Lead Life Pricing Actuary

The Opportunity

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.

The Team

As part of the Brand, Product, and Affiliated Distribution organization and the Life Product Development team, the Life Pricing team is a motivated group of actuaries and quantitative consultants who develop innovative products and pricing methodologies across a broad suite of Life products. We help ensure the continued growth of our core whole life franchise while diversifying our offerings to provide solutions to more customers. We collaborate with key partners across the organization to ensure our product suite is competitive and aligned to meet the needs of our customers, while delivering value to MassMutual.

The Impact
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

The Minimum Qualifications
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

The Ideal Qualifications
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

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.