SpringfieldMARecruiter Since 2001
the smart solution for Springfield jobs

Dividend Strategy and Systems Actuary

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

Job Description:


As a mutual company, policyowner dividends are central to MassMutual--------s vision and goals. The Dividend Strategy and Systems (DSS) team strives to be dividend experts who deliver the dividend analysis and solutions that influence key strategic actions, ensuring equitable distribution of dividends. To accomplish this, the target candidate will be expected to leverage their technical expertise and thought leadership to provide insightful, compelling dividend analysis for MassMutual--------s senior leaders and Board of Directors. The role requires working closely with key actuaries and other leaders across CFO and MM, including those in financial, investment, experience studies, life product development teams, legal, compliance, marketing, internal communications and customer service.


The Actuary--------s responsibilities will focus on the annual dividend schedule (DS) development and recommendation for the Chief Actuary, CFO, Executive Leadership Team (ELT) and MassMutual Board of Directors, annual illustration regulation testing and other key dividend analyses related to other business earnings and management actions.

Dividend Schedule Development & Recommendation

* Support preparation of three to four annual DS Board and ELT presentations and board dividend education manual, analysis, notes and back-up for Chief Actuary and CFO
* Contribute to the recommendations, development, repricing and analysis of the annual DS in alignment with strategic & financial goals, including the data and analysis for all dividend alternatives and their impact on financials, sales, and capital, etc. under baseline and stress scenarios
* Key contact for technical reviews of all dividend-related communications and educational materials (including those for the annual dividend schedule)

Dividend & Product Expertise

* Oversee reviews and approval of dividend methodology and unit dividend formulas for all participating lines of business, including new and inforce participating life products, Worksite, Disability Income, Long Term Care and Annuities
* Serve as Dividend Management representative in various experience study working groups across the organization Involved with development, analysis and recommended enhancements for all DS and illustrations regulation testing (IRT) assumptions needed and execution of hand-offs to DSS developers
* Participate in the analysis and review of testing results for the annual IRT testing. At times, this will require a thorough review of a product--------s IRT results, testing and pricing models, pricing and IRT testing assumptions and practices to research methods to pass IRT testing.

Dividend Analysis & Other Business Support

* Steward the evaluation and communication of the dividend impacts stemming from key strategic projects, management actions and changes to distributable other business earnings
* Perform DS analysis related to dividend sustainability, risk appetite and stress scenarios, investment & expense experience, and other topics as needed
* Proactively seek out and foster relationships with other key partners and stakeholders across MassMutual, including Financial Forecast Consolidation and Analysis, Capital Analytics, Corporate Development, MMUS Finance, and ERM
* Support continuous improvement efforts within team to achieve CFO 2020 goals


* Bachelor's Degree required
* Fellow or Associate of the Society of Actuaries
* 4+ years actuarial experience with life insurance products
* Strong analytical and problem solving skills to effectively identify, communicate and develop solutions
* Strong quantitative and technical skills
* Strong oral and written communication skills, including ability to present complex issues such that others can readily understand them
* Distill complex topics and use appropriate judgment to effectively communicate issues, information, and recommendations to peers and management
* Ability to respond to changes in direction, tight deadlines and high pressure situations.
* Ability to work individually and collaboratively with others at all levels and areas of MassMutual
* Proficiency with MS Office products (Excel, VBA, Word, Access) required
* Commitment to MassMutual--------s Winning Ways: Act With Integrity, Focus on the Customer, Value People, Work Collaboratively, and Achieve Results
* Must be authorized to work in the United States without requiring via sponsorship now or in the future


* Experience with programming languages (e.g. R, Python, SQL, C++, APL) a plus

Keywords: MassMutual, Springfield , Dividend Strategy and Systems 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

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

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

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

Senior Digital Account Executive - Own a Franchise
Description: Senior Digital Account Executive:
Company: Franchise Career Advisors
Location: Cambridge
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

Senior/Lead Corporate Accountant
Description: RESPONSIBILITIES:Kforce's client is currently searching for a Senior/Lead Accountant in Boston, Massachusetts MA . This is an excellent opportunity for growth, as our client is looking
Company: Kforce
Location: Boston
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

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

Manager, Financial Planning & Analysis
Description: The Manager, FP A is accountable for providing financial support to multiple key areas of Ipsen's North America Specialty Care Commercial business. Specifically, this role will support the internal (more...)
Company: Ipsen Biopharmaceuticals, Inc.
Location: Cambridge
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