Quantitative Consultant

MassMutual Financial Group • New York, NY

42d

About The Position

MassMutual is seeking a Quantitative Consultant to join our Product Modeling team within the Annuity Product Department. In this role, you will collaborate with cross-functional teams to define product calculation requirements for new and existing products, and develop Excel-based models to support and validate those requirements, ensuring accurate and reliable values for our MassMutual customers. You will also support existing products during administration system conversions between administrative systems, maintaining data integrity and process continuity. Additionally, you will provide defect analysis and resolution to address system or calculation issues efficiently. Our team blends advanced Excel modeling, annuity product expertise, actuarial knowledge, and strong communication and problem-solving skills. We prioritize critical thinking and process efficiency to stay focused on core responsibilities. By streamlining workflows and anticipating challenges we accelerate speed to market and resolve customer issues quickly. Through effective system solutions and empathetic solution-oriented communication we enhance customer experience and ensure timely delivery. In this role, you will drive efficiency, collaboration, and innovation to improve speed to market and deliver exceptional customer outcomes. Key responsibilities include: Own the development of models and requirements to ensure MassMutual customers receive accurate values from our systems and operational processes. Take accountability for deliverables, working collaboratively with team members to complete tasks accurately and on time while following established coding structures and standards for Excel model development. Plan and communicate effectively when multiple team members are working in the same excel model, ensuring coordination to avoid conflicts and maintain model integrity. Communicate clearly with business partners, translating technical and non-technical information clearly and keeping stakeholders informed of status and deliverables. Apply actuarial and statistical methods, leveraging tools and peers to when needed to enhance everyday work Reduce costs through process improvements, automation, and strategic handoffs to business partners. Navigate complexity and ambiguity. exploring multiple solutions while balancing the needs of the customer, actuarial functions, product, systems, operations, the field, legal, and compliance.

Requirements

• BA or BS with a quantitative focus (e.g., Mathematics, Actuarial, Finance, Economics or related major)
• 5+ years of relevant work experience in insurance or financial services industry.
• 1+ years of Excel experience, including formulas (e.g., XLOOKUP), data validation.

Nice To Haves

• Completion of 1 or more actuarial exams
• In-depth knowledge of MassMutual annuity products
• Excel VBA
• Experience writing SQL queries
• Ability to optimize workflows for large data sets through advanced Excel techniques, macros or integration with other tools.
• Experience supporting requirements and business testing for administrative system conversions.
• Ability to take ownership of deliverables and collaborate effectively within a team environment.
• General knowledge of annuity or related financial services industry products and practices.
• Ability to work at both strategic and tactical levels, and switch between them as needed.
• Strong business acumen, analytical, problem-solving, decision-making, and presentation skills.

Responsibilities

• Own the development of models and requirements to ensure MassMutual customers receive accurate values from our systems and operational processes.
• Take accountability for deliverables, working collaboratively with team members to complete tasks accurately and on time while following established coding structures and standards for Excel model development.
• Plan and communicate effectively when multiple team members are working in the same excel model, ensuring coordination to avoid conflicts and maintain model integrity.
• Communicate clearly with business partners, translating technical and non-technical information clearly and keeping stakeholders informed of status and deliverables.
• Apply actuarial and statistical methods, leveraging tools and peers to when needed to enhance everyday work
• Reduce costs through process improvements, automation, and strategic handoffs to business partners.
• Navigate complexity and ambiguity. exploring multiple solutions while balancing the needs of the customer, actuarial functions, product, systems, operations, the field, legal, and compliance.

Benefits

• Regular meetings with the Product Modeling Team
• Focused one-on-one meetings with your manager
• Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
• Access to learning content on Degreed and other informational platforms
• Your ethics and integrity will be valued by a company with a strong and stable ethical nosiness with industry leading pay and benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Number of Employees: 5,001-10,000 employees