Annuity Quantitative Associate

MassMutual • Boston, MA

325d • $97,600 - $128,100

About The Position

As a member of the Income Annuity Pricing team, you will help support the product management and pricing of MassMutual's multibillion-dollar annuity business. You will work in a collaborative environment partnering with a diverse group of stakeholders representing product, sales, marketing, technology, and risk management. This role will largely focus on the rate implementation of MassMutual's full annuity suite with a secondary focus on pricing support for the income annuity business.

Requirements

• Bachelor's degree in accounting, actuarial science, economics, finance, or related discipline
• 3+ years of actuarial, financial, pricing or related experience
• 2+ years of advanced knowledge of Excel (advanced features including pivot tables, VLOOKUPs, etc)

Nice To Haves

• 5+ years of actuarial, financial, pricing or related experience
• Strong analytical and financial modeling skills, including experience in Prophet, SQL, and Alteryx
• Detail-oriented with strong organizational, critical thinking, and problem-solving skills
• Excellent interpersonal and communication skills (written, verbal, presentation) with an ability to convey technical ideas to non-technical audiences
• Comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem
• Demonstrated initiative and has a sense of urgency; takes ownership and is results-oriented in a fast-paced work environment
• Passion for process improvement/development
• Knowledge of annuity products and pricing

Responsibilities

• Lead the end-to-end annuity rate implementation process, ensuring both accuracy and efficiency
• Drive process improvements and partner with Product Marketing to streamline and enhance the rate implementation process
• Serve as the data steward for annuity pricing, maintaining data integrity, and ensuring the accuracy of pricing models and assumptions
• Support the rate setting of income annuities by providing insights and recommendations to optimize profitability and competitiveness
• Evaluate pricing for large case requests
• Support the pricing review and approval process with both Corporate Actuarial and Product
• Contribute to strategic initiatives to grow and optimize the income annuity suite

Benefits

• Competitive salaries
• Incentive and bonus opportunities
• Access to mentorship opportunities
• Networking opportunities including access to various Business Resource Groups
• Access to learning content on Degreed and other informational platforms
• Strong and stable ethical business with industry leading pay and benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree