Pension Actuary

| Greater Boston Area

POSITION SUMMARY

The Defined Benefit Actuarial team provides valuation and consulting services on the funding strategy and plan design of qualified defined benefit retirement plans as well as pension risk transfer group annuity contracts. The annual valuations for the defined benefit retirement plans determine required and permitted contributions, provide information for company accounting reporting, and government filing purposes necessary to retain the plan’s tax qualified status.

RESPONSIBILITIES

  • Consults with clients on all aspects of their Retirement Program with a focus on their DB plan.
  •  Uses judgment to engage other resources (internal and external) as needed.
  •  Coordinates/oversees resources to deliver/manage client assignments, such as plan design, funding and accounting strategies, nondiscrimination testing, general compliance, PPA/ERISA requirements, implementation of plan mergers and terminations, review of government reports, annual results delivery and annual filings. Responsible for the quality, clarity and timing of all actuarial services delivered to clients.
  • Actively supports complex integrated investment/funding strategies including ALM, LDI and glide path strategies.
  • Positively represents our DB capabilities and supports marketing endeavors and business development opportunities.
  • Capability to clearly interpret and communicate group annuity contract language as well as associated benefit calculations
  • The ability to provide guidance and mentorship to benefit calculation analysts

BASIC QUALIFICATIONS

  • Bachelor’s Degree in Math, Finance or Actuarial Science
  • Enrolled Actuary (EA) designation is required
  • 5+ years of Pension Actuarial experience
  • Advanced knowledge of Excel, Word, and Access and ability to learn new systems quickly
  • Strong interpersonal and communication skills; able to document complex issues,
  • Demonstrate continuous improvement mindset
  • Ability to effectively prioritize multiple deliverables
  • Ability to manage multiple, complex tasks and meet tight deadlines with focus on quality and customer service
  •  Adaptable to changing priorities and continually look for new ways to improve processes
  • Organized, attentive to detail, and able to work independently
  • Authorized to work in the United States without sponsorship now or in the future

PREFERRED QUALIFICATIONS

  • 7+ years of Pension Actuarial experience

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Technology we use

  • Engineering
  • Product
    • .NETLanguages
    • JavaLanguages
    • JavascriptLanguages
    • KotlinLanguages
    • PythonLanguages
    • RLanguages
    • RubyLanguages
    • ScalaLanguages
    • BashLanguages
    • GroovyLanguages
    • D3JSLibraries
    • ReactLibraries
    • ReduxLibraries
    • Twitter BootstrapLibraries
    • Redux SagaLibraries
    • ExpressFrameworks
    • Node.jsFrameworks
    • Ruby on RailsFrameworks
    • SpringFrameworks
    • Microsoft SQL ServerDatabases
    • MongoDBDatabases
    • PostgreSQLDatabases
    • SQLiteDatabases
    • TeradataDatabases
    • Google AnalyticsAnalytics
    • OptimizelyAnalytics
    • TealiumAnalytics
    • SnowplowAnalytics
    • LookerAnalytics
    • IllustratorDesign
    • InVisionDesign
    • PhotoshopDesign
    • SketchDesign
    • Aha!Management
    • BasecampManagement
    • ConfluenceManagement
    • JIRAManagement
    • TrelloManagement

Location

We currently have Boston office locations at both 470 Atlantic Ave and One Marina Park.

An Insider's view of MassMutual

How do you collaborate with other teams in the company?

As a Product Owner, I spend most of my time collaborating with others across different business units. On any given day, I could be spending time brainstorming design concepts of upcoming features with our design team or assisting them with presenting these concepts to outside users as part of our user testing process.

Ryan

Digital Product Owner

What makes someone successful on your team?

Successful people on my team are: passionate, curious, receptive, and engaged. Each team member is expected to be passionate about the work that they do, and the domains in which they practice. They are always solving unique problems and must be curious about finding new solutions.

David

Digital Lead

What’s the vibe like in the office?

We work in an open floor plan, so there is a lot of opportunity for networking across roles, teams and levels. Everyone is very friendly and welcomes the opportunity to get to know other people on the floor.

Kristina

Digital Product Manager

What are MassMutual Perks + Benefits

MassMutual Benefits Overview

At MassMutual, employees have the opportunity to earn a competitive salary and bonus, enroll in an
array of benefits, and participate in programs and services that support healthy lifestyles, assist them
in building financial security for themselves and their families and help them live well-balanced lives.

Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Child Care & Parental Leave Benefits
Child Care Benefits
Generous Parental Leave
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
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