MassMutual

Actuarial Product Oversight Consultant

MassMutual

full-time

Posted on:

Location Type: Hybrid

Location: Boston • Massachusetts, New York • 🇺🇸 United States

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Salary

💰 $141,300 - $185,400 per year

Job Level

Mid-LevelSenior

About the role

  • Leverage solid technical expertise to provide value-added support and guidance to all actuarial aspects of new product development and inforce product re-pricings (assumptions, pricing methodologies and profitability)
  • Support the analysis and maintenance of major elements of Actuarial Pricing Review including metric setting, target/hurdle rates, mix of business and capital allocation
  • Monitor and analyze sales, emerging experience, profitability and risk exposures of the company’s new and inforce products including responsibility for analysis and reporting of value of new business metrics used for management decision making
  • Enforce corporate guidelines and governance processes with respect to product pricing and re-pricings, and assumptions oversight
  • Stay abreast of emerging regulations as they impact applicable aspects of products being priced and related actuarial work
  • Participate on select Corporate projects and initiatives
  • Demonstrate clear verbal and written communication, strong collaboration and partnership with business partners, and agility in balancing multiple work efforts

Requirements

  • ASA or FSA designation
  • Bachelor’s Degree or higher in Actuarial Science, Accounting, Business, Economics, Finance or Mathematics
  • 5+ years of life and annuity experience, preferably in the U.S. market, in areas such as pricing, valuation, reinsurance and/or capital management
Benefits
  • Access to learning content on Degreed and other informational platforms
  • Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, veteran and disability-focused Business Resource Groups

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
actuarial pricingpricing methodologiesprofitability analysismetric settingcapital allocationrisk exposure analysisvalue of new business metricsassumptions oversightregulatory compliancefinancial analysis
Soft skills
verbal communicationwritten communicationcollaborationpartnershipagilitymulti-tasking
Certifications
ASA designationFSA designation