ALM Actuary - Hybrid

Actuary

Annuity ALM & Hedging Team, Corporate Actuarial

Full-Time

Springfield, MA or Boston, MA (Hybrid)

The Opportunity

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 Corporate Actuarial organization is focused on being a trusted business partner and go-to provider of actuarial and business analytics by influencing key business decisions with efficient use of data and technology, while providing our employees with exciting career experiences. To help us achieve our mission, we are hiring an actuary at the Mastery level (FSA or near-FSA) to join the Annuity ALM & Hedging team. The incumbent will own all components of ALM for retail income annuities and institutional business including the business relationships, monthly and quarterly production, aid in overall ALM strategy, and ad-hoc analysis. This business includes retail SPIA / DIA products, Pension Risk Transfer, and Funding Agreements. Additionally, the individual will assist in other cross-company and cross-team initiatives, and maintenance of ALM processes.

The Team

The Annuity ALM & Hedging Team within Corporate Actuarial is focused on supporting the organization’s ALM and hedging strategies from a liability perspective. We are seeking an individual that will help drive delivery of accurate information and analysis, in actionable and forward-thinking ways. The individual will report to the Director of Annuity ALM & Hedging. If you are someone that has a passion for tackling complex problems, continuous improvement, innovative practices, and a curiosity to pursue learning opportunities, this may be the right role for you.

The Impact :

• Demonstrates accountability in providing quantitative and qualitative support to Corporate Actuarial, Institutional Solutions, Annuity Product and Pricing, Enterprise Risk Management and Investment Management by leveraging knowledge of actuarial business functions and risks, and technical facility with computer tools.
• Develop, document, and maintain methodologies, assumptions, qualifications, and computer programs, using a variety of tools, to solve challenging actuarial analysis. Demonstrate ownership in learning and collaborating with others to meet customer needs.
• Deliver timely and accurate information to support the Company’s ALM recommendations.
• Research, develop, and implement complex solutions impacting business decisions. Communicate findings and influence decision makers.
• The individual will effect change and help with the redesign and modernization of ALM and hedging processes.

The Minimum Qualifications

The Ideal Qualifications

What to Expect as Part of MassMutual and the Team

LI-ST1

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.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.