Actuary, Consolidated Reporting
1 day ago
Actuary, Consolidated Reporting & Capabilities
Consolidated Reporting & Capabilities Team
Full-Time
Boston, MA or Springfield, MA or New York, NY
The Opportunity
The Actuary will be responsible for supporting MassMutual’s actuarial valuation consolidated reporting and providing data and modeling expertise to ensure effective capabilities across the department. This role will also support the Head of Consolidated Reporting & Capabilities in managing the annual cash flow testing process and performing results analysis. The successful candidate will collaborate with various internal/external stakeholders and work closely with production valuation teams to improve model processes and streamline workflows.
The ideal candidate will exhibit strong technical expertise in insurance products, financial reporting, and valuation modeling. They will be proactive in identifying and implementing process improvements to enhance valuation reporting processes and capabilities by unlocking untapped potential in data management and process flows. This individual will be a trusted partner, contributing to the continuous improvement of our valuation tools and processes, while ensuring alignment with end-user requirements.
The Team
The Consolidated Reporting & Capabilities Team is focused on reporting for all of MassMutual’s line of business and utilizing financial data to drive important changes to our valuation processes, models, controls, financial statements and disclosures. The team needs to build strong relationships with its key stakeholders within CFO organization and is in a prime position to ensure we have effective capabilities across all valuation teams. We are seeking an individual that will help modernize and transform the delivery of accurate financial information and analysis through the use of various data and modeling tools.
The Impact
Reporting and Analysis:
- Prepare and deliver reporting of monthly/quarterly consolidated valuation results, including year-end reporting exhibits.
- Support the annual asset adequacy testing process, including aggregation of results, analysis, and communication.
- Ensure use of the valuation governance framework for reporting, model development, testing, and management.
- Provide technical expertise and support to production valuation teams to continuously improve model processes and streamline workflows.
Trusted Business Partner:
- Prepare and effectively communicate financial information to various internal and external stakeholders, understanding the impact of regulation, valuation assumption/data changes on results.
- Collaborate with Valuation leads, Forecasting, Corporate Finance, Technology, and Risk teams to ensure that consolidated reporting results and processes, data, and modeling updates meet reporting requirements and control standards.
- Drive valuation data and modeling projects with various stakeholders including production valuation teams, reinsurance, controllership, and other relevant departments.
Valuation Data & Modeling Support and Process Improvements:
- Support projects related to valuation data and modeling by collaborating across teams to ensure effective delivery.
- Conduct research on best practices related to data and modeling, including emerging regulatory requirements, and recommend approaches to implement new capabilities.
- Identify and implement process improvements and new capabilities to enhance valuation and reporting processes
The Minimum Qualifications
- Bachelor's degree in Actuarial Science, Mathematics, Economics, Finance, Statistics, or a related field
- ASA or FSA with 5+ years of actuarial experience
- 2+ years experience with SQL, Python and/or R
- 1+ years experience in data management and actuarial modeling, and experience working with valuation systems, data lake and related reporting tools
The Ideal Qualifications
- FSA highly desired.Experience with Moody’s AXIS and/or Prophet Modeling Platforms
- 7+ years actuarial experience in modeling, valuation, and reporting, or in pricing, assumptions development, or risk management.
- Continuous improvement and strong controls mindset
- Strong communication skills, both written and verbal
- Ability to build and maintain strong working relationships across cross-functional groups
- Demonstrated financial statement knowledge of US Statutory and GAAP reporting, including Principles Based Reserves (PBR) and GAAP Long Duration Targeted Improvements (LDTI)
- Strong modeling, technical and leadership skills with ability to effectively execute on valuation processes and communicate results.
- Deep knowledge of life insurance and annuity products, valuation techniques, regulations and methodologies.
- Experience with cash flow testing and/or actuarial projections.
