Actuary - Reinsurance

ActuaryReinsurance Development Team within Corporate ActuarialFull-TimeBoston, MA or Springfield, MAThe OpportunityMassMutual is seeking a well-rounded, motivated financial professional to join the Reinsurance Development team within the broader Corporate Actuarial team. In this function, this individual will cover all aspects of reinsurance across MassMutual and is expected to successfully partner with the various internal and external businesses and partners of the Organization. They will also take the lead on developing additional analytics to better understand our current and projected reinsurance performance.The TeamReinsurance Development operates as a small center of excellence for reinsurance across the company. The team includes a treaty consultant, a reinsurance actuary, a member of actuarial leadership development program (ALDP), and the reinsurance administration team. We manage all of MassMutual’s reinsurance relationships. The team leads and oversees all aspects of reinsurance including developing, negotiating, securing, and administering both traditional and financial reinsurance solutions to support the operational, risk and capital position of the Company.The Impact:Provide technical expertise as the modeling lead for the team to produce output for regular reporting and ad-hoc analysisHelp manage the use and direction of reinsurance across all lines of business for both inforce and new business balancing historical and expected go-forward profitability, risk appetite and existing exposures, contractual reinsurance obligations/requirementsIn this role, the individual will lead work to develop an analytics framework on inforce reinsurance arrangements to assess performance and develop a better understanding of cash flows and economics with each reinsurer that will be regularly presented to management and used to help inform strategy decisions on the inforce reinsurance arrangementsClosely collaborate with Product, Pricing, and Assumption Oversight and Valuation teams to ensure adequacy and appropriateness of assumptions and strategies recommended as part of the reinsurance exerciseDevelop relationships with external reinsurance counterparts, and manage the standard request for proposals and implementation of coverages, such as yearly renewable term pools, while collaborating with Product to analyze the reinsurance proposals and providing recommendations to the Head of Product and Chief ActuaryRegularly attend strategy meetings with senior leadership, the Chief Actuary, other departments, and external reinsurance counterparts with opportunities to present and participate in discussions to ensure the use of reinsurance and expertise from the reinsurers is optimally utilized across the organizationAttend one reinsurance conference per year to discuss strategy and priorities with external reinsurance counterpartsStrategic thinking, clear communication, leadership running initiatives and solid partnership with the business and other departmentsThe Minimum QualificationsBachelor’s DegreeAssociate of the Society of Actuaries (ASA)An individual with demonstrated professional financial experience with 5+ years of life or health or annuity insurance experienceThe Ideal QualificationsFellow of Society of Actuaries (FSA) or equivalent professional credential from a recognized professional actuarial association is a plus but neither is not a requirement5+ years of experience, preferably in the U.S. insurance marketExperience in reinsurance across life, health or annuity product lines and capital management2+ years of experience with Moody’s AXISSelf-motivated and independent with strong analytical, strategic & critical thinking, and problem-solving skills; comfortable dealing with both complexity and ambiguity, and able to explore multiple solutions to problems and challengesEffective time management, planning and organization skillsStrong interpersonal and communication skills: ability to convey complex issues, explain methodologies and influence resolutions in writing and orallyAbility to rapidly respond to changes in direction, tight deadlines and high-pressure situationsWhat to Expect as Part of MassMutual and the TeamRegular meetings with the Reinsurance Development TeamFocused one-on-one meetings with your manager, the reinsurance actuaryNetworking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, Veteran and disability-focused Business Resource GroupsAccess to learning and development content on Degreed and other informational platformsYour ethics and integrity will be valued by a company with a strong and stable ethical business practices with industry leading pay and benefitsMassMutual is an equal employment opportunity employer. We welcome all persons to apply.If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need. #J-18808-Ljbffr