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Annuity Valuation -" Modeling Actuary

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

Job Description:

SUMMARY



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 Modeling Actuary-Annuity Valuation to join our team.



What great looks like in this role.



Our ideal candidate has demonstrated strong modeling skills and technical knowledge. You--------ll use your skills to ensure MassMutual--------s financial strength. You--------re also going to lead efforts to build/enhance/maintain valuation models for Annuity products bringing in emerging regulation, new products and other improvements 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 a



and valued advice with key business insights to help the company better understand and manage the business.



Objectives and responsibilities of this role



* Modeling for annuity products on Prophet, CASE and Atlas, for group and individual, deferred and payout, fixed and deferred annuities



PEOPLE & CULTURE



* Help build and develop teams, perform individual check-in development work, provide feedback as requested



STANDARD WORK



* Provide support to the following as and when needed

* Assist as needed on monthly production / reporting / analysis / explanation of reserves (direct and ceded)/DAC

* Assist as needed on annual reserve adequacy testing -----" production / reporting / analysis / communication of results

* Usage of valuation governance framework, for model development and management, data governance



INFRASTRUCTURE



* Lead the building/enhancement/maintenance of actuarial infrastructure (data/models) either by leading model development and/or working with Systems/Data & Analytics on data issues, and bringing in new products, new regulations and other improvements

* Improve projection capabilities for use in functions such as ALM, FP&A

* Supporting data infrastructure for model input, reporting and analysis of results



SKILLS AND QUALIFICATIONS



* 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

* Demonstrated modeling capabilities, preferably in GENERIC software

* 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



PREFERRED QUALIFICATIONS



* 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 -" Modeling Actuary, Accounting, Auditing , Springfield, Massachusetts

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