Address
Form of workALM Actuary
ALM & Hedging Team, Corporate Actuarial & Business Analytics
Full-Time
Springfield, MA or Boston, MA
The Opportunity
At 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 & Business Analytics (CABA) 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 at the Mastery level (FSA or near-FSA) to join the ALM & Hedging team. The incumbent will own all components of ALM for Institutional Solutions including the business relationship, monthly and quarterly production, aid in the Institutional Solutions ALM strategy, and ad-hoc analysis. This business includes Pension Risk Transfer and Funding Agreements. Additionally, the individual will assist in other cross-company and cross-team initiatives, and maintenance of ALM processes.
The Team
The ALM & Hedging Team within Corporate Actuarial and Business Analytics is focused on supporting the organization's ALM and hedging strategies from a liability perspective. We are seeking an individual that will help drive delivery of accurate information and analysis, in actionable and forward-thinking ways. The individual will report to the Head of ALM Strategy. 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:
The Minimum Qualifications
The Ideal Qualifications
What to Expect as Part of MassMutual and the Team
#LI-CM1
Salary Range:
$131,100.00-$172,000.00
At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.
Why Join Us.
We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.
We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure - it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.
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.
At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.
ALM & Hedging Team, Corporate Actuarial & Business Analytics
Full-Time
Springfield, MA or Boston, MA
The Opportunity
At 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 & Business Analytics (CABA) 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 at the Mastery level (FSA or near-FSA) to join the ALM & Hedging team. The incumbent will own all components of ALM for Institutional Solutions including the business relationship, monthly and quarterly production, aid in the Institutional Solutions ALM strategy, and ad-hoc analysis. This business includes Pension Risk Transfer and Funding Agreements. Additionally, the individual will assist in other cross-company and cross-team initiatives, and maintenance of ALM processes.
The Team
The ALM & Hedging Team within Corporate Actuarial and Business Analytics is focused on supporting the organization's ALM and hedging strategies from a liability perspective. We are seeking an individual that will help drive delivery of accurate information and analysis, in actionable and forward-thinking ways. The individual will report to the Head of ALM Strategy. 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 and Institutional Solutions 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 and hedging processes.
The Minimum Qualifications
- Near FSA or FSA
- Bachelor's Degree or higher in Mathematics, Actuarial Science, Finance or related field
- 7+ years of experience including actuarial business functions and risks, investments, ALM, or hedging
- Demonstrated strong written and oral communication skills
- Ability to partner with and effectively communicate vertically and horizontally through the organization
The Ideal Qualifications
- Fellow of the Society of Actuaries or Chartered Financial Analyst
- Proficiency in Microsoft Excel and Access
- Experience with (or desire to learn) programming languages such as Excel VBA, SQL, or Python
- Navigates complex and ambiguous problems with agility and resiliency
- Strong analytical and creative problem-solving skills
- Ability to manage competing priorities
- Continuous improvement mindset
- Competencies - accountability, agility, business acumen, communication, courage, development, inclusion, leading others, resilience, and self-awareness
What to Expect as Part of MassMutual and the Team
- Regular meetings with the ALM Strategy and ALM & Hedging team
- Build and maintain relationship with the Business
- 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
#LI-CM1
Salary Range:
$131,100.00-$172,000.00
At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.
Why Join Us.
We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.
We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure - it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.
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.
At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.
