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Actuarial Consultant - Defined Benefits

| 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. The annual valuations determine required and permitted contributions, provides information for company accounting reporting, and government filing purposes necessary to retain the plan’s tax qualified status.

RESPONSIBILITIES

  • Perform actuarial tasks, programming software to produce benefits and liabilities
  • Analyze and verify plan liabilities and assets, document factors used in computations (such as those used in evaluating gains and losses, expenses, schedules, etc.)
  • Prepare annual actuarial reports for funding and accounting purposes
  • Analyze the impact of changes in plan design, funding methods and assumptions
  • Prepare government filings
  • Perform compliance testing including nondiscrimination tests
  • Train less experienced team members and act as team resource
  • Works in partnership with Actuary assigned to account
  • Recommend and make changes in calculation of actuarial liabilities
  • Communicate directly with external pension plan clients including finance, administration and management contacts
  • Attend client meetings when appropriate and participation adds value
  • Coordinate and be accountable for actuarial deliverables

BASIC QUALIFICATIONS

  • Bachelor’s Degree in Math, Finance or Actuarial Science program
  • Excellent analytical and mathematics skills
  • Excellent analysis and problem-solving skills
  • Strong computer skills – including Excel and Word
  • Strong interpersonal skills
  • Strong written and verbal communication skills
  • Creative thinker with the ability to prioritize and manage multiple tasks 
  • Self-starter who can work in a team environment, as well as independently
  • Authorized to work in the United States without sponsorship now or in the future

PREFERRED QUALIFICATIONS

  • 5+ Years of preferred experience in similar role
  • 2+ years of experience working in the Defined Benefits business area
Read Full Job Description

Technology we use

  • Engineering
  • Product
    • .NETLanguages
    • JavaLanguages
    • JavascriptLanguages
    • KotlinLanguages
    • PythonLanguages
    • 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

470 Atlantic Avenue, Boston, MA 02110

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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