MassMutual

Head of Institutional Risk and Actuarial Initiatives

MassMutual

full-time

Posted on:

Location Type: Hybrid

Location: Boston • Massachusetts • United States

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Salary

💰 $167,800 - $220,200 per year

Job Level

Lead

About the role

  • Utilize leadership, influence, business acumen, and deep actuarial knowledge to influence strategy.
  • Liaising with ERM, finance and actuarial functions, profitability and financial analyses, risk reporting.
  • Driving data-based decisions in support of the Institutional product lines.
  • Collaborate with peers in the Institutional Product & Actuarial team to achieve strategic and financial objectives.
  • Lead profitability reporting and partner with Financial Planning & Analysis for forecast and earnings analysis.
  • Deliver and evolve aggregated Institutional Solutions reporting of new business metrics.
  • Partner with enterprise stakeholders to ensure appropriate allocation and efficient utilization of expense and capital.
  • Lead Institutional Solutions assumption and model governance including development of process and standards.
  • Evaluate and execute on risk and capacity management options that promote long-term growth and risk management.
  • Act as a Liaison to Enterprise Risk Management and Corporate Actuarial functions for Institutional Products.
  • Influence and contribute to ongoing business strategy and growth.
  • Lead various Actuarial projects related to Institutional businesses.

Requirements

  • An accomplished FSA with 10+ years of relevant actuarial experience.
  • An accomplished FSA with experience in institutional products, risk management, or finance
  • Excellent interpersonal and communication skills (written, verbal, presentation)
  • Demonstrates initiative and sense of urgency, delivering on multiple concurrent deliverables in a dynamic constantly evolving business line.
  • Takes ownership and is results-orientated with high accountability.
  • Commitment to transparency and inclusive behaviors in dealing with business and other cross functional teams.
  • Influences and collaborates with business partners to accomplish joint goals.
  • Ability to analyze and comprehend complex information, as well as convey complex materials to non-technical audiences.
  • Comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem to achieve business objectives.
  • Meticulous with strong analytical, critical thinking and problem-solving skills.
  • Strong grasp of actuarial concepts, including the ability to quickly and independently evaluate and model new products and markets.
  • Leads continuous improvement efforts.
Benefits
  • Regular meetings with the Institutional Product & Actuarial team
  • Focused one-on-one meetings with your manager.
  • Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, veteran and disability-focused Business Resource Groups
  • Access to learning content on Degreed and other information platforms
  • Ethics and integrity valued by a company with strong and stable ethical business with industry leading pay and benefits.
Applicant Tracking System Keywords

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

Hard Skills & Tools
actuarial knowledgeprofitability reportingfinancial analysisrisk reportingdata-based decision makingrisk managementmodel governanceassumption developmentanalytical skillscritical thinking
Soft Skills
leadershipinfluencebusiness acumeninterpersonal skillscommunication skillsinitiativeresults-orientedaccountabilitycollaborationproblem-solving
Certifications
Fellow of the Society of Actuaries (FSA)