MassMutual
We help people secure their future and protect the ones they love.
Hybrid

Head of Group Life Pricing & Product Management

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MassMutual is seeking a highly motivated and experienced worksite/group life actuary to take on a highly strategic, leadership role within MassMutual's Health and Worksite Product organization. Responsibilities include product development and inforce block management collaborating across a wide variety of functions including sales, operations, underwriting, corporate actuarial, finance, marketing and IT. We're looking for someone with a history of managing teams through change and a proven ability to build strong internal and external relationships.

 

 

KEY RELATIONSHIPS

 

Reports to: Head of Health and Worksite Products, MMUS Product

 

Additional Relationships: Worksite Business, Corporate Actuarial, Marketing, Finance, Operations, Underwriting IT, Field Partners, External Industry Organizations,

 

This position has primary responsibility for leading the Group/Worksite Life product suite and team. Specific aspects of this role include:

  • Develop and drive the business plan for Group/Worksite Life with a continued focus on whole life and an innovative and thoughtful approach to looking for other market/product solutions
  • Maximize long term profit consistent with MMUS strategic objectives which often require balancing conflicting needs and considerations, both short term and long term, of a wide variety of constituencies, ranging from external clients, producers, and vendors to other internal areas (Legal/Compliance, Finance, Service, Technology, etc.)
  • Drive Group/Worksite Life Product Practices and Systems; building methodology and establishing standards of practice that are appropriate and consistent with MassMutual, Worksite, and MMUS Product objectives
  • Apply actuarial pricing and management models, building or enhancing them as necessary, across the suite of group life products
  • Drive decisions and execution, collaborating with other areas to ensure that results and implications are appropriately understood and socialized.
  • Monitor profitability and ongoing trends, e.g. competition, distribution, demographic, technology, etc. and refine strategy accordingly
  • Oversight of new business capacity, risk management, and accountability for exception review
  • Develop, coach, and guide a high caliber team with strong business acumen toward having, an execution oriented focus, strong analytical and critical thinking skills, intellectual curiosity, and a collaborative approach to solving complex issues or problems, identifying solutions and leading by example
  • Contribute to the effectiveness and utilization of the workforce ensuring a safe, challenging and inclusive work environment for all employees by focusing on communication, reinforcement of the Company's values and culture, and employee engagement and development

 

 

CANDIDATE QUALIFICATIONS:

  • Fellow in the Society of Actuaries (preferred)
  • 10+ years as an FSA in a strategic leadership position. (preferred)
  • Deep and thorough understanding of group life insurance products and landscape. Ability to translate this information into innovative strategy recommendations.
  • Expert level knowledge of industry best practices and go-to-market strategies.
  • Strong interpersonal and communication skills; able to document complex issues, methodologies, and resolutions such that others can readily understand them
  • Proven ability to develop, lead, and manage a diverse team
  • Demonstrated ability to work cross-functionally to reconcile competing priorities while meeting organizational objectives
  • Sound business judgment in an environment of rapid change
  • Comfortable dealing with both complexity and ambiguity, and an ability to explore multiple solutions to a problem

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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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.

Culture
Volunteer in local community
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift, Matching Time and Volunteer Time Off Programs.
Partners with nonprofits
Every year, MassMutual and the MassMutual Foundation invest more than $20 million focused on advancing economic opportunity. https://www.massmutual.com/about-us/corporate-responsibility/foundation
Open door policy
OKR operational model
Team based strategic planning
Open office floor plan
Employee resource groups
Employee-led culture committees
Hybrid work model
In-person all-hands meetings
Employees can either attend the in-person all-hands meeting, watch live via Zoom, or watch the recording. All employees are invited to submit questions.
Employee awards
Flexible work schedule
Flexible work arrangements, including telecommuting, are available in many departments across the company.
Remote work program
In addition to two remote days per week, MassMutual offers employees four full remote weeks of their choice per year.
Diversity
Documented equal pay policy
Dedicated diversity and inclusion staff
Highly diverse management team
More than half of our Board of Directors are comprised of women and people of color, making it one of the most diverse groups in the industry.
Mandated unconscious bias training
Diversity manifesto
Diversity employee resource groups
Hiring practices that promote diversity
Diversity recruitment program
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
A health care flexible spending account (FSA) allows employees to save money on a before-tax basis for eligible medical, dental and vision expenses, subject to IRS limits.
Disability insurance
For details on short term and long term disability insurance please visit https://www.massmutual.com/-/media/files/employee_benefits.pdf
Dental insurance
Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).
Vision insurance
Health insurance
To learn more about our Health and Welfare Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Life insurance
For more information about our Life Insurance Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Pet insurance
Wellness programs
Team workouts
Mental health benefits
Transgender health care benefits
Wellness days
Abortion travel benefits
Our general medical travel benefit covers abortion-related travel.
Financial & Retirement
401(K)
In addition to our 401(k), MassMutual a cash balance plan that provides an account-based pension benefit based on accruals of pay credits and interest credits.
401(K) matching
Performance bonus
Charitable contribution matching
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift and Matching Time Programs.
Pay transparency
Child Care & Parental Leave Benefits
Childcare benefits
Dependent care flexible spending account to allow you to set aside before tax dollars to pay for certain eligible child care expenses.
Generous parental leave
Leave for birth mothers of 18 weeks of fully paid leave. Non-birth mothers, fathers and adoptive parents eight weeks of fully paid parental leave.
Family medical leave
Caregiver leave: Up to two weeks paid leave to care for a loved one. Bereavement Leave: 15 days of paid time off to grieve the loss of a loved one with the employee defining who the loved one is.
Adoption Assistance
Company sponsored family events
MassMutual offers many opportunities for family events, from group volunteer experiences and chances to attend Red Sox games to business resource group-sponsored outings like annual pride parades.
Fertility benefits
Vacation & Time Off Benefits
Generous PTO
Paid holidays: 9 fixed and 1 floating. Vacation: starts at 19 vacation and personal days per calendar year, with increases at 5-year service intervals.
Paid volunteer time
Three days of paid time off is available to employees annually to give back to their communities, by sharing their time and talent with a cause close to their heart.
Paid holidays
Paid sick days
Occasional illness: up to 5 days per calendar year.
Flexible time off
Floating holidays
Bereavement leave benefits
Hardship benefits
320 hours of caregiver leave to take of loved ones when it matters most.
Office Perks
Commuter benefits
Free daily meals
Free snacks and drinks
Some meals provided
Onsite office parking
Recreational clubs
Relocation assistance
Fitness stipend
Home-office stipend for remote employees
MassMutual's wellness wallet is a stipend available to all employees, and can be used for myriad wellness-related purchases, including home-office purchases.
Meditation space
Mother's room
Onsite gym
Professional Development Benefits
Job training & conferences
Tuition reimbursement
Lunch and learns
Promote from within
Mentorship program
Continuing education stipend
Continuing education available during work hours
Online course subscriptions available
Customized development tracks
Paid industry certifications
Personal development training
Virtual coaching services

Additional Perks + Benefits

To learn more about our comprehensive benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf

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