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Annuity Valuation Modeling Actuary

Company: Mass Mutual
Location: Springfield
Posted on: October 12, 2019

Job Description:

Since 1851, MassMutual s commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We re people helping people. A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are the foundation of what makes MassMutual a strong, stable and ethical business. We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other. Together, we re stronger. 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 Ranked No. 93 in the annual FORTUNE 500 Ranking (FORTUNE Magazine, June 2018) and recognized as a World s Most Ethical Company by Ethisphere, MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It s more than our company structure it s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual. CORE VALUES Focus on the Customer: We understand our customers well and look for every opportunity to deliver an experience that is clear, easy, personal, human, empowering and trustworthy. Act with Integrity: We deliver on our promises by being open, honest and humble and by adhering to the letter and spirit of applicable laws, rules, regulations and company policies. Value People: We respect and learn from each other s diverse backgrounds, experiences and ideas. We engage and develop people to their greatest potential. Work Collaboratively: We work together to achieve results by actively listening, seeking, understanding and creating solutions as a unified team driving toward one company, one culture, one brand. Achieve Results: We focus on winning by exceeding expectations and getting better everyone, every day. For more information, visit ****************** or find us on Facebook, Twitter, LinkedIn, YouTube, Google+, Instagram and Pinterest. MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

Keywords: Mass Mutual, Springfield , Annuity Valuation Modeling Actuary, Accounting, Auditing , Springfield, Massachusetts

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