Lead Life Pricing Actuary

MassMutual • Springfield, MA

224d • $159,800 - $209,700 • Remote

About The Position

As a Life Pricing Lead, you will work on the development and pricing of our Whole Life, Term, UL, VUL, and LTC combination products. You will work in a collaborative environment and partner with several different stakeholders including distribution and corporate finance. This is a highly visible and influential role working with the core suite of Life products at a leading mutual life insurance company.

Requirements

• An accomplished FSA
• Member in good standing of the American Academy of Actuaries
• Experience with developing and maintaining actuarial models, either in actuarial software or bespoke models (i.e. Axis, Prophet, Python, R, VBA)
• 10+ years of 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 on large projects with multiple functional areas

Nice To Haves

• 5+ years of experience in Retail Life pricing and product development
• Knowledgeable in relevant products and services, investments, financials, laws and regulations, industry standards and the competitive environment
• 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 ability to execute strategic initiatives, business projects, and day-to-day activities simultaneously
• Experience with programming languages and models that are built in programming languages
• Demonstrated high potential to take on greater responsibilities

Responsibilities

• Lead the pricing of new and existing Life insurance products
• Assist in prototyping activities around the evaluation of new product features
• Collaborate with distribution, reinsurance, risk management, and corporate actuarial to price products within our risk tolerance while balancing competitiveness and profitability
• Ownership of the pricing and profitability models utilized by the Life Product team
• Influence and provide key contributions to ongoing business strategy and growth
• Lead the pricing review and approval process with both the corporate actuarial and product teams
• Lead other ad hoc strategic actuarial projects for our Life product portfolio as needed

Benefits

• Competitive salaries
• Incentive and bonus opportunities
• Comprehensive benefits offerings
• Hybrid work environment with flexibility
• Inclusive and diverse culture

What This Job Offers

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