
Head of Annuity Financial Projection Models
MassMutual
full-time
Posted on:
Location Type: Hybrid
Location: Springfield • Massachusetts • United States
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Salary
💰 $185,300 - $243,100 per year
Job Level
About the role
- Lead a high-performing team responsible for designing, developing, and governing models that support critical business functions such as forecasting, capital planning, asset-liability management (ALM), and stress testing.
- Ensure financial projection models comply with regulatory requirements (e.g., US Statutory, LDTI GAAP and economic bases) and internal control standards.
- Oversee the design, development, and maintenance of annuity actuarial projection models used for FP&A, ALM and capital planning.
- Communicate complex modeling results to non-technical stakeholders in a clear and actionable manner.
- Collaborate with leaders within the Finance organization to ensure alignment of modeling outputs with business objectives.
- Execute, validate and refine projection model outputs while monitoring model infrastructure and performance.
- Actively manage team performance, provide coaching and mentorship, and create opportunities for professional growth to build a high-performing and engaged team.
- Explore emerging technologies (e.g., machine learning, predictive analytics) to enhance modeling capabilities.
Requirements
- FSA or equivalent actuarial designation
- Bachelors degree in Actuarial Science, Mathematics, Statistics, or related fields; advanced degree is ideal.
- 10+ years of hands-on experience working with actuarial models, including more than 5+ years leading and managing high‑performing teams.
- Expertise in financial projection models, financial analysis, valuation frameworks, and regulatory standards.
- Experience includes developing, validating, and interpreting complex projection models; applying advanced valuation methodologies across multiple product lines; conducting robust financial and scenario analyses; and ensuring compliance with evolving regulatory requirements such as statutory, GAAP, and principles‑based frameworks.
- Deep technical proficiency in actuarial projection modeling and end-to-end processing
- Experience with Prophet is highly preferred.
- Familiarity with Axis, MGALFA, or other actuarial software is considered an asset
- Experience with programming languages such as Python, R, VBA, Java, or C# is considered an asset
- Excellent communication and stakeholder management skills.
Benefits
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Applicant Tracking System Keywords
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Hard Skills & Tools
actuarial modelsfinancial projection modelsfinancial analysisvaluation frameworksadvanced valuation methodologiesscenario analysesactuarial projection modelingprogramming languagesPythonR
Soft Skills
communicationstakeholder managementteam performance managementcoachingmentorshipprofessional growthcollaborationclear communicationleadershipengagement
Certifications
FSAactuarial designation