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<h3>Job Description</h3>
Job Description
General Description:
This individual will support all our current and future states in all product lines of insurance by accessing data, performing rate reviews, reserve analysis and other actuarial studies; preparing rate filings and responding to inquiries from regulatory departments; and working with accounting, external actuaries, consultants and auditors.
Essential Duties and Responsibilities:
Oversee and manage projects related to Pricing.
Lead the ratemaking process and develop pricing indications so as to attain an underwriting profit.
Perform various Pricing projects, including but not limited to quarterly rate adequacy reviews, internal rate indications, and analysis of internal and external data
Support and develop Pricing tools, and advance Pricing methodology in terms of data capture and analysis.
Manage competing internal interests with respect to rate filings and oversee the process.
Lead the review of new product strategies, design, pricing, and implementation of rate changes.
Price alternative structures as needed.
Interact as needed with relevant regulatory authorities on filings. Testify as required in support of rate filings.
Lead the review of new product strategies, design, pricing, and implementation of rate changes.
Drive process improvements and provide insight to leadership from an actuarial perspective.
Oversee the Reserving process and projects related to Reserving, including but not limited to quarterly reserve reviews and monthly IBNR roll forwards. 
Lead the development of new Reserving tools, advance reserving methodology in terms of data capture and analysis and lead the design and implementation of new processes.
Work with accounting, external actuaries, and auditors to provide accurate data, provide reconciliations and assist with calculations, resolve discrepancies and assist in any way necessary to assist in the completion of accurate financial statements with the Statement of Actuarial Opinion.
Manage competing internal interests and workload with respect to data requirements, ratemaking, rate filings and product development.
Provide data in support of actuarial, product and underwriting, and reserving initiatives.
Perform data manipulation, analysis, and automation, including but not limited to data cleansing and automated reporting.
May manage teams of actuarial analysts.
Ensure that data is correct, consistent, and robust. Perform proper data validation and reconciliation exercises.
Practice appropriate spreadsheet and data stewardship: Organize and document data, data sources, and calculations in such a way that it can be easily reviewed by a peer or external party.
Keep managers and team informed of activities and situations which will impact the achievement of corporate and department goals and objectives.
Present results and conclusions of analysis to other departments and senior management.
Keep up to date on the insurance environment, regulatory changes, social influences, and new actuarial and data methods. Be proactive in revising approaches and methods to continually improve all our work products.
Provide leadership on special projects related to ratemaking, reserving and financial analysis projects.
Perform other duties as required.
Supplemental Information:
This job description has been prepared to indicate the general nature and level of the work that the employees perform within their classification. This description is not and cannot be interpreted as an inventory of all the duties, tasks, responsibilities and qualifications required for the employees assigned to this job.
Education and Experience:
A Bachelor’s degree in actuarial science, mathematics, risk management or a related field.
Minimum of 8 years of actuarial experience, with homeowners and commercial lines experience preferred
Advanced proficiency in Microsoft Access, Excel, Work and Power Point.
Excellent communication skills, both written and oral.
Strong data and programming experience in an insurance environment is desired.
Proficient knowledge of SQL, MySQL, Oracle, or similar database languages is desired.
Proficient knowledge of R, Python, VBA, or similar programming languages is desired.
Advanced presentation skills.
Advanced analytical, problem-solving, and research skills.
Work extremely well independently.
Must possess strong work ethic and be a “team player”.
Project management skills. Lead project teams both with and without formal reporting authority.
Ability to work with multiple competing priorities.
Licenses and / or Certifications:
Associate of the Casualty Actuarial Society (ACAS) highly desired.
Commitment to attain Fellowship in the Casualty Actuarial Society (FCAS) desired but not required.

