Head of ALM Strategy

Company: MassMutual Financial Group
Location: Springfield
Posted on: September 9, 2020

Job Description:

Do you want to be part of a team that encourages your growth, supports your ambitions and makes it a priority for you to reach your goals? Is helping people part of who you are? At MassMutual, we help millions of people find financial freedom, offer financial protection and plan for the future. We do this by building trust with our customers by being knowledgeable problem solvers and prioritize their needs above all else. We Live Mutual.Description??As a key member of the Strategic Actuarial Initiatives team, MassMutual is seeking for an enthusiastic, well-rounded and motivated individual to lead the ALM Strategy team within the broader Corporate Actuarial and Business Analytics (CABA) team. In this function, this individual will be accountable for ALM Strategies of all of MassMutual's insurance products and is expected to successfully partner with the investment, pricing and valuation teams of the various businesses.As Head of ALM Strategy, this individual is expected to:Evaluate the on-going fit and adequacy of existing ALM strategies (including hedging) as market environment changes and make strategy, budget and other related recommendations, as applicable, while taking into account costs, risks and benefits of alternativesEvaluate existing ALM modeling and applicable metrics & measures to improve existing processes and/or make suggested changesCritically and logically build financial and/or non-financial analytical models that drive fact-based decision-making to support ALM decision made by the leadership teamChair the Capital Market Assumptions Group accountable for the review, update, management and monitoring processes and policies for recommending asset assumptions used in valuation, pricing and financial projectionsProvide thought leadership, technical expertise, oversight and value-added support & guidance related to all aspects of ALMSupport enforcement of corporate guidelines and governance processes with respect to asset assumptions including sufficiency of documentation to meet AOM/VM-30, VM-31, VM-G, GAAP, applicable SOPs and any other regulatory requirementsClosely collaborate with the Product Pricing Oversight and Reinsurance Oversight teams to ensure adequacy and appropriateness of asset assumptions and ALM strategies recommended as part of the pricing exercise/financial reinsurance transactionsStay abreast of emerging regulations as they impact applicable aspects of ALM, hedging, economic assumptions and related actuarial work;Participation on select US, International and Corporate projects and initiatives as applicableTeam leadership, clear communication and solid partnership with the business and other departmentsReports to: Head of Strategic Actuarial InitiativesPeers: Head of Product Pricing Overview, Head of Assumption Oversight and Head of Reinsurance OversightSubordinates: Manage a team of initially 0-1 employeeThis is an opportunity to join a thriving insurance organization. Growth, innovation and a consistent focus on policyholders and customers sets MassMutual apart and gives them a competitive edge in the market. We consistently challenge the organization to deliver stronger and better methods to achieve results and as a result are generating double digit sales growth year after year.--CANDIDATE QUALIFICATIONSFellow of Society of Actuaries (FSA), or equivalent professional credential from recognized professional actuarial association10+ years of insurance and annuity experience, preferably in the U.S. market, in areas such as ALM, hedging, pricing, valuation, reinsurance and/or capital managementStrong knowledge of actuarial and risk management concepts and practices; experience with quantifying, analyzing and managing a range of product risksSelf-motivated and independent with strong analytical, critical thinking, and problem-solving skills; comfortable dealing with both complexity and ambiguity, and able to explore multiple solutions to problems and challengesEffective time management, planning and organization skillsStrong interpersonal, communication and influencing skills: ability to convey complex issues, explain methodologies and influence resolutions in writing and orallyAbility to rapidly respond to changes in direction, tight deadlines and high-pressure situationsWhy Join Us.We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.Recognized as a 2019 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.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.Full time

Keywords: MassMutual Financial Group, Springfield , Head of ALM Strategy, Other , Springfield, Massachusetts