Expense Actuary
MassMutual
full-time
Posted on:
Location Type: Hybrid
Location: Springfield • Massachusetts, New York • 🇺🇸 United States
Visit company websiteSalary
💰 $141,300 - $185,400 per year
Job Level
Mid-LevelSenior
Tech Stack
SQL
About the role
- Provide subject matter expertise to internal stakeholders, including pricing teams, finance teams, etc., for specific lines of business/functions
- Work assigned line of businesses/functions to analyze expense strategies for that line of business and associated impacts on the enterprise
- Perform Pricing versus Actual/Forecasted expense analysis
- Support development of new expense models and processes, identify and implement continuous improvement opportunities, and regularly adapt current technology applications, procedures, techniques and tools to meet business needs
- Partner with Product to provide expense analysis, financial drivers, and a marketplace perspective on product ideation to support MassMutual’s competitive positioning
- Embrace a growth mindset and collaborating with other teams on improving understanding and education on the reasons behind the expenses and other enterprise trends
- Support substantive strategic problem-solving efforts – thought leadership (e.g., defining key questions and problem-solving hypothesis), stakeholder engagement (e.g., leading stakeholder interactions and providing constructive challenge), and team leadership (e.g., leading the research/analysis with cross functional teams)
- Generate impact as a trusted advisor by maintaining the ability to see the big picture in inherently complex and dynamic situations and demonstrating a strong sense for value in both prioritizing and solving problems.
Requirements
- Bachelor’s Degree in Mathematics, Actuarial Science, Finance or Computer/Data Science or related field
- 5+ years of actuarial experience working in insurance, risk or financial services
- Associate of the Society of Actuaries
- Experience with insurance products, insurance accounting and finance, and product profitability
- Experience processing, manipulating, validating, and analyzing large amounts of data by utilizing the latest technology (i.e. Excel, SQL, Alteryx, etc.) and leveraging generative AI tools to enhance workflows, analysis and efficiency
- Ability to quickly break down problems in a structured manner and prioritize analysis
- Ability to analyze complex data and draw out insights and implications
- Ability to create simple, powerful, and data-driven communications
- Strategic thinker who can work independently and distill findings into key conclusions and recommendations
- Self-motivated and driven self-starter
- Ability to work collaboratively and partner with others, and effectively communicate complex analysis and related insights to technical and nontechnical audiences
- Authorized to work in the US with or without sponsorship now or in the future.
Benefits
- Health insurance
- 401(k) matching
- Flexible work arrangements
- Professional development opportunities
- Learning content access and networking opportunities
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
actuarial experiencedata analysisexpense analysisfinancial modelingproblem-solvingdata manipulationdata validationdata-driven communicationstrategic thinkingmarketplace analysis
Soft skills
collaborationcommunicationself-motivationindependent workprioritizationbig picture thinkingconstructive challengeleadershipstakeholder engagementgrowth mindset
Certifications
Bachelor’s DegreeAssociate of the Society of Actuaries