Life & Health ALM Actuary

Life & Health ALM ActuaryFull-TimeSpringfield, MA or Boston, MAThe OpportunityAt 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 (CA) 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 an actuary to join the Life & Health team. As an ALM Actuary you will join the team responsible for building and maintaining liability ALM models, managing the ALM production process and collaborating with Investment Management and ERM to produce ALWG and Economic Capital materials. In addition, the role will work with pricing and investment management teams to evaluate the trade-offs of different investment strategies. You will be a key resource in maintaining our production process, updating ALM assumptions and communicating results to various teams throughout the organization. Additionally, the individual will assist in other cross-company and cross-team initiatives, and maintenance of ALM processes.The TeamThe Life & Health ALM team within Corporate Actuarial is charged with supporting the company's execution of its strategies from a liability point of view. We own the production of liability metrics needed to execute these strategies, but we also partner with investment management, ERM, and Product in the development and ongoing management of these strategies. We are a small team, so agility is important. If you are someone that has a passion for tackling complex problems, 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 and qualitative support to Corporate Actuarial, Investment Management, and the Life and Health Product teams by leveraging knowledge of actuarial business functions and risks, and technical facility with computer tools.Develop, document, and maintain methodologies, assumptions, qualifications, and computer programs, using a variety tools, to solve challenging 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 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.Partner with other teammates to run the monthly liability production process for life and health products.Continually improve model processes, lead model development work, and streamline work processes so we can spend more time analyzing results.Collaborate with the Asset Liability Working Group (ALWG) to improve analytics around duration/convexity metrics, liquidity constraints, and ALM strategy changes.Use the governance framework, including assumption-setting, model development and management and data governance to implement new products and produce accurate, informative results.The Minimum QualificationsASA or FSABachelor's Degree or higher in Mathematics, Actuarial Science, Finance or related field5+ years of experience including actuarial business functions and risks, investments, ALM, or hedgingThe Ideal QualificationsFellow of the Society of Actuaries or Chartered Financial Analyst preferredProficiency in Microsoft Excel and AccessExperience with (or desire to learn) programming languages such as Excel VBA, SQL, or PythonActuarial modeling software experience a plus (including, but not limited to: AXIS and Prophet)Demonstrated strong written and oral communication skillsExpertise in data and model managementContinuous improvement and strong controls mindsetNavigates complex and ambiguous problems with agility and resiliencyStrong analytical and creative problem-solving skillsStrong modeling and technical skills, but also a healthy intellectual curiosity and willingness to think outside the boxAbility to build and maintain strong working relationships across cross-functional groups and to proactively resolve issuesKnowledge of life and health products, risk management techniques, regulations and methodologiesAbility to manage competing prioritiesWhat to Expect as Part of MassMutual and the TeamRegular meetings with the Life & Health ALM teamBuild and maintain relationship with the BusinessFocused one-on-one meetings with your managerNetworking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource GroupsAccess to learning content on Degreed and other informational platforms#LI-ST1MassMutual 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.California residents: For detailed information about your rights under the California Consumer Privacy Act (CCPA), please visit our California Consumer Privacy Act Disclosures page.