What to Expect as Part of MassMutual and the Team
- Regular meetings with the Actuarial Valuation 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
- Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
#LI-ST1
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.If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
-
Actuary, Consolidated Reporting
2 days ago
Boston, MA, United States MassMutual Full timeActuary, Consolidated Reporting & CapabilitiesConsolidated Reporting & Capabilities TeamFull-TimeBoston, MA or Springfield, MA or New York, NYThe Opportunity The Actuary will be responsible for supporting MassMutual’s actuarial valuation consolidated reporting and providing data and modeling expertise to ensure effective capabilities across the department....
-
Actuary, Consolidated Reporting
2 days ago
SPRINGFIELD, United States MassMutual Full timeActuary, Consolidated Reporting & CapabilitiesConsolidated Reporting & Capabilities TeamFull-TimeBoston, MA or Springfield, MA or New York, NYThe Opportunity The Actuary will be responsible for supporting MassMutual’s actuarial valuation consolidated reporting and providing data and modeling expertise to ensure effective capabilities across the department....
-
Manager of Financial Reporting
2 weeks ago
Irving, TX, United States LSG Sky Chefs Full timeRole Purpose Statement The key objectives of the role are to ensure quality data submissions from assigned legal entities in IFRS and US GAAP, to prepare the monthly and annual consolidated financial statements (including footnotes), and to lead the preparation of the US GAAP consolidated financial statements for the USA. Additional involvement in...
-
Lead Analyst, Financial Reporting
3 weeks ago
Milwaukee, WI, United States Johnson Controls International Full timeAre you interested in making an impact? Our team is full of collaborators, multi-taskers and agile accounting professionals. We believe in partnership, in driving accountability and in working to help our teammates and the business achieve their goals. We are looking for people to join us that love what they do & have the desire to grow their career. We will...
-
Senior Actuarial Manager
4 weeks ago
Springfield, Illinois, United States Neeljym Search Group Full timePosition Overview:This role presents a chance to advance as a Senior Actuarial Manager overseeing two Managing General Underwriters (MGUs) within a prominent global wholesale brokerage. Reporting Structure:The Senior Actuarial Manager will directly report to the Chief Actuarial Officer, a seasoned professional with over a decade of experience at the firm,...
-
Lead Associate Actuary
1 month ago
Springfield, United States PacificSource Full timeLooking for a way to make an impact and help people?Join PacificSource and help our members access quality, affordable care!PacificSource is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to status as a protected veteran or a qualified individual with a disability, or other protected status,...
-
P&C Actuarial Intern
1 month ago
Springfield, United States Horace Mann Full timeOverviewHorace Mann Educators Corporation offers insurance and financial products to educators and those who serve the public. We're motivated by the fact that educators take care of our children's future, and we believe they deserve someone to look after theirs. We help educators identify their financial goals and develop plans to achieve them. Our tailored...
-
Actuarial Analyst, Experienced
1 month ago
United States, CA, Oakland Blue Shield of California Full timeYour Role The Actuarial Provider Strategies team helps design and implement value-based care (VBC) payment models, which include Accountable Care Organizations (ACOs) and other innovative alternative payment models (APMs) to improve the affordability and quality of care our members receive. The Experienced Actuarial Analyst will report to the Senior...
-
Actuarial Analyst, Experienced
1 month ago
United States, CA, Oakland Blue Shield of California Full timeYour Role The Large Group Pricing team is responsible for pricing and forecasting our Large Group Health Insurance products. The Experienced Actuarial Analysts will report to the Manager. In this role you will be applying your analytical toolset to project the future costs and premiums for the Large Group customers, as well as additional analysis and...
-
Actuarial Intern
2 weeks ago
Lincoln, NE, United States Ameritas Full timeAmeritas is seeking an Actuarial Intern to drive the business by supporting the actuarial functions and staff by performing actuarial analyses and calculations, preparing reports, and participating in actuarial projects. The actuarial intern may support the following departments: Individual Product, Group, Corporate Actuarial, Financial Planning and...