ACTUARY

<h3>Job Description</h3>
Job Description
Skill Actuarial Experience in P&amp;C domain.
Education Background form Actuarial Area
Good Statistical and Analytical skill in Actuarial domain 
Preferred to have Good Knowledge Modelling and State rate filings 
Key Responsibilities
<ul>
<li>Risk Assessment – Evaluating financial risks related to insurance policies, investments, and pension plans.</li>
<li>Data Analysis – Using statistical models to predict future events, such as accidents, illnesses, or economic downturns.</li>
<li>Policy Design – Developing insurance policies and pension plans that minimize financial risks.</li>
<li>Financial Forecasting – Estimating future liabilities and ensuring companies have sufficient reserves.</li>
<li>Regulatory Compliance – Ensuring financial strategies align with legal and industry regulations.</li>
<li>Collaboration – Working with accountants, economists, and financial analysts to develop risk mitigation strategies.</li>
</ul>
Skills Required
To succeed as an actuary, professionals need a combination of technical and analytical skills:
<ul>
<li>Mathematical Proficiency – Strong knowledge of probability, statistics, and financial mathematics.</li>
<li>Programming &amp; Data Analysis – Familiarity with tools like Python, R, Excel, and actuarial software.</li>
<li>Problem-Solving – Ability to analyze complex financial data and develop strategic solutions.</li>
<li>Communication Skills – Presenting findings in a clear and understandable manner to stakeholders.</li>
<li>Business Acumen – Understanding financial markets, economic trends, and investment strategies.</li>
</ul>

Actuary

<h3>Job Description</h3>
Actuary
Stable Value
Full-Time
Boston, MA or Springfield, MA
The Opportunity
The Institutional businesses are growing and represent a key component of the company’s business strategy.&nbsp; As a Product Manager, you will focus on product management, development, pricing, underwriting and risk analysis.&nbsp; This role will require combining technical investment/actuarial/product skills with influence, collaboration, and effective communication with internal business and operational teams, corporate and other MassMutual functions, as well as interaction with external clients and intermediaries.&nbsp; 
The Team
The Stable Value Product Team provides insights into the evaluation of new opportunities and the risk characteristics of our in-force business.
The Impact
The Institutional businesses are growing and represent a key component of the company’s business strategy.&nbsp; As a Product Manager, you will focus on product management, development, pricing, underwriting and risk analysis.&nbsp; This role will require combining technical investment/actuarial/product skills with influence, collaboration, and effective communication with internal business and operational teams, corporate and other MassMutual functions, as well as interaction with external clients and intermediaries.&nbsp; Specific responsibilities include:
<ul>
<li>Own the review of and decision making related to plan underwriting information for new sales opportunities</li>
<li>Evaluate and implement existing client stable value contract modification requests, in partnership with legal team as approved</li>
<li>Lead and contribute to projects related to product changes and new product offerings including pricing, contracts, filing, and risk assessment</li>
<li>Reviewing stable value investment portfolios</li>
<li>Building and maintaining pricing and risk analysis models</li>
<li>Determine new business and in-force crediting rates for stable value contracts</li>
<li>Analysis of risks and underwriting considerations and participating in contract negotiations</li>
<li>Performing experience studies and setting assumptions</li>
<li>Presenting complex analyses and concepts to executive management</li>
<li>Soliciting and analysis of competitive data</li>
<li>Influencing and contributing to ongoing business strategy and growth</li>
</ul>
The Minimum Qualifications
<ul>
<li>A certified ASA or FSA</li>
<li>8+ years of related experience in the financial services industry</li>
<li>4+ years of stable value experience</li>
<li>1+ year of synthetic GIC product, contract and risk experience</li>
</ul>
The Ideal Qualifications
<ul>
<li>CFA with experience in ALM, investment portfolio development, investment risk analytics is desired, but not required</li>
<li>Knowledgeable in aspects of stable value or Insurance Company General Account products</li>
<li>Ability to:
<ul>
<li>Make clear and consistent decisions</li>
<li>Demonstrate leadership, influence and take ownership of key projects</li>
<li>Demonstrate initiative and a sense of urgency</li>
<li>Effectively manage and deliver on multiple concurrent deliverables</li>
<li>Analyze and comprehend complex information, as well as convey complex materials to non-technical audiences</li>
</ul>
</li>
<li>Disciplined approach to strategic initiatives, business projects and day-to-day activities</li>
<li>Comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem</li>
<li>Detail oriented with strong analytical, critical thinking and problem-solving skills</li>
<li>Excellent interpersonal and communication skills (written, verbal, presentation)</li>
</ul>
What to Expect as Part of MassMutual and the Team
<ul>
<li>Regular meetings with the Stable Value Product team</li>
<li>Focused one-on-one meetings with your manager</li>
<li>Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups</li>
<li>Access to learning content on Degreed and other informational platforms</li>
<li>Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefit</li>
</ul>
#LI-ST1
MassMutual is an equal employment opportunity employer. We welcome all persons to apply. If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

