SpringfieldMARecruiter Since 2001
the smart solution for Springfield jobs

Annuity Valuation -" Reporting & Analysis Actuary

Company: MassMutual
Location: Springfield
Posted on: September 15, 2019

Job Description:


At MassMutual, we--------re passionate about helping millions of people find financial freedom and this passion has driven our approach to developing highly interactive digital experiences for our customers. The Valuation & Modeling (V&M)--------s value proposition is as follows: Protect long-term interests of policy owners by enabling MMFG to meet its future obligations through providing accurate financial information and analysis that is actionable and forward-thinking. This will inspire confidence and trust from our stakeholders

To help us achieve our mission, we are hiring a Reporting & Analysis Actuary-Annuity Valuation to join our team.

What great looks like in this role.

Our ideal candidate has demonstrated both strong technical knowledge and communication skills. You--------ll use your skills to help ensure MassMutual--------s financial strength. You--------re also in a position to be a primary contact for valuation reporting and analysis for Annuity products, influence and implement emerging regulation, and help develop and encourage other team members to do the same. The ideal candidate will naturally partner outside of V&M to offer timely and valued advice with key business insights to help the company better understand and manage the business.

Objectives and responsibilities of this role

Lead the reporting & analysis function for Annuity products, which cover individual and group, deferred and payout, fixed and variable annuities


* Help build and develop teams, perform individual check-in process, set and implement individual development plan, provide candid feedback


* Manage monthly/quarterly/annual production, reporting, analysis and explanation of reserves (direct and ceded, and including PBR) and DAC. Communicate results to appropriate parties

* Manage annual reserve adequacy testing (CFT, DAC, LRT) -----" production / reporting / analysis of results, preparation of various memos and certifications

* Manage usage of valuation governance framework, including assumption-setting, model development and management, data governance, standard work processes

* Apply continuous improvement philosophy to improve our standard work processes


* Preparation of projection information for various customers (e.g. Financial Planning & Analysis (FP&A), Investment Management)

* Provide forecasting advice to FP&A

* Provide valuation advice to product pricing/repricing and reinsurance / capital transactions

* Where applicable, provide experience reporting information


* Perform analysis of valuation issues, providing recommendations for action, financial impact

* Monitor/influence/implement relevant emerging valuation regulation


* Provide support to building/enhancement/maintenance of actuarial infrastructure (data/models) by providing specifications and user acceptance testing to modelers


* Bachelor--------s Degree required

* Fellow or Associate of the Society of Actuaries and Member of the American Academy of Actuaries, and -----Compliant----- with regards to SOA CPD Attestation Status

* Strong working knowledge of valuation techniques

* Strong working knowledge of US insurance products and pricing

* Must be eligible to work in the United States without sponsorship now or in the future


* Strong communication skills, both written and verbal

* Continuous improvement mindset

* Strong project management skills

* Ability to build and maintain strong working relationships across cross-functional groups

* Competencies -----" accountability, agility, business acumen, communication, courage, development, inclusion, leading others, resilience and self-awareness

Keywords: MassMutual, Springfield , Annuity Valuation -" Reporting & Analysis Actuary, Accounting, Auditing , Springfield, Massachusetts

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category

Other Accounting, Auditing Jobs

Build Financial Freedom in Four Years..
Description: ..while building a six figure residual income. Our expanding healthcare benefits
Company: Ameriplan
Location: Lowell
Posted on: 09/16/2019

Staff Accountant
Description: RESPONSIBILITIES:Kforce has a client that is seeking a Staff Accountant in Chestnut Hill, MA. br br Essential Duties: br br br ul br li Prepare financial statements
Company: Kforce
Location: Chestnut Hill
Posted on: 09/16/2019

Global Risk Solutions (GRS) Practice Leader, Private Equity
Description: Advance your Career at Liberty Mutual Insurance - A Fortune 100 Company Liberty Mutual Group is a diversified global financial services company headquartered in Boston, MA. Our company, which is one of (more...)
Company: Liberty Mutual Insurance
Location: Boston
Posted on: 09/16/2019

Entry Level Financial Advisor
Description: We're More Than Insurance At Mutual of Omaha, we're not afraid to step outside the box and release the potential for ultimate success. We are a Fortune 500 company that allows you to carve your own professional (more...)
Company: Mutual of Omaha
Location: Boston
Posted on: 09/16/2019

Senior Accountant
Description: RESPONSIBILITIES:Kforce has a client that is seeking a Senior Accountant in Boston, MA. br br Essential Duties: br br br ul br li Perform various month end
Company: Kforce
Location: Boston
Posted on: 09/16/2019

Preseason Tax Professional
Description: br Pre-season Tax Professional br br Seeking seasonal tax preparers to serve clients with diverse tax needs during the pre-season. br H R Block pre-season tax professionals are responsible for (more...)
Company: H&R BLOCK
Location: Acton
Posted on: 09/16/2019

Collections Specialist
Description: Collections Specialist needs 2-5 yrs of Experience. Collections Specialist
Company: Global Channel Management, Inc.
Location: Boston
Posted on: 09/16/2019

Accounting Assistant, entry level
Description: Accounting Assistant, entry level br br We are a major consumer goods company located north of Providence, RI in Mansfield, MA. Currently, we are looking to add to our accounting staff on an immediate (more...)
Company: Professional Staffing Group
Location: Mansfield
Posted on: 09/16/2019

Staff Accountant
Description: RESPONSIBILITIES:Kforce has a client that is seeking a Staff Accountant in Woburn, MA. br br Essential Duties: br br br ul br li Support the
Company: Kforce
Location: Woburn
Posted on: 09/16/2019

Corporate Accountant
Description: RESPONSIBILITIES:Kforce has a client in search of a Corporate Accountant in Wakefield, Massachusetts MA . br br Responsibilities: br br br ul br li Prepare monthly financial statements (more...)
Company: Kforce
Location: Wakefield
Posted on: 09/16/2019

Log In or Create An Account

Get the latest Massachusetts jobs by following @recnetMA on Twitter!

Springfield RSS job feeds