Job Details

Senior Actuary - Pension Risk Transfer Market Development Pricing amp Underwriting Lead

Company name
Massachusetts Mutual Life Insurance Company

Location
Boston, MA

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Senior Actuary - Pension Risk Transfer Market Development, Pricing & Underwriting Lead

MassMutual Financial Group

Boston

MA

Job #711644336

Since 1851, MassMutual’s commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We at MassMutual value diversity and inclusion. We’re people helping people.

A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are the foundation of what makes MassMutual a strong, stable and ethical business. We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.

Together, we’re stronger.

Description

TITLE Senior Actuary – Pension Risk Transfer Market Development, Pricing & Underwriting Lead

LOCATION MassMutual

Boston, MA (Fan Pier)

COMPANY BACKGROUND

Since 1851, MassMutual’s commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We’re people helping people.

Our passion for diversity and inclusion is not only about doing the right thing; it also helps us achieve our purpose to help people secure their future and protect the ones they love.

Score of 100 on the Human Rights Campaign Corporate Equality Index (2016)

National Association for Female Executives Top Company for Executive Women (2017)

DiversityInc Noteworthy Company (2017)

Working Mother Media 100 Best Company (2016)

Military Friendly Employer (2017)

A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are the foundation of what makes MassMutual a strong, stable and ethical business. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.

Together, we’re stronger.

Ranked No. 77 in the annual FORTUNE ® 500 Ranking (FORTUNE ® Magazine, June 2017), MassMutual has been recognized as a World’s Most Ethical Company by Ethisphere. We are guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policy owners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts.

POSITION SUMMARY

Reports to: Head of Institutional Longevity & Actuarial

JOB DESCRIPTION

MassMutual is seeking an accomplished Leader and Actuary to join the company’s Institutional Longevity & Actuarial team within MassMutual Institutional Solutions. The Institutional Businesses are undergoing growth and represent a key component of the company’s business strategy. In this management role, the incumbent will utilize their leadership, influence, business, technical knowledge and relationship management skills to influence the strategy, further MassMutual’s presence in the industry and execute on driving risk controlled profitable growth. The primary responsibilities will be market development of the PRT business while leading the PRT pricing and underwriting team in developing proposals, customizing solutions, and acquiring risk controlled profitable business. Key areas of focus include relationship management and client visits, pricing, underwriting, customizing product offerings, and influencing the PRT strategy. This role will require in depth knowledge of the PRT business, excellent communication skills, management experience and technical actuarial skills in order to influence, collaborate within the team, internal business lines, corporate and other MassMutual functions. Specific responsibilities include:

Management of the PRT Market Development, Pricing, and Underwriting teamPRT Underwriting, Pricing, and Development of Proposals; Ensure achieving profit targets while acquiring new businessDevelop and maintain relationships with consultants and advisors; client presentationsManage the pipeline of new business for cases sold, quotes in progress and potential opportunities on the horizonMaintain an active presence in the market and among the pension risk transfer community and represent MM at industry eventsCustomize product offerings, support the installation of new business and on-going operationsGather and analyze competitive & market dataPerform deep analysis and drive actions to influence the profitability and risk profile of the bookLeading PRT ProjectsLiaison with corporate risk, finance functions, marketing and operations; represent the PRT business and provide expertise internally on the PRT market and longevityInfluence and contribute to ongoing business strategy and growthOther PRT and actuarial projects in support of the Institutional Longevity businesses QUALIFICATIONS

An accomplished FSA or related experience with experience in pricing, product development or defined benefit business10 years experience in an Actuarial role or related field with management experienceDemonstrates leadership and influenceDemonstrates initiative and sense of urgency; takes ownership and is results-orientatedAbility to effectively manage and deliver on multiple concurrent deliverablesDisciplined approach to strategic initiatives, business projects and day-to-day activitiesAbility to analyze and comprehend complex information, as well as convey complex materials to non-technical audiencesComfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problemDetail oriented with strong analytical, critical thinking and problem solving skills Excellent interpersonal and communication skills (written, verbal, presentation)Advanced business degree and/or professional qualifications

PREFERRED QUALIFICATIONS

Knowledgeable in aspects of pension risk transfer strongly preferredPrior client relationship management strongly preferred

CORE VALUES

Focus on the Customer:

We understand our customers well and look for every opportunity to deliver an experience that is clear, easy, personal, human, empowering and trustworthy. Act with Integrity:

We deliver on our promises by being open, honest and humble and by adhering to the letter and spirit of applicable laws, rules, regulations and company policies. Value People:

We respect and learn from each other’s diverse backgrounds, experiences and ideas. We engage and develop people to their greatest potential. Work Collaboratively:

We work together to achieve results by actively listening, seeking, understanding and creating solutions as a unified team driving toward one company, one culture, and one brand. Achieve Results:

We focus on winning by exceeding expectations and getting better – everyone, every ~~~

MassMutual Financial Group is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply

Ranked No. 77 in the annual FORTUNE ® 500 Ranking (FORTUNE ® Magazine, June 2017) and recognized as a World’s Most Ethical Company by Ethisphere, MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

CORE VALUES

Focus on the Customer:

We understand our customers well and look for every opportunity to deliver an experience that is clear, easy, personal, human, empowering and trustworthy.

Act with Integrity:

We deliver on our promises by being open, honest and humble and by adhering to the letter and spirit of applicable laws, rules, regulations and company policies.

Value People:

We respect and learn from each other’s diverse backgrounds, experiences and ideas. We engage and develop people to their greatest potential.

Work Collaboratively:

We work together to achieve results by actively listening, seeking, understanding and creating solutions as a unified team driving toward one company, one culture, one brand.

Achieve Results:

We focus on winning by exceeding expectations and getting better – everyone, every day.

For more information, visit ~~~ or find us on Facebook, Twitter, LinkedIn, YouTube, Google , Instagram and Pinterest.

MassMutual is an Equal Employment Opportunity employer

Minority/Female/Sexual

Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.

At MassMutual, we’re fostering an inclusive and dynamic environment where our employees are valued for who they are and can build successful careers. For us, diversity and inclusion is more than a goal, it’s the only way forward.

• 100% rating on the Human Rights Campaign Corporate Equality Index (2018)

• National Association for Female Executives Top Company for Executive Women (2017)

• DiversityInc Noteworthy Company (2017)

• Disability Equality Index® (DEI) Best Place to Work for Disability inclusion (2017)

• Working Mother Media 100 Best Company (2017)

• Military Friendly Employer (2018)

Updated 08/07/2018

Company info

Massachusetts Mutual Life Insurance Company
Website : http://www.massmutual.com

Company Profile
Massachusetts Mutual Life Insurance, known affectionately as MassMutual, brings a multitude of financial services to its membership base. A leading US mutual life insurer, the firm provides life policies, annuities, money management, and retirement planning to individuals and businesses in the US and abroad. Founded in 1851, MassMutual also offers disability income insurance, long-term care insurance, structured settlement annuities, and trust services. Its subsidiaries include OppenheimerFunds (mutual funds), Baring Asset Management (international investment), and Babson Capital Management (investor services) with its Cornerstone Real Estate Advisors (real estate investment management) subsidiary.

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