Actuary Stable Value

<h3>Job Description</h3>
Actuary 
Life Valuation Modeling Team, Corporate Actuarial 
Full-Time
Boston, MA or Springfield, MA or NY,NY
The Opportunity
At MassMutual, we’re dedicated to helping people secure their future and protect the ones they love. The Corporate Actuarial organization supports this mission with actuarial and business analytics, while providing our 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 Team
The Valuation Modeling Team helps to protect the long-term interests of policyholders by ensuring MassMutual is positioned to meet its future obligations.&nbsp; 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.&nbsp; Our work affects regulatory compliance, strategic decision-making and inforce management.&nbsp; For those interested in modeling, interpreting, and communicating financial results in a collaborative team environment, this is an exciting role.
The Impact
<ul>
<li>Apply deep modeling expertise to all phases of input, processing, and output of valuation projections in Axis</li>
<li>Deliver and explain Stat, Tax and GAAP financial results.</li>
<li>Utilize modeling acumen to execute complex projects such as Cash Flow Testing, new product implementations, assumption change, and structural model updates</li>
<li>Develop and improve existing control and versioning methodology in valuation models &nbsp;</li>
<li>Improve efficiency by leveraging communication skills with internal and external technology partners</li>
<li>Apply knowledge of life insurance products and regulations to navigate complexity, ambiguity, and limitations in valuation software</li>
<li>Work directly with various audit stakeholders to demonstrate compliance with regulatory and model governance standards</li>
<li>Demonstrate agility in responding to stakeholder questions and unexpected results, often at times of peak activity and tight deadlines</li>
</ul>
The Minimum Qualifications
<ul>
<li>Bachelor’s Degree</li>
<li>ASA with 5+ years of actuarial experience</li>
<li>2+ years of experience with Axis</li>
</ul>
The Ideal Qualifications
<ul>
<li>FSA</li>
<li>4+ years of experience with Axis, including model leadership or stewardship roles</li>
<li>Proficient with Axis features such as DataLink, investment cells, scenario files, and embedded block processing</li>
<li>Understanding of modeling infrastructure such as ELink, GridLink, and output databases</li>
<li>Expertise with identifying multiple solutions to a problem, and developing collaborative solutions to software limitations</li>
<li>Ability to estimate resource requirements and set expectations with key stakeholders for highly visible projects</li>
<li>Experience with Principle-Based Reserves, valuation regulations, product design, modeling assumptions, and inforce policy data</li>
<li>Proficient with model-supported software such as MS Excel and SQL.</li>
<li>Strong math, analytical and collaboration skills</li>
<li>Demonstrated accountability and ownership of long-term independent projects</li>
<li>Strong communication skills, both written and verbal</li>
<li>Continuous improvement mindset</li>
<li>Ability to build and maintain strong working relationships across cross-functional groups</li>
</ul>
What to Expect as Part of MassMutual and the Team
<ul>
<li>Regular meetings with the Life Valuation Team</li>
<li>Focused one-on-one meetings with your manager</li>
<li>Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups</li>
<li>Access to learning content on Degreed and other informational platforms</li>
<li>Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits</li>
</ul>
#LI-ST1
MassMutual is an equal employment opportunity employer. We welcome all persons to apply. If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

