Actuarial Fellow jobs in Springfield, MA

Actuarial Associate

Actuarial Leadership Development Program

Full-Time

Boston, MA or Springfield, MA

The Opportunity

MassMutual values Actuaries and their key leadership role in helping MassMutual achieve its strategic goals. The Actuarial Leadership Development Program (ALDP) provides you with all the benefits needed to not only successfully pass actuarial exams, but to prepare you for leadership roles throughout the organization. The rotational design of the program exposes students to a broad breadth of experiences as well as technical and industry knowledge. You will experience working in a diverse and established Fortune 100 Company while having fun and building relationships that will last a lifetime.

The Team

We have a current opening in the ALDP for an experienced Actuarial Associate to work on our Annuity Pricing and Profitability team. The team is responsible for the pricing and profitability of MassMutual’s annuity products. The team is tasked with developing and executing pricing strategy for new and inforce products, and monitoring profitability and taking strategic actions as necessary. The team accomplishes these responsibilities through frequent interaction with business partners such as corporate product oversight, ALM & hedging, and enterprise risk management areas.

The Impact

This role will offer the opportunity to understand and lead discussions on the financial drivers of the annuity product with business partners, develop actuarial modeling skills, and interact with non-actuaries in the Annuity Product organization. You should expect to become a subject matter expert on variable annuity and index-linked annuity pricing and risk management and will take ownership of the profitability analysis discussions, as well as the pricing model and assumptions used to support such analysis.

As a participant in the ALDP, you will experience the following:

• Rotations: Engage in meaningful work that supports the success of the company as you are exposed to various business lines and actuarial functions through our rotational program.
• Mentors: Learn from a mentor who will work closely with you to provide career and exam guidance, development, coaching and support.
• Meaningful Projects: Apply your knowledge and skills by participating in high profile projects in a respected and highly rated company.
• Networking Lunches with Senior Actuaries: Attend networking lunches that allow you to interact with senior actuaries at MassMutual, including the Chief Actuary and Chief Investment Officer.
• Executive Speaker Series: Attend education forums presented by company leaders that will educate you on a variety of possible topics, including industry issues, line of business initiatives, and major projects. Past speakers have included the President & CEO, the CFO, and leaders of various lines of business.
• External Seminars & Meetings: Attend actuarial seminars and meetings to enhance your understanding of industry issues and network with other industry professionals.
• Corporate Learning & Development Programs: Participate in internal programs that allow you to develop leadership competencies in areas such as interpersonal relations, presentation skills, business acumen, and the like.
• Community Volunteer Opportunities: Embrace the regular opportunities to give back to the local community alongside other MassMutual employees.
• Social & Networking Events: Attend actuarial networking events with other students and company actuaries, such as mini-golf, bowling, softball, and exam recognition nights

The Minimum Qualifications

• BA or BS with a quantitative focus (e.g., Mathematics, Actuarial, Finance, Economics or related major)
• Must have passed at least 4 or more actuarial exams
• Must have at least 3 years of professional experience in an actuarial related position

The Ideal Qualifications

• Commitment to pursue Fellowship in the Society of Actuaries
• Demonstrated leadership skills from either school or work
• Strong analytical skills with hands-on experience using actuarial modeling platforms
• Experience in annuities, especially variable annuity and/or index-linked annuity, is a plus
• Experience in Prophet is a plus
• Ability to work independently and manage multiple projects
• Strong technical skills using Excel, VBA
• Cross collaboration experience working across multiple stakeholder groups

What to Expect as Part of MassMutual and the Team

• Regular meetings with the ALDP 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

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