MassMutual Financial Group-posted 2 months ago
$180,700 - $237,100/Yr
Full-time • Senior
Boston, MA
5,001-10,000 employees
Insurance Carriers and Related Activities

MassMutual is looking for an exceptional, well-rounded, highly motivated and collaborative actuary to lead the Experience Insights & Assumption Management team of 10+ professionals within the broader Corporate Actuarial team. The Head of Experience Insights & Assumption Management will partner closely with Corporate Actuarial, business and corporate stakeholders to create and execute on a roadmap for developing robust/detailed data pipelines, monitoring capabilities and translating emerging experience trends into actionable insights for senior management. This leader must demonstrate deep actuarial and financial expertise, a strong understanding of product designs and features, performance, policyholder behavior and impacts to earnings drivers and have broad leadership capabilities that facilitate taking on expanded responsibilities and being considered for future succession opportunities. They will oversee the generation of actionable insights from experience studies, ensure assumptions are robust, transparent, and aligned with enterprise objectives as well as Experience Study and Assumption Governance development standards and bring thought leadership relating to experience studies and assumptions development that incorporates industry best practices into MassMutual's capabilities. The leader will demonstrate excellent communication skills and present on experience/assumptions impacting business performance to the CFO senior leadership team and select executive-level committees including the Product Advisory Committee (PAC) and UW Surveillance Committee.

  • Accountable for experience studies and related liability actuarial assumptions across all of MassMutual's insurance products.
  • Successfully partner with key business stakeholders, including others in Corporate Actuarial, Product, CFO, ERM, ETX - Actuarial Data Science and Operations.
  • Lead, develop and manage a team of talented individuals responsible for performing experience studies and developing recommendations for actuarial assumptions related to mortality, longevity, morbidity, terminations, lapses, premium persistency benefit utilization and other policyholder behavior analysis.
  • Lead the development and implementation of best practices around experience studies across lines of business.
  • Drive the vision for the tools and reporting needed to support the team and other stakeholders with the storytelling around business results.
  • Influence development of and ensure adherence to corporate and actuarial standards on assumption development.
  • Serve as a voting member of the Experience Studies and Assumption Governance Steering Committee.
  • Drive the direction/strategy regarding the development of COMET (Continuous Monitoring Experience Tool) and experience pipelines.
  • Stay abreast of underwriting and predictive model changes to provide thought leadership and collaborate with Pricing teams.
  • Leverage expertise and industry insights from participation in select industry groups to inform experience monitoring and assumption methodology updates.
  • Establish strong credibility and executive presence with key stakeholders.
  • Provide team leadership, clear communications and strong partnership with Pricing teams, Underwriting, Claims, Data Science and other Corporate Actuarial stakeholders.
  • Contribute to Corporate Actuarial thought leadership and positive team culture.
  • Bachelor's Degree or higher.
  • Fellow of Society of Actuaries (FSA), or equivalent professional credential from recognized professional actuarial association.
  • 10+ years of actuarial experience, preferably in the U.S. market, in areas such as pricing, valuation, financial planning, CFT/ALM, reinsurance and/or experience studies.
  • Strong knowledge of actuarial concepts and practices as well as of US life, annuity, and health insurance products.
  • Innovative, self-motivated and independent with strong analytical, critical thinking, and problem-solving skills.
  • Effective time management, planning and organization skills.
  • Strong communication (both written and verbal) and influencing skills.
  • Strong interpersonal skills and ability to build and maintain strong working relationships across cross-functional groups.
  • Demonstrable experience with creative problem-solving and thought leadership.
  • Experience with managing teams and demonstrates ability to attract, retain and develop strong talent.
  • Deep experience with data science, analytics and visualization skills (e.g., Python, R, SQL, Tableau, Power BI, Alteryx).
  • Experience in presenting or writing research papers or other industry participation is a plus.
  • Competitive salaries, along with incentive and bonus opportunities.
  • Access to learning content on Degreed and other informational platforms.
  • Networking opportunities including access to various Business Resource Groups.
  • Strong and stable ethical business with industry leading pay and benefits.
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