AXIS Modeling Actuary

<h3>Job Description</h3>
LTC Pricing Actuary
Full-Time
Springfield, MA or Boston, MA
The Opportunity
This is a mastery level actuarial position within the Health and Worksite Product organization with primary responsibility for the long-term care product line.&nbsp; Responsibilities include product development and pricing of long-term care hybrid products, as well as long-term care riders on our life insurance products.&nbsp; Activities include collaborating across a wide variety of functions, including sales, operations, underwriting, corporate actuarial, marketing, claims and IT.&nbsp;
The Team
The Health and Worksite pricing team is responsible for new individual health and group worksite insurance products, product enhancements, riders, and pricing initiatives within MMUS.&nbsp; This is a dynamic team with expert actuaries representing the existing product lines of Disability Income, Long Term Care, Critical Illness, Accident, and Worksite Life products, plus all new initiatives in the Health and Worksite space.&nbsp; We are responsible for new products, pricing, experience monitoring, and ultimately the profitability of these product lines.&nbsp; Team members are expected to form an opinion, advocate for our policyowners and the company, and drive action.&nbsp;
The Impact:
Product Design and Pricing
<ul>
<li>Participate in product development ideation and lead the design for new long term care combination products, riders, enhancements, and other initiatives</li>
<li>Lead the development of pricing assumptions, leveraging senior pricing actuaries and peers as needed for consistency, when possible, over multiple product lines</li>
<li>Apply actuarial pricing and management models, building or enhancing them as necessary, to support product pricing analysis and design</li>
<li>Identify risks inherent in new and current product design and develop strategies and processes to manage and mitigate such risks</li>
<li>Perform sensitivity testing on key assumptions to help quantify risks and mitigations</li>
<li>Extract relevant insights from data and/or models and present complex analysis in simple and straightforward manner to key stakeholders</li>
<li>Secure required pricing approvals from key stakeholders by balancing competitive benchmarks and acceptable levels of expected profit and risk</li>
<li>Form opinions, make recommendations, and drive decisions and execution</li>
<li>Create and maintain pricing assumption version controls and final pricing documentation</li>
</ul>
Product Implementation
<ul>
<li>Research state/federal regulations that govern health insurance and ensure products and rates adhere.</li>
<li>Develop the Actuarial Memorandums and Rate Manuals for product filings and respond to all actuarial objections</li>
<li>Work with implementation teams on all product initiatives, specifications, and testing</li>
<li>Analyze&nbsp;experience studies and develop assumptions for new product development and overall product portfolio risk assessment</li>
<li>Comply with Actuarial Standards of Practice, Code of Professional Conduct and company standards</li>
<li>Support continuous improvement through:</li>
<li>Keeping innovation in the forefront</li>
<li>Improving processes and practices</li>
<li>Providing fresh perspectives, breakthrough ideas, and new paradigms to create value</li>
<li>Advocating for change, improvement, and optimal value added across the organization</li>
<li>Asking questions and challenging the status quo</li>
<li>Taking ownership and personal responsibility</li>
<li>Support other Health and Worksite pricing and product development initiatives as needed</li>
</ul>
The Minimum Qualifications
<ul>
<li>Bachelor’s degree in actuarial science, math, statistics, or related discipline</li>
<li>ASA designation</li>
<li>5+ years relevant actuarial experience</li>
<li>Qualified to sign statements of actuarial opinion for disability income, long term care, chronic illness or accident products.</li>
<li>Experience with actuarial software and modeling, demonstrating the ability to build, validate, enhance, and maintain pricing models</li>
</ul>
The Ideal Qualifications
<ul>
<li>FSA and MAAA designations</li>
<li>Experience with long term care insurance</li>
<li>Experience with state product filing, rate filings, and objection responses</li>
<li>Experience with GGY AXIS</li>
<li>Strong interpersonal and communication skills, both written and verbal</li>
<li>Demonstrated ability to interact with technical and non-technical audiences at all levels, within and across organizational boundaries</li>
<li>Ability to use a disciplined work approach to initiatives, projects, and day-to-day activities</li>
</ul>
What to Expect as Part of MassMutual and the Team
<ul>
<li>Regular meetings with the Health and Worksite Product Team</li>
<li>Focused one-on-one meetings with your manager</li>
<li>Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, Veteran and disability-focused Business Resource Groups</li>
<li>Access to learning content on Degreed and other informational platforms</li>
<li>Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits</li>
</ul>
#LI-ST1
MassMutual is an equal employment opportunity employer. We welcome all persons to apply. If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

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