Analyst III - Actuarial Services
IEHP
SQL
Pricing Actuary, LTC
MassMutual
full-time
Posted on:
Origin: • 🇺🇸 United States • Massachusetts
Visit company websiteSalary
💰 $141,300 - $185,400 per year
Job Level
Mid-LevelSenior
About the role
- Mastery level actuarial position within the Health and Worksite Product organization with primary responsibility for the long-term care product line. Responsibilities include product development and pricing of long-term care hybrid products, as well as long-term care riders on our life insurance products. Collaborating across a wide variety of functions, including sales, operations, underwriting, corporate actuarial, marketing, claims and IT. Lead the design for new long term care combination products, riders, enhancements, and other initiatives. Develop pricing assumptions and apply actuarial pricing and management models. Identify risks and develop strategies and processes to manage and mitigate such risks. Perform sensitivity testing and extract relevant insights from data and/or models and present complex analysis to stakeholders. Secure required pricing approvals and create and maintain pricing assumption version controls and documentation. Research state/federal regulations, develop Actuarial Memorandums and Rate Manuals for product filings and respond to actuarial objections. Work on implementation teams, analyze experience studies, and develop assumptions for new product development. Comply with Actuarial Standards of Practice and support continuous improvement.
Requirements
- Bachelor’s degree in actuarial science, math, statistics, or related discipline ASA designation 5+ years relevant actuarial experience Qualified to sign statements of actuarial opinion for disability income, long term care, chronic illness or accident products. Experience with actuarial software and modeling, demonstrating the ability to build, validate, enhance, and maintain pricing models
