AXIS Modeling Actuary

MassMutual•Springfield, NY

4d•Hybrid

About The Position

The Corporate Actuarial organization supports MassMutual's mission with actuarial and business analytics, while providing employees with meaningful career experience. To support the expanding role and influence of our valuation models, we are hiring an Actuary for the Life Valuation Modeling team. The Valuation Modeling Team helps to protect the long-term interests of policyholders by ensuring MassMutual is positioned to meet its future obligations. Responsible for over $100 billion in direct statutory reserves, the team performs statutory, GAAP/LDTI and tax valuation on Par Whole Life, Term, UL and VUL products. Our work affects regulatory compliance, strategic decision-making and inforce management. For those interested in modeling, interpreting, and communicating financial results in a collaborative team environment, this is an exciting role.

Requirements

Bachelor's degree in actuarial science, mathematics, statistics, data science, computer science, engineering, or a related quantitative or technical field.
ASA designation
4+ years of actuarial experience within insurance, financial services, or a related quantitative field.
1+ years of experience with Axis

Nice To Haves

FSA designation
4+ years of experience with Axis, including model leadership or stewardship roles
Demonstrated accountability and ownership of long-term independent projects
Proficient with Axis features such as DataLink, investment cells, scenario files, and embedded block processing
Understanding of modeling infrastructure such as ELink, GridLink, and output databases
Expertise with identifying multiple solutions to a problem, and developing collaborative solutions to software limitations
Ability to estimate resource requirements and set expectations with key stakeholders for highly visible projects
Experience with Principle-Based Reserves, valuation regulations, product design, modeling assumptions, and inforce policy data
Proficient with model-supported software such as MS Excel and SQL.
Strong math, analytical and collaboration skills
Strong communication skills, both written and verbal
Continuous improvement mindset
Ability to build and maintain strong working relationships across cross-functional groups

Responsibilities

Apply deep modeling expertise to all phases of input, processing, and output of valuation projections in Axis
Utilize modeling acumen to execute complex projects such as Cash Flow Testing, new product implementations, assumption change, and structural model updates
Deliver and explain Stat, Tax and GAAP financial results.
Develop and improve existing control and versioning methodology in valuation models
Improve efficiency by leveraging communication skills with internal and external technology partners
Apply knowledge of life insurance products and regulations to navigate complexity, ambiguity, and limitations in valuation software
Work directly with various audit stakeholders to demonstrate compliance with regulatory and model governance standards
Demonstrate agility in responding to stakeholder questions and unexpected results, often at times of peak activity and tight deadlines