Quantitative Consultant - ALM & Hedging Strategy, Corporate Actuarial & Business Analytics
The Opportunity
At MassMutual, we're passionate about helping millions of people find financial freedom and this passion has driven our approach to developing highly interactive digital experiences for our customers. The Corporate Actuarial & Business Analytics (CABA) organization is focused on being a trusted business partner and go-to provider of actuarial and business analytics by influencing key business decisions with efficient use of data and technology, while providing our employees with exciting career experiences. To help us achieve our mission, we are hiring a Quantitative Consultant to join our ALM & Hedging team.
The Team
The ALM & Hedging Team within Corporate Actuarial and Business Analytics is focused on supporting the organization's ALM and hedging strategies from a liability perspective. We are seeking an individual that will help drive delivery of accurate information and analysis, in actionable and forward-thinking ways. The individual will report to the Head of ALM Strategy, and simultaneously provide VA hedging support to the Hedging team. If you are someone that has a passion for continuous improvement, innovative practices and a curiosity to pursue learning opportunities, this may be the right role for you.
The Impact
- Demonstrates accountability in providing quantitative support leveraging knowledge of actuarial business functions and risks, statistical methods of analysis, company actuarial systems and databases, and their integration, and technical facility with leading computer tools and technology.
- Develop, document, and maintain methodologies, assumptions, qualifications, and computer programs, using a variety of programming languages and software, to capture data for moderately complex actuarial analysis. Demonstrate ownership in learning and collaborating with others to meet customer needs.
- Deliver timely and accurate information to support the Company's ALM and hedging recommendations.
- Research, develop, and implement complex solutions impacting business decisions. Communicate findings and influence decision makers.
- The individual will effect change and help with the redesign and modernization of ALM and hedging processes.
The Minimum Qualifications
- Bachelor's Degree in Mathematics, Statistics, Actuarial Science, Finance, Computer/Data Science or related technical field
- 4 years of experience in the Insurance/Financial Services industry with a focus on quantitative/risk analysis:
- Knowledge of insurance functions and risk management
- Experience with redesigning and modernizing production processes and controls, influencing policies and project management skillset is highly desired
- Programming skills in Excel VBA, Python, R or other common programming language
- Demonstrated strong communication skills, both written and verbal with the ability to effectively communicate complex concepts
- Ability to work collaboratively in small team settings, but also comfortable working individually
The Ideal Qualifications
- Actuarial exams passed, a plus, or those interested in a non-traditional actuarial role
- Knowledge of the general ledger (SAP), including data extraction
- Experience with Moody's/GGY AXIS or FIS Prophet
- Strong analytical and creative problem-solving skills
- Agility to manage competing priorities
- Continuous improvement mindset
- Ability to build and maintain strong working relationships across cross-functional groups
- Advanced degree
What to Expect as Part of MassMutual and the Team
- Regular meetings with the ALM Strategy and ALM & Hedging team
- Focused one-on-one meetings with your manager
- Access to mentorship opportunities
- Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
- Access to learning content on Degreed and other informational platforms
About MassMutual
We've been around since 1851. During our history, we've helped millions of people find financial freedom, offer financial protection, and plan for the future.
Today, we continue to develop meaningful relationships with our customers by building their trust, being knowledge problem solvers and always prioritizing their needs. MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure – it's our way of life.
MassMutual was recognized as an Ethisphere 2019 World's Most Ethical Company, a Top Place to Work in 2019 according to The Boston Globe and named among America's Best Employers for Diversity according to Forbes 2020. MassMutual ranks No. 84 on the Fortune 500 list of largest companies.
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
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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.
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