What are the responsibilities and job description for the LTC Actuary 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.
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Salary : $85,000 - $102,000
