New Product Pricing Actuary- Product & Pricing Department

MassMutual Ascend•Cincinnati, OH

15h•Hybrid

About The Position

MassMutual Ascend is a leading provider of annuities committed to offering innovative products that meet customers' unique needs. The New Product Pricing Actuary will analyze, price, and assess the risk of new and improved annuity products. This role involves overseeing an actuarial analyst and collaborating across various company departments and external relationships.

Requirements

Career ASA, pursuing FSA or FSA
At least 7 years of experience
Working knowledge of annuity pricing, including STAT accounting
Experience with actuarial projections and analysis of Fixed Indexed Annuities and Registered Index-Linked Annuities
Experience with actuarial projection software
Strong analytic skills
Solid communication and interpersonal skills
Attention to detail and ownership of results

Nice To Haves

Experience with Prophet modeling software
Extensive knowledge or pricing experience with Registered Index-Linked Annuities, Fixed Indexed Annuities, and Fixed Deferred Annuities
Supervisory experience

Responsibilities

Price and assist in the development of new annuity products (Fixed, Fixed Indexed and Registered Index-Linked) and riders (Income and Death Benefit).
Translate complex pricing concepts/analysis into simplified, easy-to-understand results.
Assess risks associated with annuity products/riders and analyze mitigants for those risks.
Review new strategies and their potential impacts on pricing returns and renewal rates.
Build detailed, comprehensive pricing models based on product design.
Balance pricing granularity vs. efficiency; balance detail with realistic best practice.
Demonstrate results are in line with corporate standards.
Anticipate internal / external business challenges and / or regulatory issues.
Manage and/or oversee the work of one actuarial analyst.
Collaborate with the New Product Pricing Lead.
Collaborate across MassMutual Ascend Product and Pricing, Enterprise Risk Management, Financial Actuarial, Finance, Sales, Marketing, Legal and IT; MassMutual Corporate Actuarial and Business Analytics, Enterprise Risk Management and Investment Management; and third-party relationships such as reinsurers.