underwriting and risk analysis. This role will require combining technical investment/actuarial/product skills with influence, collaboration, and effective communication with internal business and operational teams, corporate and other MassMutual functions, as well as interaction with external clients and intermediaries. Specific responsibilities include:

• Own the review of and decision making related to plan underwriting information for new sales opportunities
• Evaluate and implement existing client stable value contract modification requests, in partnership with legal team as approved
• Lead and contribute to projects related to product changes and new product offerings including pricing, contracts, filing, and risk assessment
• Reviewing stable value investment portfolios
• Building and maintaining pricing and risk analysis models
• Determine new business and in-force crediting rates for stable value contracts
• Analysis of risks and underwriting considerations and participating in contract negotiations
• Performing experience studies and setting assumptions
• Presenting complex analyses and concepts to executive management
• Soliciting and analysis of competitive data
• Influencing and contributing to ongoing business strategy and growth

The Minimum Qualifications

• A certified ASA or FSA
• 8+ years of related experience in the financial services industry
• 4+ years of stable value experience
• 1+ year of synthetic GIC product, contract and risk experience

The Ideal Qualifications

• CFA with experience in ALM, investment portfolio development, investment risk analytics is desired, but not required
• Knowledgeable in aspects of stable value or Insurance Company General Account products
• Ability to:
  • Make clear and consistent decisions
  • Demonstrate leadership, influence and take ownership of key projects
  • Demonstrate initiative and a sense of urgency
  • Effectively manage and deliver on multiple concurrent deliverables
  • Analyze and comprehend complex information, as well as convey complex materials to non-technical audiences
• Disciplined approach to strategic initiatives, business projects and day-to-day activities
• 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)

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Stable Value Product team
• Focused one-on-one meetings with your manager
• 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 benefit

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MassMutual is an equal employment opportunity employer. We welcome all persons to apply.

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

Job Tags

Full time, Contract work,

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