What are the responsibilities and job description for the Head of Pension Risk Transfer Business Development position at MassMutual?
Job Details
The Opportunity
As the Head of PRT Business Development you will work in a fast paced, innovative, and collaborative environment driving the growth for the PRT business, partnering with other aspects of the PRT business to incorporate new clients, leading the team responsible for evaluating, pricing and securing new PRT opportunities - contributing to the growth of a core business within Institutional Solutions.
The Team
The PRT team is a motivated group focused on innovating our pricing methodologies, ability to price and administer complex plans, and offering a smooth annuitant experience to our over 500k annuitants. In this role you will lead the PRT Business Development team which is an agile group focused on winning new business in the large market, growing our product offerings, and expanding our capabilities within the PRT market. You will partner with our PRT operations team, other Institutional Businesses, and actuarial and finance partners across the organization to drive forward key strategic initiatives to support to broader MassMutual strategy.
The Impact
Leading the team responsible for the pursuit and pricing of new PRT opportunities - composed of direct and indirect reporting
Represent MassMutual publicly through client meetings, conferences, and other industry events to grow the awareness of MassMutual's PRT presence and capabilities
Ownership of the PRT pipeline and underwriting criteria that determines transactions MassMutual will participate in - driving forward the strategy of the MassMutual PRT Business
Pricing of Pension Risk Transfer opportunities
Partner with the PRT Operations team on installation of new PRT contracts
Develop and maintain relationship with consultants and reinsurers
Partner with Pricing, Product, and Corporate teams on approvals, assumptions, pricing processes, and exceptions
Influence and provide key contributions to ongoing business strategy and growth
The Minimum Qualifications
An accomplished FSA, ASA, or EA with 6 years experience in pricing or equivalent role
Experience in pension/retirement, pension risk-transfer, or equivalent insurance business(es)
8 years experience in actuarial roles
Disciplined approach to strategic initiatives, business projects and day-to-day activities
Demonstrated ability to effectively manage and deliver on multiple concurrent deliverables.
Ability to lead and influence others and drive engagement
The Ideal Qualifications
3 years in pension risk transfer business with experience engaging with intermediaries and clients
12 years experience in actuarial roles; 6 years experience in pricing or equivalent role
Demonstrated success dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem
Ability to analyze and comprehend complex information, as well as convey complex materials to non-technical audiences
Demonstrated approach to execute strategic initiatives, business projects and day-to-day activities simultaneously.
What to Expect as Part of MassMutual and the Team
Regular meetings with the PRT Leadership Team
Focused one-on-one meetings with your manager
Access to mentorship opportunities
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
Access to learning content on Degreed and other informational platforms
Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
#LI-IZ1
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.
As the Head of PRT Business Development you will work in a fast paced, innovative, and collaborative environment driving the growth for the PRT business, partnering with other aspects of the PRT business to incorporate new clients, leading the team responsible for evaluating, pricing and securing new PRT opportunities - contributing to the growth of a core business within Institutional Solutions.
The Team
The PRT team is a motivated group focused on innovating our pricing methodologies, ability to price and administer complex plans, and offering a smooth annuitant experience to our over 500k annuitants. In this role you will lead the PRT Business Development team which is an agile group focused on winning new business in the large market, growing our product offerings, and expanding our capabilities within the PRT market. You will partner with our PRT operations team, other Institutional Businesses, and actuarial and finance partners across the organization to drive forward key strategic initiatives to support to broader MassMutual strategy.
The Impact
Leading the team responsible for the pursuit and pricing of new PRT opportunities - composed of direct and indirect reporting
Represent MassMutual publicly through client meetings, conferences, and other industry events to grow the awareness of MassMutual's PRT presence and capabilities
Ownership of the PRT pipeline and underwriting criteria that determines transactions MassMutual will participate in - driving forward the strategy of the MassMutual PRT Business
Pricing of Pension Risk Transfer opportunities
Partner with the PRT Operations team on installation of new PRT contracts
Develop and maintain relationship with consultants and reinsurers
Partner with Pricing, Product, and Corporate teams on approvals, assumptions, pricing processes, and exceptions
Influence and provide key contributions to ongoing business strategy and growth
The Minimum Qualifications
An accomplished FSA, ASA, or EA with 6 years experience in pricing or equivalent role
Experience in pension/retirement, pension risk-transfer, or equivalent insurance business(es)
8 years experience in actuarial roles
Disciplined approach to strategic initiatives, business projects and day-to-day activities
Demonstrated ability to effectively manage and deliver on multiple concurrent deliverables.
Ability to lead and influence others and drive engagement
The Ideal Qualifications
3 years in pension risk transfer business with experience engaging with intermediaries and clients
12 years experience in actuarial roles; 6 years experience in pricing or equivalent role
Demonstrated success dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem
Ability to analyze and comprehend complex information, as well as convey complex materials to non-technical audiences
Demonstrated approach to execute strategic initiatives, business projects and day-to-day activities simultaneously.
What to Expect as Part of MassMutual and the Team
Regular meetings with the PRT Leadership Team
Focused one-on-one meetings with your manager
Access to mentorship opportunities
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
Access to learning content on Degreed and other informational platforms
Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
#LI-IZ1
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.
Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.
