What are the responsibilities and job description for the LTC Actuary - Mastery-level position with cross-functional collaboration opportunities (Hiring Immediately) position at MassMutual?
Actuary
LTC Actuary
Full-Time
Boston, MA or Springfield, MA or New York, NY
The Opportunity
We are hiring a mastery level actuarial position for our long term care product line. Responsibilities include inforce product management for both stand-alone and hybrid long term care insurance products. This position involves collaborating across a wide variety of functions including legal, compliance, underwriting, claims, operations, enterprise risk management and IT.
The Impact
- Support annual rate certifications, dividend analysis, illustration regulation testing, and inforce rate increases.
- Extract relevant insights from data and / or models and present complex analysis in simple and straightforward manner to key stakeholders
- Apply actuarial pricing and management models, building or enhancing them as necessary, to support product pricing analysis and design
- Identify risks inherent in new and current product design and develop strategies and processes to manage and mitigate such risks
- Analyze experience studies and develop assumptions for new and inforce products
- Perform sensitivity testing on key assumptions to help quantify risks and mitigations
- Work with implementation teams on all product initiatives
- Form opinions, make recommendations, and drive decisions and execution
- Comply with Actuarial Standards of Practice, Code of Professional Conduct and company standards
- Support continuous improvement through :
- Keeping innovation in the forefront
- Improving processes and practices
- Providing fresh perspectives, breakthrough ideas, and new paradigms to create value
- Advocating for change, improvement, and optimal value added across the organization
- Asking questions and challenging the status quo
- Taking ownership and personal responsibility
- Support other team initiatives as needed
Minimum Qualifications
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.