-
Actuarial Intern
2 weeks ago
Lincoln, NE, United States Ameritas Full timeAmeritas is seeking an Actuarial Intern to drive the business by supporting the actuarial functions and staff by performing actuarial analyses and calculations, preparing reports, and participating in actuarial projects. The actuarial intern may support the following departments: Individual Product, Group, Corporate Actuarial, Financial Planning and...
-
Actuarial Analyst I
1 week ago
Sacramento, CA, United States VirtualVocations Full timeA company is looking for an Actuarial Analyst I to provide data and analysis supporting key initiatives. Key Responsibilities Develop actionable recommendations and profitability reports Perform regular and ad-hoc analyses to identify opportunities for improvement Prepare monthly calculations of IBNR reserves and evaluate government reimbursement...
-
Manager & Senior Life Actuary
1 week ago
Lansing, MI, United States Michigan Farm Bureau Full timeManager & Senior Life ActuaryUS-MI-LansingJob ID: Type: Regular Full-Time# of Openings: 1Category: ActuarialFarm Bureau CenterOverviewManager & Senior Life Actuary ObjectiveTo provide life and annuity actuarial expertise and leadership across a variety of actuarial functions including valuation, pricing, and modeling efforts. To perform and lead others in...
-
Actuarial Analyst, Senior
3 weeks ago
United States, CA, Oakland Blue Shield of California Full timeYour Role The Actuarial Provider Strategies team supports the design and analytical operations of Blue Shield of California’s value-based strategy. The Actuarial Analyst - Senior will report to the Principal Analyst on Actuarial Provider Strategies. In this role you will be supporting analytical work for the Accountable Care Organization (ACO) incentive...
-
Actuarial Analyst, Principal
2 months ago
United States, CA, Oakland Blue Shield of California Full timeYour Role The Cost of Health Care Actuarial team is responsible for supporting the Pharmacy Reimagined strategy in addition to traditional actuarial functions of claim reserves and cost trends. The Pharmacy Actuarial Analyst, Principal will report to the Senior Director, Cost of Health Care Actuarial. In this role you will support the Pharmacy Team’s...
-
Actuarial Analyst, Senior
2 weeks ago
United States, CA, Oakland Blue Shield of California Full timeYour Role The Network and Provider Analytics team drives the development of an affordable provider network through data analytics and expertise. The Senior Actuarial Analyst will report to the Senior Manager. In this role you will perform financial analyses and modeling for CalPERS provider contracting support including term changes, renewals, network...
-
Director, Actuary
2 weeks ago
Chicago, IL, United States DW Simpson Full timeLooking for a step up? This is a perfect opportunity to move up to the next level. A Bermuda based life insurance company is seeking a Career ASA or FSA with 5+ years of experience to become their next Director, Actuary. This position is responsible for aiding in the production of quarterly & year-end GAAP & regulatory reporting, improving actuarial...
-
Director, Actuary
3 weeks ago
Chicago, IL, United States DW Simpson Full timeLooking for a step up? This is a perfect opportunity to move up to the next level. A Bermuda based life insurance company is seeking a Career ASA or FSA with 5+ years of experience to become their next Director, Actuary. This position is responsible for aiding in the production of quarterly & year-end GAAP & regulatory reporting, improving actuarial...
-
Senior Actuarial Analyst
1 week ago
Atlanta, GA, United States DW Simpson Full timeThis is a great opportunity with a leading provider of vehicle protection products! This outstanding P&C company is searching for an actuary with at least 5 actuarial exams passed and 5+ years of experience to become their next Senior Actuarial Analyst. In this role, you can expect to work on designing reports to present to management and clients. You will...
-
Actuarial Analyst III, P&C Reserving
1 month ago
Springfield, United States American National Insurance Company Full timeJob PostingThe Actuarial Analyst III will be a key member of the American National P&C Reserving team that is responsible for analyzing all P&C entities' reserve adequacy. Primary responsibilities would include performing and communicating actuarial analyses in loss reserving, reinsurance administration, and financial reporting. The position may also support...