Institutional Product Manager – Stable Value
MassMutual
full-time
Posted on:
Location Type: Hybrid
Location: Saint Paul • California • Kentucky • United States
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Salary
💰 $121,800 - $159,800 per year
About the role
- 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
Requirements
- 8+ years of related experience in the financial services industry
- 1+ years of stable value experience
- A certified ASA or FSA or CFA with experience in ALM, investment portfolio development, investment risk analytics is desired, but not required
- 4+ years of stable value experience
- 1+ year of synthetic GIC product, contract and risk experience
- 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)
Benefits
- 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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
underwritingrisk assessmentpricing modelsrisk analysisexperience studiesinvestment risk analyticscontract negotiationscrediting ratesportfolio developmentsynthetic GIC
Soft Skills
decision makingleadershipinfluenceinitiativetime managementanalytical skillscommunication skillsproblem-solvingcritical thinkingpresentation skills
Certifications
ASAFSACFA