Actuary - Pension Risk Transfer
POSITION SUMMARY
MassMutual is seeking an accomplished Actuary to join the company’s Pension Risk Transfer team. The Pension Risk Transfer business represents a key component of the company’s Institutional Solutions business. This position will support continued growth in the Pension Risk Transfer business with an opportunity for someone to apply their knowledge of pricing and longevity products within the Pension Risk Transfer team to help achieve MassMutual’s strategy in this business. This role will support pricing, analysis and underwriting of possible cases, proposals/RFP’s, product development & contract reviews. Effective collaboration and communication is needed to also support maintaining relationships with our intermediaries and working with internal operations and corporate functions.
RESPONSIBILITIES
- Pricing of Pension Buy-out opportunities
- Underwriting and Development of proposals of new business
- Risks analyses and product development & modifications including contract and certificate reviews of group annuity products
- Work with Pricing, Product, and Corporate teams on approvals, assumptions, pricing processes, and exceptions
- Modifying pricing models and sensitivity testing
- Solicit & analyze competitive data
- Develop and maintain relationship with consultants and advisors
- Actuarial projects in support of the Pension Risk Transfer business
QUALIFICATIONS:
- An accomplished FSA, ASA, or EA with experience in pricing
- 6+ years experience in an Actuarial role
- Knowledgeable in aspects of pension/retirement or pension risk transfer a plus
- Demonstrates initiative and sense of urgency; takes ownership and is results-orientated
- Ability to effectively manage and deliver on multiple concurrent deliverables
- Disciplined approach to strategic initiatives, business projects and day-to-day activities
- Ability to analyze and comprehend complex information, as well as convey complex materials to non-technical audiences
- Comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem
- Detail 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
- Demonstrated high potential to take on greater responsibilities within a relatively short time frame